Company profile

Future of J.B. Hunt Transport Services

#
Rank
971
| Quantumrun Global 1000

J.B. Hunt Transport Services, Inc. is a trucking and transportation company that was established by Johnnie Bryan Hunt. The company is based in the Northwest Arkansas city of Lowell. J.B. Hunt Transport Services, Inc. was incorporated in Arkansas on August 10, 1961, and initially began with seven refrigerated trailers and five trucks to support the original rice hull business. J.B. Hunt had expanded into the 80th biggest trucking firm in America. Today this company has expanded into one of the biggest transportation companies in America. J.B. Hunt mainly operates large semi-trailer trucks and offers transportation services throughout the continental America, Canada, and Mexico.

Home Country:
Industry:
Trucking, Truck Leasing
Founded:
1961
Global employee count:
19324
Domestic employee count:
18467
Number of domestic locations:

Financial Health

Revenue:
$6555000000 USD
3y average revenue:
$6302666667 USD
Operating expenses:
$5834439000 USD
3y average expenses:
$5613430000 USD
Funds in reserve:
$6377000 USD

Asset Performance

  1. Product/Service/Dept. name
    Specialty retailers
    Product/Service revenue
    1507650000
  2. Product/Service/Dept. name
    Food
    Product/Service revenue
    1245450000
  3. Product/Service/Dept. name
    General merchandise
    Product/Service revenue
    917700000

Innovation assets and Pipeline

Total patents held:
1

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the transportation and logistics/shipping sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, autonomous vehicles in the form of trucks, trains, planes, and cargo ships will revolutionize the logistics industry, allowing cargo to be delivered faster, more efficiently, and more economically.

*This automation will be vital to accommodate the growth in regional and international shipping driven by the economic growth projected for the African and Asian continents—projections that are themselves spurred by their massive population and internet penetration growth forecasts.

*The plummeting price and increasing energy capacity of solid-state batteries will result in a greater adoption of electric-powered commercial aircraft. This shift will lead to significant fuel cost savings for short haul, commercial airlines.

*Significant innovations in aeronautical engine design will reintroduce hypersonic airliners for commercial use that will finally make such travel economical for airlines and consumers.

*Throughout the 2020s, as the e-commerce industry continues to grow in developed and developing countries, postal and shipping services will flourish, less to deliver mail and more to deliver purchased goods.

*RFID tags, a technology used to track physical goods remotely since the 80s, will finally lose their cost and technology limitations. As a result, manufacturers, wholesalers, and retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. Thus, RFID tags, when coupled with the Internet of Things (IoT), will become an enabling technology, enabling the enhanced inventory awareness that will result in significant new investment in the logistics sector.

COMPANY’S FUTURE PROSPECTS

Company Headlines