-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ftoevctry+a8GhR4WvEC62jHB/tHE14Nf2DvRJd96GQmlX1YflZW4t5Lpj8D6YXC c7PxHEm9JlJXrITWHEdNcw== 0000912057-01-513235.txt : 20010509 0000912057-01-513235.hdr.sgml : 20010509 ACCESSION NUMBER: 0000912057-01-513235 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010507 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUNT J B TRANSPORT SERVICES INC CENTRAL INDEX KEY: 0000728535 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 710335111 STATE OF INCORPORATION: AR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-11757 FILM NUMBER: 1623988 BUSINESS ADDRESS: STREET 1: 615 JB HUNT CORPORATE DR CITY: LOWELL STATE: AR ZIP: 72745 BUSINESS PHONE: 5018200000 8-K 1 a2048105z8-k.txt 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OF 15(D) OF THE SECURITIES ACT OF 1934 DATE OF REPORT: MAY 7, 2001 J.B. HUNT TRANSPORT SERVICES, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ARKANSAS 71-0335111 (STATE OF OTHER JURISDICTION OF (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 615 J.B. HUNT CORPORATE DRIVE 72745 LOWELL, ARKANSAS (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (501) 820-0000 ITEM 7. EXHIBITS. (c) Exhibits (99) Slide Presentation of J.B. Hunt Transport Services, Inc. ITEM 9. REGULATION FD DISCLOSURE. J.B. Hunt Transport Services, Inc. (JBHT) has prepared a slide presentation that it intends to utilize in meetings with investors, stockholders, and analysts. A copy of the slide presentation is filed herewith as Exhibit 99. Certain information in this filing consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning JBHT's future growth, JBHT's projected revenues, JBHT's ability to recruit, train and retain qualified drivers, JBHT's low operational costs, the benefits of JBHT's terminal network, industry challenges generally and the industry challenges that affect JBHT. Such statements are based upon the current beliefs and expectations of JBHT's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. As to JBHT's business and financial performance generally, the following factors, among others, could cause actual results to differ materially from those in forward-looking statements: excess capacity in the trucking industry; significant increases or rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, license and registration fees; difficulty in attracting and retaining qualified drivers and independent contractors, especially in light of