J.B. Hunt to Add Trucks in 2017
J.B. Hunt Transport Services Inc. said Nov. 9 that it planned to add 500 to 700 trucks to its dedicated contract solutions unit and 100 to 120 in its truckload division in 2017. Also, it will replace 1,100 trucks.
It made the announcement as part of the company’s updated 2017 financial expectations.
“It appears as if the strategy management has undertaken in 2016, whereby it continues to add assets despite a depressed market to gain share, will continue into 2017. J.B. Hunt remains one of the few, if not the only, playes who can sustainably finance such a strategy thanks to the expansiveness of its operation and margin agreements with railroads [namely the BNSF],” wrote analyst John Larkin with Stifel, Nicolaus & Co. in a note to investors.