J.B. Hunt Transport Services, Inc. Selects ORBCOMM for End-to-End, Fleet-Wide Asset Tracking and Monitoring Solution
February 27 2017 - 4:15PM
Business Wire
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has chosen
ORBCOMM Inc. (NASDAQ: ORBC), a leading global provider of
Machine-to-Machine and Internet of Things communication solutions,
to equip its 90,000-plus intermodal and over-the-road (OTR)
trailing fleets with end-to-end tracking and monitoring.
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ORBCOMM will provide J.B. Hunt a comprehensive telematics
solution that gives visibility to the location and status for
multiple classes of trailing equipment. Each unit will be equipped
with a solar-rechargeable GPS tracking device and a full-length
sensor to determine the presence or absence of cargo inside the
trailing unit. This solution will increase operational efficiency,
reduce cargo theft, and decrease unauthorized use of assets.
“We’ve already identified numerous areas within our operation
where we will see immediate benefits in efficiency,” said Terry
Matthews, executive vice president and president of J.B. Hunt’s
intermodal division. “End-to-end visibility to the entire supply
chain is the new expectation, and as a technology leader in the
industry, we are excited to provide this service to our
customers.”
By fully equipping the nation’s largest 53 foot trailing fleet
with ORBCOMM’s industry-leading products, J.B. Hunt will gain
insight and control over every facet of its operation. The
integration of real-time location and cargo status information into
J.B. Hunt 360, the company’s transportation management system, will
help drive out operational inefficiencies while maximizing customer
visibility into the life cycle of their orders.
“We are pleased to have been selected by J.B. Hunt as their
premier telematics provider and to provide them with a custom
solution for their intermodal and OTR trailing equipment,” said
Marc Eisenberg, ORBCOMM Chief Executive Officer. “During more than
a year of piloting our best-in-class asset tracking and monitoring
solution with J.B. Hunt, we have worked together to find ways to
achieve operational efficiencies, installation optimization, asset
utilization, and ROI benefits for a fleet of J.B. Hunt’s size.”
J.B. Hunt will begin deploying ORBCOMM’s solutions across their
fleet immediately and will continue throughout 2017.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500, S&P 500,
and NASDAQ-100 company, focuses on providing safe and reliable
transportation services to a diverse group of customers throughout
the contiguous United States, Canada, and Mexico. Utilizing an
integrated, multimodal approach, the company provides
capacity-oriented solutions centered on delivering customer value
and industry-leading service. 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.
About ORBCOMM Inc.
ORBCOMM Inc. (NASDAQ: ORBC) is a leading global provider of
Machine-to-Machine (M2M) and Internet of Things (IoT) solutions and
the only commercial satellite network dedicated to M2M. ORBCOMM’s
unique combination of global satellite, cellular and dual-mode
network connectivity, hardware, web reporting applications and
software is the M2M industry’s most complete service offering. Our
solutions are designed to remotely track, monitor, and control
fixed and mobile assets in core vertical markets including
transportation & distribution, heavy equipment, industrial
fixed assets, oil & gas, maritime, mining and government. For
more information, visit www.orbcomm.com.
Forward-Looking Statements
Certain statements discussed in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements generally relate to our plans, objectives and
expectations for future events and include statements about our
expectations, beliefs, plans, objectives, intentions, assumptions
and other statements that are not historical facts. Such
forward-looking statements, including those concerning the
Company’s expectations, are subject to known and unknown risks and
uncertainties, which could cause actual results to differ
materially from the results, projected, expected or implied by the
forward-looking statements, some of which are beyond the Company’s
control, that may cause the Company’s actual results, performance
or achievements, or industry results, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. In addition, specific
consideration should be given to various factors described in Part
I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations,” and elsewhere in our Annual Report on Form 10-K, and
other documents, on file with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly revise
any forward-looking statements or cautionary factors, except as
required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170227006532/en/
J.B. Hunt Transport Services, Inc.Carrie Johnson,
479-361-7710Communications
Managercarrie.johnson@jbhunt.comorORBCOMM Inc.Michelle Ferris,
703-433-6516Director of Corp
Communicationsferris.michelle@orbcomm.com
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