the current shortage of qualified drivers; recessionary economic cycles and downturns in customers' business cycles, particularly in market segments and industries (such as retail and automotive) in which JBHT has a significant concentration of customers; a significant reduction in or termination of the Company's trucking services by a key customer; seasonal factors such as harsh weather conditions that increase operating costs; increases in driver compensation to the extent not offset by increases in freight rates; the inability of JBHT to continue to secure acceptable financing arrangements; increases in claims or the cost of insurance; and competition from trucking, rail and intermodal competitors. A discussion of these and other factors that could cause JBHT's results to differ materially from those described in the forward-looking statements can be found in the most recent Annual Reports on Forms 10-K, filed with the Securities and Exchange Commission and available at the Securities and Exchange Commission's internet site (http://www.sec.gov). JBHT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Further, nothing herein shall constitute adoption or approval of any analyst report regarding JBHT, nor any undertaking to update or comment upon analysts' expectations in the future. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. J.B. HUNT TRANSPORT SERVICES, INC. May 7, 2001 By: /S/ KIRK THOMPSON ------------------------------------- Kirk Thompson President and Chief Executive Officer By: /S/ JERRY W. WALTON ------------------------------------- Jerry W. Walton Executive Vice President, Finance and Chief Financial Officer 3 EX-99 2 a2048105zex-99.txt EX-99 [2001 GRAPHIC OMITTED] J.B. HUNT TRANSPORT SERVICES, INC. MAY 2001 [J.B. HUNT LOGO OMITTED] 1 The Perfect Storm o Trucking industry as a whole o What is causing this turmoil? - - Low Freight Volumes - - High Fuel Costs - - High Insurance Costs - - Poor Used Truck Market 2
Morgan Stanley Truckload Freight Index 1994 1995 1996 1997 1998 1999 2000 2001 1997-1999 Average 1-Jan 0.5275 -0.0302 0.3215 0.9461 0.3143 1.2248 0.7054 0.5273 0.5088 -0.0255 0.3006 0.8912 0.2916 1.1936 0.6985 0.4945 0.4914 -0.0258 0.2785 0.8474 0.2884 1.1582 0.7121 0.4714 0.4745 -0.0213 0.2610 0.8124 0.2947 1.1160 0.7280 0.4560 0.4585 -0.0150 0.2444 0.7719 0.3020 1.0703 0.7266 0.4395 8-Jan 0.4403 -0.0154 0.2318 0.7333 0.3134 1.0269 0.7127 0.4262 0.4277 -0.0123 0.2173 0.6574 0.3135 0.9790 0.7031 