Lessons from your fellow execs at 'skittish' JB Hunt
‘Prepared and ready’ but…
BA: NEW LOWS ON THE RADARMAERSK: OUTPERFORMING DSV: WEEKLY UPDATE GM: AUTO WOES HERE TO STAY WMT: FULFILMENT AND MARKETPLACE APPEAL RXO: DOWN TO NEW EQUITY PRICING VALUEAMZN: UK DATA CENTRES INVESTMENTUPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEAL
BA: NEW LOWS ON THE RADARMAERSK: OUTPERFORMING DSV: WEEKLY UPDATE GM: AUTO WOES HERE TO STAY WMT: FULFILMENT AND MARKETPLACE APPEAL RXO: DOWN TO NEW EQUITY PRICING VALUEAMZN: UK DATA CENTRES INVESTMENTUPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEAL
PRESS RELEASE: LOWELL, Ark., March 23, 2020 –J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, today announced that J.B. Hunt Transport, Inc. will provide a one-time bonus of $500 for drivers and personnel at field operations and customer facilities supporting the drivers who have kept the country’s freight moving during the COVID-19 pandemic.
“All of our employees have gone above and beyond the call to action during this crisis. And nearly all of our field-level, front-line employees and certainly all of our drivers are required in person and have upheld the high standards of our company. They have kept pace with the evolving supply chain needs of our customers in the face of great uncertainty,” said John Roberts, president and CEO of J.B. Hunt.
“These bonuses serve as a token of our appreciation for their service and hard work during these
unprecedented times.”
The bonus will be available to eligible employee drivers, as well as field employees and managers in
terminals, intermodal ramps, maintenance shops, Dedicated Contract Service account locations, and Final Mile distribution centers who directly support drivers. The bonus will be paid on March 27.
J.B. Hunt has taken several precautions to prevent the spread of COVID-19. Earlier this month the
company issued a directive to work from home until at least April 3, 2020, for employees whose on-site presence is not required to perform their work. J.B. Hunt has also established internal protocols around travel restrictions, self-quarantining, social distancing, and other safety precautions.
The company is providing employees with hand sanitizer and gloves and established an emergency COVID-19 paid time off policy for employees who are unable to work due to the illness or quarantine.
“The safety and health of all J.B. Hunt employees and their families are of the utmost importance to us. We are very grateful for their dedication to ensure critical supplies reach their destination in these challenging times,” added Roberts.
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