Market Summary
USD189.96-3.72
Market Closed-1.92%
JBHT Alerts
JBHT Stock Price
JBHT RSI Chart
JBHT Valuation
JBHT Price/Sales (Trailing)
JBHT Profitability
JBHT Fundamentals
JBHT Revenue
JBHT Earnings
Price Action
52 Week Range
155.91209.21
(Low)(High)
Last 7 days
2.3%
Last 30 days
1.1%
Last 90 days
9.7%
Trailing 12 Months
16.2%
JBHT Financial Health
JBHT Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for JBHT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-11 | THOMPSON JAMES K | gifted | - | - | -300 | chairman of the board |
2023-08-18 | McGee Eric | sold | -76,104 | 190 | -400 | evp highway services |
2023-08-02 | Field Darren P. | sold | -510,886 | 204 | -2,500 | evp and president intermodal |
2023-08-01 | Simpson Shelley | sold (taxes) | -261,157 | 203 | -1,281 | president |
2023-08-01 | Simpson Shelley | acquired | - | - | 2,888 | president |
2023-08-01 | Hicks Bradley W. | sold (taxes) | -53,413 | 203 | -262 | evp of people & pres hwy svcs |
2023-08-01 | Hicks Bradley W. | acquired | - | - | 577 | evp of people & pres hwy svcs |
2023-07-31 | Keefauver David | sold | -100,160 | 205 | -488 | evp of dcs |
2023-07-26 | McGee Eric | sold | -62,779 | 202 | -310 | evp highway services |
2023-07-25 | Hicks Bradley W. | sold | -99,320 | 198 | -500 | evp of people & pres hwy svcs |
Which funds bought or sold JBHT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 3.3 | 2,100 | 34,034 | 0.01% |
2023-08-30 | Western Wealth Management, LLC | new | - | 215,068 | 215,068 | 0.02% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 438 | 3,262 | -% |
2023-08-24 | Alberta Investment Management Corp | reduced | -25.47 | -92,473 | 307,751 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 61.00 | 1,991 | -% |
2023-08-22 | COMERICA BANK | new | - | 31,000 | 31,000 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 1,000 | 7,000 | -% |
2023-08-21 | BOKF, NA | reduced | -1.82 | 43,667 | 3,403,730 | 0.07% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -1.07 | 131,000 | 6,485,000 | 0.06% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 15,025 | 15,025 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
JBHT Alerts
Schedule 13G FIlings of J B Hunt Transport Services
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | t. rowe price investment management, inc. | 5.0% | 5,228,456 | SC 13G | |
| Feb 14, 2023 | price t rowe associates inc /md/ | 4.5% | 4,693,451 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.61% | 9,946,716 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 6.1% | 6,285,384 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 7.8% | 8,218,767 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 9.16% | 9,620,809 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 5.6% | 5,886,253 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 8.9% | 9,504,791 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.33% | 9,858,754 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 5.95% | 6,287,808 | SC 13G/A |
Recent SEC filings of J B Hunt Transport Services
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 12, 2023 | 4 | Insider Trading | |
| Aug 21, 2023 | 4 | Insider Trading | |