0.3961 0.4167 -0.0068 0.2048 0.6219 0.3218 0.9208 0.6894 0.3828 0.4041 0.0009 0.1970 0.5834 0.3323 0.8617 0.6663 0.3709 0.3897 0.0038 0.1894 0.5422 0.3361 0.7930 0.6174 0.3559 15-Jan 0.3703 0.0025 0.1726 0.4993 0.3327 0.7331 0.5589 0.3349 0.3516 -0.0053 0.1536 0.4552 0.3335 0.6676 0.5047 0.3141 0.3314 -0.0202 0.1333 0.4196 0.3252 0.6015 0.4489 0.2927 0.3053 -0.0460 0.1138 0.3755 0.3173 0.5390 0.3749 0.2689 0.2812 -0.0634 0.0922 0.3366 0.3121 0.4862 0.2934 0.2470 22-Jan 0.2618 -0.0819 0.0763 0.3185 0.3072 0.4330 0.2064 0.2340 0.2445 -0.1070 0.0572 0.3052 0.2992 0.3845 0.1319 0.2205 0.2294 -0.1278 0.0405 0.2860 0.2827 0.3373 0.0690 0.2030 0.2064 -0.1492 0.0263 0.2485 0.2694 0.2963 -0.0133 0.1814 0.1840 -0.1682 0.0126 0.2177 0.2657 0.2863 -0.0956 0.1653 29-Jan 0.1668 -0.1767 0.0136 0.2056 0.2806 0.2707 -0.1432 0.1666 0.1531 -0.1865 0.0155 0.2052 0.2854 0.2589 -0.1894 0.1687 0.1421 -0.1855 0.0236 0.1971 0.2748 0.2454 -0.2317 0.1652 0.1263 -0.1909 0.0215 0.1757 0.2580 0.2374 -0.2740 0.1517 0.1107 -0.1962 0.0193 0.1578 0.2436 0.2272 -0.3131 0.1403 5-Feb 0.0959 -0.1940 0.0200 0.1433 0.2278 0.2257 -0.3471 0.1304 0.0815 -0.1945 0.0180 0.1675 0.2144 0.2233 -0.3754 0.1333 0.0661 -0.1946 0.0161 0.1548 0.2064 0.2289 -0.3883 0.1258 0.0542 -0.2034 0.0110 0.1376 0.1927 0.2325 -0.4002 0.1138 0.0433 -0.2092 -0.0009 0.1221 0.1778 0.2416 -0.4012 0.0996 12-Feb 0.0350 -0.2094 -0.0137 0.1051 0.1699 0.2531 -0.4035 0.0871 0.0265 -0.2100 -0.0246 0.0901 0.1574 0.2698 -0.3996 0.0743 0.0167 -0.2110 -0.0364 0.0777 0.1404 0.2861 -0.3951 0.0605 0.0122 -0.2092 -0.0434 0.0633 0.1294 0.3019 -0.3911 0.0498 0.0100 -0.2105 -0.0521 0.0506 0.1195 0.3216 -0.3901 0.0394 19-Feb 0.0078 -0.2118 -0.0581 0.0372 0.1178 0.3356 -0.3903 0.0323 0.0082 -0.2149 -0.0639 0.0224 0.1074 0.3386 -0.3802 0.0220 0.0111 -0.2114 -0.0709 0.0176 0.1072 0.3522 -0.3670 0.0180 0.0091 -0.2105 -0.0758 0.0162 0.1118 0.3636 -0.3524 0.0174 0.0065 -0.2069 -0.0734 0.0110 0.1191 0.3547 -0.3384 0.0189 26-Feb 0.0096 -0.2065 -0.0724 0.0046 0.1123 0.3619 -0.3214 0.0148 0.0092 -0.2027 -0.0702 -0.0029 0.1203 0.3769 -0.2984 0.0157 0.0181 -0.1989 -0.0659 -0.0054 0.1314 0.4009 -0.2679 0.0201 0.0273 -0.1774 -0.0592 0.0052 0.1396 0.4255 -0.2442 0.0285 0.0351 -0.1770 -0.0509 0.0129 0.1536 0.4539 -0.2130 0.0385 5-Mar 0.0444 -0.1773 -0.0401 0.0149 0.1692 0.4731 -0.1757 0.0480 0.0513 -0.1798 -0.0258 0.0100 0.1843 0.5003 -0.1396 0.0562 0.0575 -0.1746 -0.0119 0.0159 0.2004 0.5287 -0.1044 0.0681 0.0607 -0.1678 