To come together, the logistics industry’s propensity toward competition will have to give way to an overarching spirit of collaboration, J.B. Hunt President and CEO Shelley Simpson said at the F3: Future of Freight Festival.
Eight companies took home Best in Show awards at FreightWaves’ F3: Future of Freight Festival.
The executive envisions a “connected ecosystem” where all capacity and shipments move simultaneously and in real time.
La eficiencia de la red debe ser impulsada por la colaboración, dice el ejecutivo en el evento Future of Supply Chain de FreightWaves
J.B. Hunt showcases its tech-enabled multimodal marketplace to streamline efficiency
Shelley Simpson of J.B. Hunt will be the industry keynote speaker at The Future of Supply Chain.
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J.B. Hunt shares sustainable environmental and social highlights for 2020, but the company’s only emission-reduction target relates to carbon intensity.
The servitization of the trucking industry means there is a need for carriers to have better transparency of their available equipment in order to add new revenue streams.
Three FreightTech companies demonstrated their innovative technology solutions to increase supply chain efficiency during FreightWaves LIVE @HOME on Thursday.
J.B. Hunt’s 360 digital freight-matching platform will play a core role in helping the company and its customers thrive in a historically challenging environment, Simpson says.
J.B. Hunt Transport Services updated its long-term division margin targets on its first-quarter call Thursday.
Not being limited to the modes of a particular carrier or their own private fleet, a business can access more available capacity in the market.
In 2020, J.B. Hunt reported more than 1.2 million loads were processed through its platform, exceeding $1.4 billion in transactions.
J.B. Hunt believes recent winter storms will negatively impact first-quarter operating income by $15 million to $20 million. The company said it had been successful advancing its intermodal service initiatives prior to the storms.
Combining Hunt’s data and Google’s tools will yield differentiated service offerings.
Appearing at an investor conference, J.B. Hunt CEO John Roberts said this year’s intermodal bid season will go a long way in determining whether the company curtails the division’s margin target.
J.B. Hunt Transport Services’ fourth quarter came in better than expected. However, the company said it was reviewing long-term margin targets across all segments. Intermodal margin forecasts may be reduced but other units could see upward revisions.
J.B. Hunt Transport Services’ fourth quarter outpaces analysts’ forecasts. Brokerage, truck and final-mile divisions benefit from revenue surge.
J.B. Hunt Transport Services captures a top spot in FreightWaves’ FreightTech 25 for the third consecutive year.
Management from J.B. Hunt sees the current inventory replenishment cycle sustaining a high freight demand environment through the first quarter of 2021.
“J.B. Hunt 360 is all about creating the most efficient transportation network in North America – which means matching the right shipment with the right truck at the right time,” said McGee.
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Adapting to customers’ and carriers’ needs through innovation is key to the continued growth of J.B. Hunt’s 360 digital freight marketplace platform.
J.B. Hunt Transport Services posts a solid second quarter, besting analysts’ forecast by 31 cents per share.
Digital freight matching has pushed the industry to adapt.
Intermodal is about half the business. It saw its volumes decline but overall grew its revenue.
Simpson talks about legacy transportation companies adapting to change.
Transfix is reportedly trying to raise a Series D that values the company at 10x gross revenues.
Load matching app keeps focus on drivers as it includes detention charging, terminal feedback ability.
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Venture to allow Hunt customers to access all truck carriers on one interface
A Goldman Sachs report several months ago laid out the strengths of the app that matches loads, but does a lot more than that.
Also in the pickup: vets get a shot at free CDL training; another dispatch from the parking wars
If you are a small fleet or an owner-operator, discounted products are often just a dream. J.B. Hunt is looking to change that.
In the last round of live technology demonstrations at MarketWaves 18, companies showed off products that automated document imaging and processing, matching loads to trucks, financing the supply chain, and creating price discovery for air cargo.