| Aug 18, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 02, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 02, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 31, 2023 | 4 | Insider Trading | |
| Jul 27, 2023 | 10-Q | Quarterly Report |
JBHT Fair Value
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Peers (Alternatives to J B Hunt Transport Services)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
UNP | 129.8B | 24.8B | -4.91% | -0.14% | 19.28 | 5.24 | 5.71% | -1.71% |
UBER | 94.9B | 35.0B | 4.30% | 47.82% | -253.77 | 2.71 | 39.66% | 96.28% |
CSX | 63.2B | 15.1B | 1.95% | 6.96% | 15.38 | 4.19 | 8.10% | 4.39% |
ODFL | 44.6B | 6.0B | 1.18% | 60.85% | 34.88 | 7.49 | -0.41% | 3.02% |
JBHT | 20.1B | 13.9B | 1.08% | 16.15% | 23.38 | 1.45 | -0.84% | -8.79% |
| MID-CAP | ||||||||
SAIA | 10.4B | 2.7B | -4.08% | 109.78% | 30.88 | 3.79 | 3.80% | -1.74% |
KNX | 8.5B | 6.8B | -6.70% | 9.55% | 16.65 | 1.25 | -5.75% | -42.48% |
ARCB | 2.4B | 4.8B | -9.13% | 35.89% | 9.96 | 0.49 | 3.59% | -21.02% |
LSTR | - | 6.3B | -2.13% | 29.72% | - | - | -17.37% | -24.72% |
SNDR | 5.0B | 6.0B | -3.35% | 35.10% | 12.25 | 0.84 | -5.86% | -11.72% |
WERN | 2.6B | 3.3B | -6.08% | 4.83% | 14.18 | 0.77 | 8.60% | -32.35% |
| SMALL-CAP | ||||||||
HTLD | 1.2B | 1.3B | 2.95% | 9.99% | 20.35 | 0.97 | 97.85% | -56.47% |
MRTN | 1.6B | 1.2B | -7.26% | 1.52% | 17.46 | 1.32 | 8.43% | -12.98% |
ULH | 658.3M | 1.8B | -9.99% | -22.19% | 5.05 | 0.36 | -7.62% | 15.19% |
USX | 320.1M | 2.1B | 0.99% | 129.10% | -5.2 | 0.15 | 6.04% | -10727.07% |
J B Hunt Transport Services News
Returns for JBHT
Cumulative Returns on JBHT
10.9%
10-Year Cumulative Returns
14.3%
7-Year Cumulative Returns
11.1%
5-Year Cumulative Returns
14.4%
3-Year Cumulative Returns
Risks for JBHT
What is the probability of a big loss on JBHT?
63.9%
Probability that J B Hunt Transport Services stock will be more than 20% underwater in next one year
31.5%
Probability that J B Hunt Transport Services stock will be more than 30% underwater in next one year.
0%
Probability that J B Hunt Transport Services stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does JBHT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if J B Hunt Transport Services was unfortunately bought at previous high price.
Drawdowns
Financials for J B Hunt Transport Services
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -4.8% | 13,850 | 14,555 | 14,814 | 14,661 | 13,968 | 13,039 | 12,168 | 11,409 | 10,737 | 9,974 | 9,637 | 9,350 | 9,240 | 9,356 | 9,165 | 9,033 | 8,879 | 8,756 | 8,615 | 8,287 | 7,921 |
| Costs and Expenses | -4.7% | 12,658 | 13,280 | 13,482 | 13,289 | 12,684 | 11,867 | 11,123 | 10,478 | 9,904 | 9,208 | 8,923 | 8,639 | 8,538 | 8,636 | 8,431 | 8,381 | 8,221 | 8,076 | 7,934 | 7,583 | 7,226 |
| S&GA Expenses | 0.7% | 240 | 238 | 215 | 213 | 200 | 188 | 196 | 191 | 183 | 180 | 180 | 183 | 190 | 192 | 192 | 192 | 185 | 176 | 163 | 163 | 150 |
| EBITDA | -100.0% | - | 1,948 | 1,978 | 1,987 | 1,871 | 1,741 | 1,603 | 1,482 | 1,377 | 1,301 | 1,241 | 1,233 | 1,220 | 1,232 | 1,235 | 1,137 | 1,125 | 1,131 | 1,117 | 1,129 | 1,106 |
| EBITDA Margin | -100.0% | - | 0.13* | 0.13* | 0.14* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.13* | 0.14* | 0.14* |
