Truck Load Cryptocurrency Reddit

Truck load cryptocurrency reddit

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J.B. Hunt trucks

Through this segment, J.B. Hunt Transport (JHBT) offers full-load, dry van freight.

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The company provides these services through tractors operating over roads and highways.

JHBT picks up freight at the dock or location specified by the shipper. The company then transports the load directly to the consignee’s location.

Truck load cryptocurrency reddit

The company offers JBT services using company-owned tractors and employee drivers or independent contractors willing to haul freight in JBHT’s trailers. The JBT segment operates mainly with 53-foot dry van trailers and standardized tractors.

Competition

J.B.

Truck load cryptocurrency reddit

Hunt Transport (JHBT) faces competition from various small and large operators in the truck segment. Although JBHT competes with a large number of low-scale carriers on a regional basis, it competes with only a few companies in all markets across the US.

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Normally, the JBT segment doesn’t have long-term contracts with clients unlike in the dedicated contract service segment.

The extent of competition can be assessed from the above graph. You can note that the revenues from this segment have actually fallen from $676.0 million in 2008 to $386.0 million in 2015.

Truck load cryptocurrency reddit

This represents a marked fall of 43% over seven years.

Major competitors include Knight Transportation (KNX), Swift Transportation (SWFT), and Landstar System (LSTR). The iShares Transportation Average ETF (IYT) holds 6.76% in JBHT and trucking companies form 11.5% of its portfolio holdings.

In the last decade, JBHT’s management has taken concrete measures to divert focus from the asset-intensive truckload segment to the asset-light Integrated Capacity Services (or ICS) segment.

In response to the shrinking market due to the global meltdown and increased competition, JBHT reduced its company-owned tractor fleet by 35% in 2009.

As of December 31, 2015, the JBT segment operated 1,462 company-owned tractors.

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The company employed 1,847 people, forming 12% of its total staff, including drivers.

In the next part, we will explore J.B. Hunt 360.