J.B. Hunt Transport Services, Inc. Announces 360box, a New Trailer Pool and Drop-And-Hook Service
May 06 2019 - 11:03AM
Business Wire
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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version on businesswire.com: https://www.businesswire.com/news/home/20190506005474/en/
Joanna BuntenSr. Director Corporate Marketing(479)
361-7800Joanna.Bunten@jbhunt.com
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