| Interest Expenses | 3.3% | 55.00 | 53.00 | 51.00 | 49.00 | 48.00 | 47.00 | 46.00 | 47.00 | 47.00 | 48.00 | 48.00 | 51.00 | 52.00 | 54.00 | 55.00 | 52.00 | 49.00 | 44.00 | 40.00 | 35.00 | 34.00 |
| Earnings Before Taxes | -6.9% | 1,138 | 1,222 | 1,281 | 1,323 | 1,237 | 1,126 | 1,000 | 884 | 786 | 719 | 666 | 661 | 653 | 669 | 681 | 600 | 609 | 636 | 641 | 669 | 661 |
| EBT Margin | -100.0% | - | 0.08* | 0.09* | 0.09* | 0.09* | 0.09* | 0.08* | 0.08* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | 0.08* | 0.08* |
| Net Income | -7.1% | 858 | 924 | 969 | 1,010 | 941 | 858 | 761 | 673 | 598 | 548 | 506 | 497 | 490 | 502 | 516 | 460 | 473 | 491 | 490 | 786 | 755 |
| Net Income Margin | -100.0% | - | 0.06* | 0.07* | 0.07* | 0.07* | 0.07* | 0.06* | 0.06* | 0.06* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.06* | 0.05* | 0.05* | 0.06* | 0.06* | 0.09* | 0.10* |
| Free Cashflow | -100.0% | - | 280 | 236 | 147 | 31.00 | 3.00 | 276 | 430 | 449 | 558 | 384 | 380 | 490 | 333 | 244 | 206 | 26.00 | 30.00 | 92.00 | 129 | 179 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 5.9% | 8,248 | 7,790 | 7,787 | 7,432 | 7,253 | 7,032 | 6,794 | 6,513 | 6,323 | 6,163 | 5,928 | 5,779 | 5,554 | 5,380 | 5,471 | 5,386 | 5,421 | 5,327 | 5,092 | 4,722 | 4,589 |
| Current Assets | 7.5% | 2,138 | 1,989 | 2,212 | 2,152 | 2,282 | 2,270 | 2,313 | 2,265 | 2,209 | 2,132 | 1,842 | 1,729 | 1,545 | 1,398 | 1,481 | 1,383 | 1,384 | 1,438 | 1,503 | 1,342 | 1,307 |
| Cash Equivalents | 462.6% | 296 | 53.00 | 52.00 | 84.00 | 124 | 145 | 356 | 530 | 571 | 553 | 313 | 319 | 275 | 48.00 | 35.00 | 75.00 | 7.00 | 52.00 | 8.00 | 8.00 | 15.00 |
| Inventory | - | - | - | 41.00 | - | - | - | 25.00 | - | - | - | 24.00 | - | - | - | 21.00 | - | - | - | 22.00 | - | - |
| Net PPE | 5.5% | 5,484 | 5,198 | 4,980 | 4,708 | 4,448 | 4,234 | 4,068 | 3,855 | 3,718 | 3,651 | 3,689 | 3,682 | 3,626 | 3,618 | 3,621 | 3,650 | 3,678 | 3,540 | 3,445 | 3,242 | 3,142 |
| Goodwill | - | - | - | 120 | - | - | - | 101 | - | - | - | 105 | - | - | - | 96.00 | - | - | - | 40.00 | - | - |
| Liabilities | - | - | - | 4,120 | - | - | - | 3,677 | - | - | - | 3,328 | - | - | - | 3,204 | - | - | - | 2,990 | - | - |
| Current Liabilities | 3.8% | 1,769 | 1,704 | 1,568 | 1,501 | 1,870 | 1,785 | 1,730 | 1,645 | 1,228 | 1,166 | 1,085 | 1,095 | 971 | 909 | 1,036 | 1,075 | 1,062 | 998 | 1,352 | 1,213 | 1,159 |
| LT Debt, Current | 0.0% | 250 | 250 | - | - | 350 | 351 | 356 | 355 | - | - | - | - | - | - | - | - | - | - | 251 | 249 | 249 |
| LT Debt, Non Current | 20.5% | 1,195 | 992 | 1,262 | 1,244 | 946 | 946 | 945 | 945 | 1,303 | 1,301 | 1,305 | 1,303 | 1,307 | 1,303 | 1,296 | 1,293 | 1,372 | 1,285 | 898 | 821 | 756 |
| Shareholder's Equity | 3.0% | 3,912 | 3,797 | 3,667 | 3,505 | 3,325 | 3,254 | 3,118 | 2,922 | 2,799 | 2,722 | 2,600 | 2,487 | 2,391 | 2,282 | 2,267 | 2,194 | 2,135 | 2,204 | 2,101 | 2,081 | 2,033 |
| Retained Earnings | - | - | - | 6,424 | - | - | - | 5,621 | - | - | - | 4,985 | - | - | - | 4,593 | - | - | - | 4,188 | - | - |
| Additional Paid-In Capital | - | - | - | 500 | - | - | - | 448 | - | - | - | 408 | - | - | - | 374 | - | - | - | 340 | - | - |
