J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest
supply chain solutions providers in North America, announced today a new
trailer pool and drop-and-hook service, J.B. Hunt 360box, that will
improve the efficiency of freight operations for businesses and carriers.
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J.B. Hunt 360box will soon be available for businesses to reserve as a part of the company’s new trailer pool and drop-and-hook service. (Photo: Business Wire)
Launching this summer, 360box will introduce a pool of 500 additional
53-foot trailers that businesses can reserve for drop trailer purposes,
with plans to accelerate the available units as market demand grows.
Carriers will make offers to transport the trailers using Carrier 360 by
J.B. Hunt, the company’s digital freight matching platform designed to
help carriers save money, spend more time driving, and have an overall
better experience. The new service is a part of J.B. Hunt’s continued
effort to create the most efficient transportation network in North
America.
“360box adds capacity to a customer’s supply chain while moving more
freight in a way that’s efficient for both the customer and the
carrier,” said John Roberts, president and CEO of J.B. Hunt. “Usually
only large carriers with available resources can provide this type of
drop-trailer service. By using our trailers, however, shippers with
consistent freight can now connect with the power of small carriers and
owner operators, which together represent 83% of all drivers.”
By eliminating the immediate need to load and unload trailers, 360box
will prevent the loss in productivity that can occur during a live
delivery such as dock door wait and detention. Drivers simply drop the
trailer in a designated area and go on to their next load. The service
offers shippers flexibility with their freight management, adds capacity
to their supply chain, and provides access to one of the industry’s
largest power-only carrier bases. For carriers, 360box eliminates the
operational cost of maintaining trailers and increases driver
productivity.
“As much as one-third of a driver’s day includes idle time and empty
miles,” said Shelley Simpson, executive vice president and chief
commercial officer of J.B. Hunt. “When considering there are 3.5 million
drivers, that’s a lot of waste. 360box is designed to transform that
inefficiency into productivity, keeping drivers on the move with full
trailers.”
360box trailers will be equipped with technology that provides
end-to-end load tracking and monitoring. The company completed
installation of tracking technology on all 100,000-plus company trailers
and containers in 2018.
J.B. Hunt has a continued commitment to developing innovative solutions
that address the supply chain’s evolving digital needs. In 2017, the
company announced a five-year, $500 million investment dedicated to
creating disruptive technology and enhancing operating systems and
infrastructure. The investment is advancing J.B. Hunt’s ability to see
deeper within the supply chain, add new automation capabilities, and
draw top talent in technology, engineering, data science, and logistics.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500, S&P 500, and
NASDAQ-100 company, provides innovative supply chain solutions for a
variety of customers throughout North America. Utilizing an integrated,
multimodal approach, the company applies technology-driven methods to
create the best solution for each customer, adding efficiency,
flexibility, and value to their operations. J.B. Hunt services include
intermodal, dedicated, refrigerated, truckload, less-than-truckload,
flatbed, single source, final mile, and more. J.B. Hunt Transport
Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and
is a component of the Dow Jones Transportation Average. J.B. Hunt
Transport, Inc. is a wholly owned subsidiary of JBHT. For more
information, visit www.jbhunt.com.
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