JB HUNT Loosing revenue/growth due to truckload to intermodal conversion

Why do you think "they want out of the trucking industry"? They might be cutting back and downsizing some segments but the trucking/transportation/logistics industry is where they have made all their money in the past so why would they want out.

 

If you read the whole article you will notice that revenue was up in every division except the otr fleet they are not.getting out of trucking one part of the increased operateing expenses they do not mention here is theat the company is in the middle of replaceing the old freightliners at a rapid rate why would they be buying thousands of new trucks if they are getting out of trucking ?

 

JB Hunt is a money making machine.


They are very good at what they do,

and I doubt they are in any trouble.

 

theres oone account i know they are losingmoney on and that would be the whirlpool account

 

They won't for long they will find a way to start makeing money on whirlpool unless whirlpool is the problem that's causing the revenue to drop . They have to sell washers for us to ship them .

 

Sooo does this constitute them as a bad company or this thread just in the wrong spot?

 

No they are not good at what they do ... They are a historic low freight rate company with low profit margins and a driver base similar to Schnieder and Swift.. With low profit margins they repower trucks, swap loads, shut drivers down with electirc logs hours of service.. in other words, even though their rates are low and they should be maximizing their loaded miles/ they operate, in many ways, in a manner that minimizes them ... their yards are full of trucks that aren't being used (over head)... in big yard facilities (overhead).. their turnover is high (expensive) ... they teetered on the edge of bankruptcy many times during the 90s .. Bigger isn't better, the bills still have to be paid, even when you are big.. the tractor, trailer, and insurance bills have to be paid. The only thing that keeps them afloat is being a public company.. operationally, they are very weak. I used to deliver Diesel to their Dallas yard ... sad .. 4pm in the afternoon and their drivers lounge is full. Lots of guys who didn't like goin over 400miles per day in there sluffing off.
There's a reason JB has a bad rep... it's not just talk.

 

If their profits were that low they would not be able to allow me to bobtail back and forth.to the house in between loads every week 90 miles each way its not the 90s anymore the business model is very different and the pay is much higher than it used to be we have many drivers on my account that have been here 15 years or longer you simply don't know what your talking about

 

just under bidded penskefor the account and now realizing it was worth more