| Accumulated Depreciation | -0.9% | 2,940 | 2,966 | 3,020 | 2,972 | 2,846 | 2,716 | 2,613 | 2,496 | 2,390 | 2,302 | 2,220 | 2,160 | 2,104 | 2,064 | 2,020 | 1,965 | 1,958 | 1,914 | 1,884 | 1,823 | 1,782 |
| Shares Outstanding | -0.2% | 104 | 104 | 104 | 104 | 104 | 105 | 105 | 105 | 106 | 106 | 106 | 106 | 106 | 106 | 106 | 107 | 107 | 109 | 109 | 109 | 109 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 5.9% | 2,090 | 1,973 | 1,777 | 1,609 | 1,340 | 1,151 | 1,224 | 1,182 | 1,152 | 1,238 | 1,123 | 1,072 | 1,132 | 1,097 | 1,098 | 1,248 | 1,165 | 1,077 | 1,088 | 1,004 | 941 |
| Share Based Compensation | 0.2% | 78.00 | 78.00 | 78.00 | 74.00 | 70.00 | 66.00 | 62.00 | 59.00 | 58.00 | 58.00 | 61.00 | 60.00 | 59.00 | 58.00 | 53.00 | 52.00 | 50.00 | 49.00 | 47.00 | 45.00 | 41.00 |
| Cashflow From Investing | -10.6% | -1,718 | -1,553 | -1,550 | -1,501 | -1,301 | -1,167 | -877 | -675 | -609 | -570 | -612 | -567 | -494 | -621 | -803 | -985 | -1,105 | -1,018 | -886 | -781 | -838 |
| Cashflow From Financing | 61.1% | -198 | -510 | -530 | -552 | -485 | -392 | -304 | -295 | -246 | -163 | -231 | -260 | -369 | -478 | -266 | -194 | -68.52 | -13.55 | -208 | -222 | -94.67 |
| Dividend Payments | 1.1% | 170 | 168 | 167 | 157 | 147 | 137 | 124 | 121 | 118 | 115 | 114 | 113 | 113 | 112 | 112 | 110 | 109 | 107 | 105 | 104 | 103 |
| Buy Backs | -43.5% | 145 | 256 | 300 | 315 | 304 | 221 | 152 | 154 | 104 | 23.00 | 93.00 | 125 | 161 | 351 | 276 | 276 | 290 | 134 | 150 | 100 | - |
JBHT Income Statement
2023-06-30Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Operating revenues, excluding fuel surcharge revenues | $ 3,132,623 | $ 3,837,532 | $ 6,362,212 | $ 7,326,120 |
| Operating expenses: | ||||
| Rents and purchased transportation | 1,404,586 | 1,920,823 | 2,872,384 | 3,758,163 |
| Salaries, wages and employee benefits | 821,876 | 841,825 | 1,646,875 | 1,605,416 |
| Fuel and fuel taxes | 171,846 | 265,636 | 367,680 | 455,102 |
| Depreciation and amortization | 179,972 | 157,571 | 355,784 | 306,334 |
| Operating supplies and expenses | 128,949 | 126,383 | 257,308 | 233,322 |
| Insurance and claims | 63,893 | 87,258 | 134,221 | 133,389 |
| General and administrative expenses, net of asset dispositions | 61,472 | 59,764 | 121,879 | 97,209 |
| Operating taxes and licenses | 18,951 | 16,323 | 37,058 | 32,073 |
| Communication and utilities | 10,366 | 8,866 | 20,822 | 17,735 |
| Total operating expenses | 2,861,911 | 3,484,449 | 5,814,011 | 6,638,743 |
| Operating income | 270,712 | 353,083 | 548,201 | 687,377 |
| Net interest expense | 14,604 | 12,842 | 29,393 | 25,429 |
| Earnings before income taxes | 256,108 | 340,241 | 518,808 | 661,948 |
| Income taxes | 66,556 | 84,899 | 131,488 | 163,282 |
| Net earnings | $ 189,552 | $ 255,342 | $ 387,320 | $ 498,666 |
| Weighted average basic shares outstanding (in shares) | 103,562 | 104,252 | 103,643 | 104,572 |
| Basic earnings per share (in dollars per share) | $ 1.83 | $ 2.45 | $ 3.74 | $ 4.77 |
| Weighted average diluted shares outstanding (in shares) | 104,566 | 105,387 | 104,647 | 105,729 |
| Diluted earnings per share (in dollars per share) | $ 1.81 | $ 2.42 | $ 3.70 | $ 4.72 |
