J.B. Hunt Launches Marketplace for J.B. Hunt 360
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced at its annual shareholders meeting today the launch of Marketplace for J.B. Hunt 360™, the latest component of its next-generation supply chain solution that brings shippers and carriers together into a single e-commerce platform. Marketplace and the continued development of J.B. Hunt 360 are a result of the company’s investment in solutions that revolutionize the current supply chain process. To continue this effort, J.B. Hunt also announced it will dedicate more than $500 million over the next five years to enhancing its operating systems, developing cloud infrastructure, and creating innovative and disruptive technologies. To support this transformation, the company has doubled its engineering and technology talent.
“Technology is a huge force propelling us into the future,” said John Roberts, president and CEO of J.B. Hunt. “Customers are demanding greater visibility and information into their supply chain in real time. J.B. Hunt 360 is our comprehensive solution to meet that demand, combining J.B. Hunt’s 55 years of operational excellence with the latest technology available in the industry.”
Marketplace will connect shippers and carriers in J.B. Hunt 360 by using real-time data and artificial intelligence to match freight with capacity, pairing the right load with the right carrier to create efficiency and cost savings. As carriers make instant offers on available loads, shippers will be provided true market pricing of shipments. The system will automate carrier selection based on preference, ratings and reviews, and other factors. Marketplace is backed by the company’s contracted carriers with a combined capacity of more than one million trucks. Additional capabilities will be added to J.B. Hunt 360 throughout 2017, including interactive voice-command/response, real-time load recommendations, and automation tools for both shippers and carriers. The platform’s predictive analytics will provide more precise delivery times, resulting in better customer service and smarter decision making. J.B Hunt 360 is accessible online and through specialized applications for shippers and carriers available in the iTunes and Google Play app stores.
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.