J. B. Hunt Transport Services Inc. * USA: Will add 500 to 700 new trucks
* Arkansas - Trucker J.B. Hunt will add to fleet in 2017
--- As weak demand sends new heavy-duty truck orders plummeting, at least one major carrier is planning to put more vehicles on the road... Lowell, Ark.-based J.B. Hunt Transport Services Inc., the third-largest U.S. trucking company by revenue, expects to add 500 to 700 trucks next year to its dedicated contract services business managing fleets for retailers and manufacturers. It will add 100 to 120 trucks to its truckload segment, the operation that includes freight transport for customers in the spot market for trucking service... The growth strategy comes as the rest of industry is cutting back shipping capacity after coping with tepid demand and weak pricing for much of 2016. Orders for heavy-duty commercial trucks in North America dropped 46% in October, a bellwether month for the sector, according to ACT Research... Companies including Swift Transportation Co., Werner Enterprises Inc. and Covenant Transportation Group Inc. said they had pulled hundreds of trucks from service in the third quarter to address overcapacity and falling shipping prices. But J.B. Hunt added 83 trucks last quarter to its truckload segment, where companies sell the full capacity on a tractor-trailer to a single shipper...
(Photo: Bloomberg news - J.B. Hunt Transport Services is the third-largest trucking company in the U.S., based on overall trucking revenue) -- Lowell, ARK, USA - The WSJ, by LORETTA CHAO - Nov. 8, 2016
Labels: trucking industry news USA