| Service Excluding Fuel Surcharge [Member] | ||||
| Operating revenues, excluding fuel surcharge revenues | $ 2,707,560 | $ 3,159,759 | $ 5,450,070 | $ 6,201,976 |
| Fuel Surcharge [Member] | ||||
| Operating revenues, excluding fuel surcharge revenues | $ 425,063 | $ 677,773 | $ 912,142 | $ 1,124,144 |
JBHT Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 295,929 | $ 51,927 |
| Trade accounts receivable, net | 1,286,244 | 1,528,075 |
| Prepaid expenses and other | 555,407 | 631,776 |
| Total current assets | 2,137,580 | 2,211,778 |
| Property and equipment, at cost | 8,424,327 | 7,999,480 |
| Less accumulated depreciation | 2,940,246 | 3,019,663 |
| Net property and equipment | 5,484,081 | 4,979,817 |
| Goodwill and intangible assets, net | 226,646 | 236,390 |
| Other assets | 399,425 | 358,597 |
| Total assets | 8,247,732 | 7,786,582 |
| Current liabilities: | ||
| Current portion of long-term debt | 249,844 | 0 |
| Trade accounts payable | 767,428 | 798,776 |
| Claims accruals | 492,222 | 452,149 |
| Accrued payroll | 119,898 | 188,252 |
| Other accrued expenses | 139,132 | 129,054 |
| Total current liabilities | 1,768,524 | 1,568,231 |
| Long-term debt | 1,195,309 | 1,261,738 |
| Other long-term liabilities | 393,181 | 369,314 |
| Deferred income taxes | 978,795 | 920,531 |
| Stockholders' equity | 3,911,923 | 3,666,768 |
| Total liabilities and stockholders' equity | $ 8,247,732 | $ 7,786,582 |
J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions. It operates 104,973 pieces of company-owned trailing equipment; owns and maintains its chassis fleet of 85,649 units; and manages a fleet of 5,612 company-owned tractors, 582 independent contractor trucks, and 6,943 company drivers. The DCS segment designs, develops, and executes supply chain solutions that support various transportation networks. As of December 31, 2021, it operated 11,139 company-owned trucks, 544 customer-owned trucks, and 6 contractor trucks. The company also operates 21,069 owned pieces of trailing equipment and 7,753 customer-owned trailers. The ICS segment provides freight brokerage and transportation logistics solutions; flatbed, refrigerated, expedited, and less-than-truckload, as well as dry-van and intermodal solutions; an online multimodal marketplace; and logistics management for customers to outsource the transportation functions. The FMS segment offers delivery services through 1,272 company-owned trucks, 272 customer-owned trucks, and 19 independent contractor trucks; and 1,036 owned pieces of trailing equipment and 185 customer-owned trailers. The JBT segment provides dry-van freight services by utilizing tractors and trailers operating over roads and highways through 734 company-owned tractors and 11,172 company-owned trailers. It also transports or arranges for the transportation of freight, such as general merchandise, specialty consumer items, appliances, forest and paper products, food and beverages, building materials, soaps and cosmetics, automotive parts, agricultural products, electronics, and chemicals. The company was incorporated in 1961 and is headquartered in Lowell, Arkansas.