At a time when most fleets are cutting back due to weak demand, J.B. Hunt has announced that it plans to add hundreds of trucks to its fleet.
J.B. Hunt plans to put as many as 800 additional trucks on the road in the year to come. The dedicated contract services fleet will grow by 500 to 700 trucks while the truckload service is expected to grow by 100 to 120 trucks. These trucks come in addition to the 83 trucks that J.B. Hunt has already added to its fleet just last quarter.
The aggressive growth strategy is unusual given that companies like Swift, Werner, and Covenant have pulled hundreds of trucks from service because of overcapacity.
J.B. Hunt is the nation’s third largest trucking company with $6.2 billion in revenue last year.
The Wall Street Journal