Business Description

J.B. Hunt Transport Services, incorporate provides logistics solutions. Johnnie Bryan Hunt Sr. and Johnelle D. Hunt started the company. It is located in Lowell AR. It operates in the following areas: Integrated Capacity Solutions, Intermodal, Dedicated Contract Services, and Truckload. The DCS segment provides last-mile delivery services and private fleet conversion. JBI provides intermodal freight services to rail carriers. The ICS segment engages in the single-source logistics management for those clients outsourcing their transport. It offers refrigerated, flatbed, and expedited freight services. JBT handles dry-van, full load freight which is transported through highways and roads.

Key Financials

Revenue (US$ Mn):

• J.B. Hunt Transport Services, Inc’s annual revenue for 2021 was US$ 9,637 Mn, a 5.15% increase from 2020
• From 2019’s annual revenues, J.B. Hunt Transport Services, Inc registered a 6.38% increase in 2020, amounting to US$ 9,165 Mn
• Total revenue of US$ 8,615 Mn was generated in 2019 by J.B. Hunt Transport Services Inc

Operating Income (US$ Mn):

• The operating income generated by J.B. Hunt Transport Services, Inc in 2021 was US$ 1,000 Mn
• At a 7.78% increase from, J.B. Hunt Transport Services, Inc’s operating income of US$ 734 Mn was indexed in 2020
• J.B. Hunt Transport Services, incorporate generated an operating income of US$ 681 Mn in 2019

Net Income (US$ Mn):

• The net income generated by J.B. Hunt Transport Services, Inc in 2021 was US$ 500 Mn
• At a 5.31% increase from, J.B. Hunt Transport Services,  Inc’s net income of US$ 516 Mn was indexed in 2020
• J.B. Hunt Transport Services, Inc generated a net income of US$ 490 Mn in 2019

Operating Margin %:

• The operating margin generated by J.B. Hunt Transport Services, Inc in 2021 was 7%
• At a 1.27% increase from, J.B. Hunt Transport Services, Inc an operating margin of 8% was indexed in 2020
• J.B. Hunt Transport Services, Inc generated an operating margin of 8% in 2019

Gross Margin %:

• The gross margin generated by J.B. Hunt Transport Services, Inc in 2021 was 15%
• At a 3.8% increase, J.B. Hunt Transport Services, Inc’s gross margin of 16% was indexed in 2020
• J.B. Hunt Transport Services, Inc generated a gross margin of 16% in 2019

SWOT Analysis

Strengths

Robust operational fleet

JBHT has a large fleet of equipment that it owns. The company’s JBI segment managed 96,743 pieces of company-owned trailing equipment across its entire system. This includes 53-foot tall cube containers. The company owned a fleet that included 4,989 company-owned tractors, 570 independent contractor trucks, as well as 6,376 company drivers. The DCS segment managed 10,542 company trucks, 505 customer trucks, and 40 independent contractor trucks.

It also owns 20,860 units of trailing equipment and 7,258 customer-owned trucks. ICS has 37 remote branches and on-site logistics personnel who are in direct contact with customers. The segment’s carrier base was 84,400 units. The JBT segment had 845 company-owned tractors and 986 independent contractors as of December 2019. JBHT can access key markets and improve the quality of its delivery service by having a strong fleet. It gives the company a competitive edge over its competitors.

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