Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

newsworthy

J.B. Hunt CEO to step down

Head of carrier's dedicated unit takes over Jan. 1.

Mark Solomon
By Mark SolomonOct 29, 2010
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
See Full Bio

Truckload and intermodal services giant J.B. Hunt Transport Services announced late Thursday that CEO Kirk Thompson would be stepping down Dec. 31 from the job he has held for 23 years.

Thompson, who will become chairman of J.B. Hunt on Jan.1, will be succeeded as CEO on that date by John N. Roberts III, a 21-year Hunt executive and currently head of the company's dedicated contract services division.

During his tenure, Thompson led the Lowell, Ark.-based giant through its transition from truckload carrier to intermodal services company with strong relationships with the nation's railroads. He also led a major push into dedicated truckload services, the unit his successor now heads.

In its third-quarter results released in mid-October, Hunt reported that its intermodal and dedicated units generated $791 million of the $986 million in total revenue in the quarter.

Analysts said the move had been telegraphed for some time and that the transition should occur with no disruptions.

ArticleTruckingRailTransportation
j.b. huntnovember 2010
ArticleTruckingRailTransportation
j.b. huntnovember 2010

The Latest

chart of port of oakland container traffic
Ports

Port of Oakland import volume approaches pre-pandemic level

office workers using GenAI
Artificial Intelligence

Companies feel growing pressure to invest in GenAI

Worker in warehouse scans item with wearable scanner; in the background is an AMR assisting another worker.
Zebra

Pick the Winning Path

More Stories

port of oakland port improvement plans

Port of Oakland to modernize wharves with $50 million grant

The Port of Oakland has been awarded $50 million from the U.S. Department of Transportation’s Maritime Administration (MARAD) to modernize wharves and terminal infrastructure at its Outer Harbor facility, the port said today.

Those upgrades would enable the Outer Harbor to accommodate Ultra Large Container Vessels (ULCVs), which are now a regular part of the shipping fleet calling on West Coast ports. Each of these ships has a handling capacity of up to 24,000 TEUs (20-foot containers) but are currently restricted at portions of Oakland’s Outer Harbor by aging wharves which were originally designed for smaller ships.

Keep ReadingShow less

Featured

penske truck leasing site with rooftop solar panels
Article

Penske activates solar panels at three truck leasing sites

chart of global supplier capacity
Article

Suppliers report spare capacity for fourth straight month

graphic of coverage areas for US DOT
Article

Trump nominates former Wisconsin Congressman Duffy for DOT

Report: SMEs hopeful ahead of holiday peak
Featured

Report: SMEs hopeful ahead of holiday peak

screen display of GPS fleet tracking

Commercial fleets drawn to GPS fleet tracking, in-cab video

Commercial fleet operators are steadily increasing their use of GPS fleet tracking, in-cab video solutions, and predictive analytics, driven by rising costs, evolving regulations, and competitive pressures, according to an industry report from Verizon Connect.

Those conclusions come from the company’s fifth annual “Fleet Technology Trends Report,” conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals.

Keep ReadingShow less
forklifts working in a warehouse

Averitt tracks three hurdles for international trade in 2025

Businesses engaged in international trade face three major supply chain hurdles as they head into 2025: the disruptions caused by Chinese New Year (CNY), the looming threat of potential tariffs on foreign-made products that could be imposed by the incoming Trump Administration, and the unresolved contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), according to an analysis from trucking and logistics provider Averitt.

Each of those factors could lead to significant shipping delays, production slowdowns, and increased costs, Averitt said.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less
chart of robot use in factories by country

Global robot density in factories has doubled in 7 years

Global robot density in factories has doubled in seven years, according to the “World Robotics 2024 report,” presented by the International Federation of Robotics (IFR).

Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.

Keep ReadingShow less
Copyright ©2024.