J.B. Hunt News Updates

About two-thirds of surveyed small carriers reported flat or declining revenue, while fuel, insurance and financing costs squeezed already thin margins.

The Lowell, Ark.-based carrier reported that revenue increased 21% to $3.68 billion from $3.05 billion in the third quarter.

Mubadala Capital is a subsidiary of Mubadala Investment, one of the sovereign wealth funds of the government of Abu Dhabi. The price tag was not disclosed.

Backed by five major trucking companies, President Trump unveiled his Freedom Haulers initiative to automatically transition military veterans into driving careers.

Overroute is the first startup to emerge from a joint venture freight and logistics technology incubator between J.B. Hunt and UP.Labs.

J.B. Hunt executives highlighted how heightened DOT enforcement has accelerated market changes while reporting the company’s second-quarter financial results.

Dedicated carriers can expect a boost from the Montgomery v. Caribe Transport II ruling by the Supreme Court, according to a senior executive at J.B. Hunt.

Ongoing headwinds weighed on trucking in the first quarter, but carriers also pointed to emerging tailwinds. Trucking firms cited better pricing power.

One emerging method involves an organized crew getting one of its members hired as a driver at a legitimate carrier to circumvent industry vetting processes.

J.B. Hunt Transport Services CEO Shelley Simpson described a “meaningfully different” freight environment while reporting first-quarter results April 15.