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11/20/2009 4:00pm EDT |
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The late J.B. Hunt and his wife, Johnelle, founded J.B. Hunt Transport Services Inc., a leader among trucking and logistics companies.
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At a Glance:J.B. Hunt Transport Services Inc. of Lowell was founded in 1961 by the husband-wife team of J.B. and Johnelle Hunt. The trucking and logistics company is now among the largest publicly traded trucking companies in the country. Over its lifetime, the company has led the industry in intermodal transportation and the use of computers. It was one of the first transportation companies to enter the Mexican market. It also expanded into hazardous material hauling, parcel management and logistics management. A landmark intermodal joint-services deal was reached in 1989 between Burlington Northern Santa Fe and J.B. Hunt. Following the agreement, rail freight volume increased by an annual rate of 3.6 percent from 1990-2002, gobbling up the excess capacity built following industry deregulation in 1980 and spawning a free-market model now imitated around the world. The late J.B. Hunt, born in 1927 in Arkansas, retired from day-to-day operations in 1995. At age 79, Hunt died in 2006 in Springdale due to complications from a head injury. Johnelle Hunt retired from the board of directors in 2008. J.B. Hunt Transport has annual revenues of more than $3 billion. The company operates nearly 12,000 trucks and about 60,000 trailers and containers. It employs more than 16,000 people. No. 5 Public Company in Arkansas, No. 601 in Nation In 2008 the company was No. 5 on Arkansas Business' list of the state's top public companies and No. 601 on the Fortune 1000, with revenue of $3.5 billion and income of $213.1 million.
More on J.B. Hunt Transport Services Inc.:
Website: http://www.jbhunt.com
SEC Filings on: J.B. Hunt Transport Services Inc.
Yahoo! Finance on: J.B. Hunt Transport Services Inc.
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