0.0025 0.0290 0.2254 0.5642 -0.0715 0.0857 0.0646 -0.1632 0.0184 0.0515 0.2491 0.6050 -0.0391 0.1064 12-Mar 0.0715 -0.1593 0.0400 0.0716 0.2740 0.6407 -0.0057 0.1285 0.0755 -0.1533 0.0593 0.0808 0.2945 0.6792 0.0283 0.1449 0.0835 -0.1459 0.0802 0.0994 0.3249 0.7187 0.0624 0.1682 0.0910 -0.1352 0.1000 0.1250 0.3524 0.7628 0.0908 0.1925 0.0944 -0.1307 0.1202 0.1500 0.3812 0.7912 0.1244 0.2171 19-Mar 0.1006 -0.1168 0.1474 0.1868 0.4075 0.8238 0.1636 0.2472 0.1035 -0.1036 0.1748 0.2136 0.4350 0.8711 0.1936 0.2745 0.1057 -0.0875 0.2050 0.2371 0.4582 0.9183 0.2223 0.3001 0.1125 -0.0739 0.2297 0.2517 0.4777 0.9596 0.2439 0.3197 0.1210 -0.0594 0.2554 0.2736 0.4905 1.0031 0.2691 0.3398 26-Mar 0.1280 -0.0459 0.2853 0.2968 0.5176 1.0200 0.2896 0.3666 0.1332 -0.0284 0.3155 0.3257 0.5380 1.0492 0.3180 0.3931 0.1332 -0.0129 0.3338 0.3508 0.5697 1.0844 0.3570 0.4181 0.1425 0.0127 0.3537 0.3864 0.6174 1.1315 0.3873 0.4525 0.1530 0.0328 0.3853 0.4268 0.6555 1.1934 0.4033 0.4892 2-Apr 0.1685 0.0504 0.4079 0.4688 0.6747 1.2623 0.4188 0.5171 0.1872 0.0675 0.4317 0.5133 0.6905 1.3259 0.4335 0.5452 0.1959 0.0818 0.4521 0.5380 0.7075 1.3810 0.4483 0.5658 0.2058 0.0867 0.4693 0.5616 0.7222 1.4280 0.4544 0.5843 0.2152 0.0898 0.4870 0.5811 0.7430 1.4627 0.4689 0.6037 9-Apr 0.2251 0.1001 0.5057 0.6055 0.7569 1.4907 0.4887 0.6227 0.2313 0.1091 0.5233 0.6264 0.7689 1.5149 0.5106 0.6396 0.2368 0.1206 0.5405 0.6370 0.7854 1.5436 0.5159 0.6543 0.2427 0.1306 0.5515 0.6582 0.8064 1.5734 0.5211 0.6720 0.2567 0.1400 0.5699 0.6832 0.8246 1.6125 0.5348 0.6926 16-Apr 0.2635 0.1469 0.5808 0.6995 0.8428 1.6392 0.5615 0.7077 0.2699 0.1566 0.5950 0.7239 0.8480 1.6649 0.5943 0.7223 0.2749 0.1627 0.6071 0.7369 0.8663 1.6845 0.6054 0.7368 0.2803 0.1676 0.6216 0.7580 0.8820 1.7007 0.7539 0.2832 0.1714 0.6289 0.7758 0.8917 1.7025 0.7655 23-Apr 0.2840 0.1754 0.6292 0.7902 0.9052 1.7323 0.7748 0.2852 0.1750 0.6282 0.8010 0.9104 1.7425 0.7799 0.2843 0.1756 0.6405 0.8112 0.9088 1.7477 0.7868 0.2793 0.1701 0.6501 0.8117 0.9072 1.7511 0.7896 0.2789 0.1718 0.6542 0.8153 0.9167 1.7511 0.7954 30-Apr 1.0000 0.2753 0.1826 0.6711 0.8295 0.9530 1.7270 0.8179 1.0219 0.2642 0.1958 0.6890 0.8441 0.9803 1.7091 0.8378 1.0468 0.2618 0.2099 0.7102 0.8548 1.0054 1.7045 0.8568 1.0631 0.2577 0.2275 0.7268 0.8687 1.0317 1.7035 0.8757 1.0802 0.2534 0.2432 0.7497 0.8800 1.0545 1.7030 0.8947 7-May 1.0955 0.2488 0.2573 0.7696 0.8937 1.0785 1.7028 0.9139 1.1110 0.2459 0.2737 0.7878 0.9235 1.1100 