Press release
J.B. Hunt Showcases ESG Advancement in New 2022 Sustainability Report
LOWELL, Ark.--(BUSINESS WIRE)-- J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, has
About this update from J.b. Hunt Transport Services, Inc.
[{"type":"text","content":" LOWELL, Ark.--(BUSINESS WIRE)--\nJ.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, has published a report for its subsidiary J.B. Hunt Transport Inc. detailing the company’s progress toward environmental, social, and corporate governance performance.\n\n\n“In 2022, we celebrated some incredible achievements by addressing challenges with energy and creativity while positioning our organization for long-term growth opportunities,” said John Roberts, CEO of J.B. Hunt. “Looking ahead, we remain eager to follow through on our commitments and goals to deliver on our mission to create the most efficient transportation network in North America.”\n\n\nReducing Carbon Emissions\n\n\nOne of the most significant initiatives the company announced last year was setting an ambitious goal to reduce carbon emission intensity 32% by 2034 (with a 2019 baseline). Specifically, J.B. Hunt will focus on three key areas to reach its emission-reduction target: incorporating alternative powered equipment into its fleet, expanding the use of biogenic fuels, and improving fuel economy (diesel powered miles-per-gallon “MPG”). Achieving the company’s ambitious target is dependent on significant progress with the development and availability of new industry technology and the infrastructure needed to safely enable their day-to-day use on an industry-wide scale.\n\n\nJ.B. Hunt also leads the industry in converting over-the-road highway freight to rail intermodal, reducing a shipment’s carbon footprint by an average of 60%. J.B. Hunt operates the largest company-owned intermodal fleet in North America with more than 116,000 53’ containers supported by company-owned chassis and tractors, with plans to expand to as many as 150,000 containers in the next two-to-four years. In 2022, the company avoided an estimated 3.6 million metric tons of CO2e emissions by converting over-the-road loads to intermodal. It also helped company drivers avoid an estimated 3.5 million empty miles through J.B. Hunt 360°®, its multimodal digital freight marketplace.\n\n\nPowered by a People-Focused Culture\n\n\nJ.B. Hunt considers an inclusive workplace essential to fostering company growth and innovation. Throughout 2022 and 2023, J.B. Hunt has earned several national recognitions for its people-focused culture, inc...