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J.B. Hunt

FMCSA to expand crash preventability program

Federal regulators are moving ahead on transitioning into a long-term crash preventability determination program by seeking comment on expanding the types of crashes that carriers can have removed from a government database that evaluates their safety. U.S. Department of Transportation Secretary Elaine Chao announced at the Mid-America Trucking Show in March plans to make permanent …

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Morgan Stanley cuts transports price targets, says ‘second-derivative trade’ is on

This morning (July 8) Morgan Stanley’s transports equities analysts cut their 12-month price targets for most of the companies they cover, but said that following the release of second quarter earnings it may be time to invest in the cyclical stocks again. The analyst team, led by Ravi Shanker, expects second quarter results for transportation …

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U.S. Senators propose 65-mph truck speed limiters

A proposal to limit the speed of heavy trucks to 65 mph proposed earlier this year by truck safety groups has been taken up by two U.S. Senators. “The Cullum Owings Large Truck Safe Operating Speed Act of 2019,” introduced on June 27 by Johnny Isakson (R-Georgia) and Chris Coons (D-Delaware), would require new commercial …

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BofAML shipper survey: capacity will stay loose, rates will stay flat

Bank of America – Merrill Lynch (BofAML) released the 181st edition of its Truckload Diffusion Indicator, a survey that aggregates and analyzes shipper sentiment toward truckload markets. Shippers believe that trucking rates are nearing their bottom. In the current survey, 33 percent of shippers said they expect rates to continue falling, down from 53 percent …

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Campbell Soup: A Shipper of Choice that offers carriers a seat at the table

Campbell Soup (NYSE:CPB ) wants trucks be in and out of its distribution centers within 30 minutes. Campbell, ranked number 7 in FreightWaves’ 2019 Shipper of Choice award , conducted in partnership with Convoy , has helped achieve that efficiency by turning to the carriers themselves for input on new distribution centers. “They’ve given input …

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Carrier drug survey reveals need to “purge” 300,000 drivers

Data comparing pre-employment drug tests of truck driver applicants found evidence that thousands of habitual drug users are slipping through the federal drug screening system. Compiled by the Alliance for Driver Safety & Security (known as the Trucking Alliance), whose members include major truckload operators J.B. Hunt [NASDAQ: JBHT ], U.S. Xpress [NYSE: USX ] …

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Port Report: Draft restrictions push Panama Spread to unseasonal high

A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for U.S. East Coast-bound cargo. Starting next week, the Panama Canal Authority will reduce the maximum allowable draft for the largest of ships that use the …

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Plug and Play partners with Walmart, Tyson and J.B. Hunt on supply chain and logistics accelerator in Northwest Arkansas

The Plug and Play tech center is opening a new supply chain and logistics accelerator program in Bentonville, Arkansas, the center announced on May 14. The program will bring startups from around the world to a region that is home to the program’s three founding partners – J.B. Hunt, Tyson and Walmart – along with …

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J.B. Hunt launches new drop trailer program 360box

J.B. Hunt (NASDAQ: JBHT) announced the launch of a drop trailer program called J.B. Hunt 360box that will give small carriers using the app access to drop and hook freight. This summer, 500 trailers will be made available for shippers to reserve, and carriers can bid on moving those trailers through J.B. Hunt’s carrier app.  …

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