1.7079 0.9404 1.1291 0.2424 0.2882 0.8077 0.9466 1.1344 1.7062 0.9629 1.1422 0.2359 0.3030 0.8243 0.9605 1.1616 1.6999 0.9821 1.1523 0.2256 0.3169 0.8396 0.9787 1.1876 1.6907 1.0020 14-May 1.1594 0.2239 0.3350 0.8529 0.9989 1.1986 1.6883 1.0168 1.1649 0.2233 0.3525 0.8759 1.0235 1.2242 1.6841 1.0412 1.1737 0.2194 0.3752 0.8986 1.0496 1.2467 1.6837 1.0650 1.1737 0.2109 0.3997 0.9109 1.0720 1.2679 1.6917 1.0836 1.1778 0.2077 0.4214 0.9298 1.1048 1.2957 1.7115 1.1101 21-May 1.1791 0.2041 0.4457 0.9605 1.1480 1.3179 1.7265 1.1421 1.1790 0.2035 0.4673 0.9942 1.1817 1.3340 1.7375 1.1700 1.1829 0.2020 0.4904 1.0179 1.2181 1.3618 1.7694 1.1993 1.1853 0.2027 0.5149 1.0416 1.2415 1.3903 1.7834 1.2245 1.1874 0.2025 0.5413 1.0628 1.2679 1.4232 1.7774 1.2513 28-May 1.1862 0.2031 0.5550 1.0735 1.2979 1.4505 1.7852 1.2740 1.1860 0.2077 0.5707 1.0889 1.3369 1.4878 1.7880 1.3045 1.1854 0.2118 0.5887 1.1100 1.3744 1.5095 1.7979 1.3313 1.1842 0.2158 0.6172 1.1274 1.4056 1.5322 1.8055 1.3551 1.1807 0.2223 0.6364 1.1360 1.4333 1.5542 1.8115 1.3745 4-Jun 1.1788 0.2233 0.6492 1.1471 1.4645 1.5632 1.8237 1.3916 1.1729 0.2255 0.6616 1.1588 1.4909 1.5745 1.8354 1.4081 1.1696 0.2228 0.6782 1.1708 1.5192 1.5792 1.8493 1.4231 1.1717 0.2252 0.6949 1.1786 1.5392 1.5910 1.8691 1.4362 1.1720 0.2239 0.7123 1.1791 1.5581 1.5987 1.8899 1.4453 11-Jun 1.1695 0.2203 0.7237 1.1859 1.5758 1.6161 1.9015 1.4593 1.1675 0.2140 0.7355 1.1843 1.5980 1.6398 1.9143 1.4740 1.1640 0.2126 0.7471 1.1821 1.6176 1.6495 1.9200 1.4831 1.1641 0.2153 0.7576 1.1827 1.6359 1.6685 1.9304 1.4957 1.1615 0.2152 0.7629 1.1871 1.6455 1.6753 1.9337 1.5026 18-Jun 1.1599 0.2146 0.7655 1.1770 1.6402 1.6946 1.9282 1.5039 1.1573 0.2133 0.7748 1.1608 1.6429 1.7096 1.9181 1.5044 1.1547 0.2129 0.7840 1.1472 1.6412 1.7204 1.8841 1.5029 1.1491 0.2106 0.7932 1.1408 1.6548 1.7264 1.8667 1.5073 1.1466 0.2064 0.7944 1.1407 1.6655 1.7294 1.8654 1.5119 25-Jun 1.1430 0.2056 0.8006 1.1518 1.6585 1.7309 1.8450 1.5137 1.1401 0.2028 0.8233 1.1616 1.6492 1.7289 1.8457 1.5132 1.1366 0.2041 0.8464 1.1688 1.6524 1.7524 1.8474 1.5245 1.1333 0.2146 0.8694 1.1793 1.6646 1.7780 1.8565 1.5406 1.1330 0.2270 0.8845 1.1911 1.6706 1.8041 1.8655 1.5553 2-Jul 1.1315 0.2442 0.8945 1.1920 1.6584 1.8310 1.8361 1.5605 1.1339 0.2481 0.8982 1.1854 1.6332 1.8462 1.7955 1.5549 1.1316 0.2544 0.8924 1.1576 1.6108 1.8528 1.7400 1.5404 1.1246 0.2537 0.8794 1.1530 1.5953 1.8559 1.7138 1.5347 1.1213 0.2550 0.8598 1.1574 1.5785 1.8757 