J.B. Hunt Transport Breaks Ground for New Terminal Facility
26 October 1999
J.B. Hunt Transport Breaks Ground for New Terminal Facility
LOWELL, Ark.--Oct. 26, 1999--J.B. Hunt Transport Services, Inc., the transportation logistics company, announces plans to open a terminal in Phoenix, Arizona. The 14-acre facility, of approximately 16,000 square feet, will be equipped with a number of driver conveniences including showers, break room, phones, vending machines, laundry facilities, and fuel. The terminal, scheduled to be completed during the first quarter of 2000, will contain a full service maintenance facility consisting of seven bays to accommodate both tractor and trailer repairs."J.B. Hunt is very excited about the opening of the new terminal in Phoenix, Arizona," said Kirk Thompson, President and Chief Executive Officer of J.B. Hunt Transport. "With the large customer base in the Phoenix area, we believe that our broad range of transportation solutions combined with our clean equipment, professional drivers and state-of-the-art technology, will be a natural fit for the supply chain population in Phoenix."
The new facility will allow for a broader base of over-the-road drivers to be domiciled, provide greater flexibility to our customers in this region and further compliment the existing intermodal ramp operation and its base of dedicated drivers.
J.B. Hunt Transport Services, Inc., is a diversified transportation logistics company with revenues exceeding $1.8 billion. Headquartered in Lowell, Arkansas, the company operates over 9,000 trucks, 35,000 trailers and containers, and employs approximately 14,000 people. Using an integrated transportation logistics platform to provide solutions for their customers, J.B. Hunt provides services in Logistics Management, Dedicated Contract Services, Truck and Intermodal.
This announcement contains forward-looking or predictive statements which are based on information currently available. Actual results may differ materially from those currently anticipated by company management. A number of factors and events not within the company's control could have a material impact on future financial results and were discussed in Item 7 of the Company's Annual Report on Form 10-K for the year ended December 31, 1998. If rail service outages and delays continue, these may have significant adverse effects upon intermodal service profitability. In addition, driver availability and retention, shipper demand for intermodal service and the cost of operationally separating truck and intermodal business could vary from management's expectations.