1.6919 1.5372 9-Jul 1.1111 0.2529 0.8537 1.1554 1.5535 1.8846 1.6661 1.5312 1.1031 0.2508 0.8478 1.1495 1.5262 1.8779 1.6418 1.5179 1.0876 0.2451 0.8369 1.1405 1.4947 1.8750 1.6183 1.5034 1.0732 0.2419 0.8234 1.1375 1.4676 1.8656 1.5884 1.4902 1.0630 0.2361 0.8150 1.1238 1.4371 1.8608 1.5635 1.4739 16-Jul 1.0490 0.2328 0.8053 1.1088 1.4048 1.8351 1.5244 1.4496 1.0364 0.2255 0.7889 1.0940 1.3646 1.8225 1.4960 1.4271 1.0188 0.2188 0.7672 1.0853 1.3276 1.7960 1.4709 1.4030 1.0038 0.2091 0.7431 1.0714 1.2839 1.7696 1.4343 1.3750 0.9850 0.1940 0.7233 1.0593 1.2370 1.7326 1.3955 1.3430 23-Jul 0.9677 0.1773 0.7009 1.0279 1.1892 1.6930 1.3740 1.3034 0.9508 0.1661 0.6612 0.9949 1.1373 1.6584 1.3341 1.2636 0.9307 0.1477 0.6188 0.9552 1.0861 1.6112 1.2822 1.2175 0.9134 0.1219 0.5764 0.9177 1.0307 1.5636 1.2300 1.1707 0.8965 0.0946 0.5480 0.8852 0.9855 1.5149 1.1903 1.1285 30-Jul 0.8794 0.0731 0.5292 0.8641 0.9604 1.4902 1.1854 1.1049 0.8647 0.0645 0.5189 0.8590 0.9572 1.4581 1.1866 1.0914 0.8460 0.0527 0.5103 0.8710 0.9345 1.4381 1.1866 1.0812 0.8305 0.0426 0.5079 0.8630 0.9225 1.4062 1.1874 1.0639 0.8140 0.0307 0.5067 0.8500 0.9072 1.3585 1.1589 1.0386 6-Aug 0.8051 0.0187 0.4934 0.8399 0.8966 1.3281 1.1307 1.0215 0.7894 0.0112 0.4812 0.8333 0.8743 1.3050 1.1131 1.0042 0.7833 0.0074 0.4694 0.8331 0.8642 1.2805 1.0866 0.9926 0.7743 -0.0021 0.4613 0.8304 0.8633 1.2604 1.0582 0.9847 0.7645 -0.0106 0.4552 0.8294 0.8626 1.2462 1.0347 0.9794 13-Aug 0.7581 -0.0233 0.4462 0.8352 0.8713 1.2332 1.0151 0.9799 0.7497 -0.0295 0.4395 0.8497 0.8863 1.2230 1.0062 0.9863 0.7449 -0.0366 0.4319 0.8631 0.8986 1.2204 0.9901 0.9940 0.7403 -0.0428 0.4300 0.8670 0.9145 1.2114 0.9734 0.9976 0.7401 -0.0429 0.4275 0.8634 0.9245 1.2074 0.9622 0.9984 20-Aug 0.7406 -0.0433 0.4289 0.8760 0.9404 1.2040 0.9529 1.0068 0.7421 -0.0508 0.4338 0.8892 0.9469 1.2022 0.9485 1.0128 0.7426 -0.0530 0.4417 0.9087 0.9599 1.2027 0.9392 1.0238 0.7447 -0.0504 0.4439 0.9239 0.9816 1.2060 0.9284 1.0372 0.7466 -0.0479 0.4469 0.9443 1.0060 1.2190 0.9184 1.0564 27-Aug 0.7486 -0.0510 0.4555 0.9729 1.0297 1.2247 0.8970 1.0758 0.7499 -0.0544 0.4591 1.0064 1.0501 1.2420 0.8880 1.0995 0.7564 -0.0499 0.4788 1.0330 1.0853 1.2757 0.8820 1.1314 0.7679 -0.0395 0.5003 1.0534 1.1067 1.3108 0.8852 1.1570 0.7768 -0.0215 0.5271 1.0750 1.1334 1.3512 0.9125 1.1865 3-Sep 0.7922 0.0008 0.5509 1.0937 1.1649 1.3967 0.9309 1.2184 0.8046 0.0116 0.5637 1.1143 1.1977 1.4496 0.9497 1.2539 0.8134 0.0284 0.5798 1.1322 1.2273 1.5004 0.9591 1.2866 0.8176 0.0501 0.5920 1.1493 1.2401 1.5372 0.9746 1.3089 0.8247 0.0665 0.6044 1.1646 1.2580 1.5694 0.9903 1.3307 10-Sep 0.8337 0.0861 0.6215 1.1808 1.2768 1.6143 1.0071 1.3573 0.8441 0.1094 0.6349 1.1903 1.2971 1.6365 1.0193 1.3746 0.8505 0.1337 0.6557 1.2007 1.3020 1.6611 1.0394 1.3879 0.8590 0.1551 0.6708 1.2189 1.3167 1.6879 1.0616 1.4078 0.8660 0.1750 0.6842 1.2370 1.3405 1.7175 1.0837 1.4317 17-Sep 0.8714 0.1902 0.6987 1.2566 1.3591 1.7423 1.1038 1.4527 0.8762 0.2126 0.7110 1.2769 1.3921 1.7753 1.1174 1.4814 0.8852 0.2362 0.7198 1.2920 1.4099 1.8096 1.1353 1.5038 0.8926 0.2551 0.7291 1.3093 1.4199 1.8489 1.1579 1.5261 0.8990 0.2677 0.7382 1.3228 1.4263 1.8836 1.1809 1.5442 24-Sep 0.9037 0.2756 0.7426 1.3330 1.4288 1.9150 1.2163 1.5590 0.9083 0.2913 0.7559 1.3405 1.4341 1.9348 1.2362 1.5698 0.9107 0.3030 0.7615 1.3591 1.4312 1.9548 1.2606 1.5817 0.9100 0.3061 0.7710 1.3898 1.4427 1.9887 1.2955 1.6070 0.9099 0.2999 0.7775 1.4252 1.4615 2.0264 1.3106 1.6377 1-Oct 0.9061 0.2931 0.7865 1.4656 1.4668 2.0551 1.3462 1.6625 0.9101 0.3048 0.8064 1.4961 1.4843 2.0634 1.3686 1.6813 0.9162 0.3073 0.8194 1.5364 1.4887 2.0741 1.4028 1.6997 0.9245 0.3075 0.8350 1.5762 1.4973 2.0973 1.4242 1.7236 0.9277 0.3126 0.8445 1.6050 1.5044 2.1273 1.4403 1.7456 8-Oct 0.9302 0.3182 0.8493 1.6321 1.5028 2.1440 1.4601 1.7596 0.9328 0.3152 0.8576 1.6660 1.5023 2.1708 1.4759 1.7797 0.9382 0.3050 0.8630 1.6911 1.5112 2.1969 1.4899 1.7997 0.9392 0.3073 0.8654 1.7107 1.5134 2.2291 1.4945 1.8177 0.9391 0.3073 0.8678 1.7332 1.5139 2.2530 1.5024 1.8334 15-Oct 0.9398 0.3069 0.8705 1.7566 1.5179 2.2958 1.5145 1.8568 0.9408 0.2990 0.8738 1.7751 1.5146 2.3143 1.5268 1.8680 0.9397 0.2912 0.8771 1.8026 1.5171 2.3351 1.5377 1.8849 0.9366 0.2859 0.8797 1.8234 1.5193 2.3477 1.5469 1.8968 0.9339 0.2832 0.8833 1.8392 1.5185 2.3575 1.5519 1.9051 22-Oct 0.9313 0.2831 0.8822 1.8554 1.5171 2.3706 1.5509 1.9143 0.9298 0.2757 0.8741 1.8653 1.5136 2.3816 1.5536 1.9202 0.9299 0.2683 0.8642 1.8692 1.5133 2.3848 1.5467 1.9225 0.9283 0.2669 0.8479 1.8655 1.5008 2.3870 1.5337 1.9178 0.9241 0.2748 0.8327 1.8612 1.4865 2.3971 1.5220 1.9149 29-Oct 0.9217 0.2825 0.8227 1.8693 1.4878 2.4115 1.5025 1.9229 0.9153 0.2804 0.8155 1.8880 1.4927 2.4157 1.4936 1.9321 0.9108 0.2778 0.8114 1.9002 1.4890 2.4264 1.4854 1.9386 0.9082 0.2773 0.8032 1.8976 1.4836 2.4336 1.4779 1.9383 0.9050 0.2708 0.7946 1.9069 1.4704 2.4406 1.4683 1.9393 5-Nov 0.9003 0.2642 0.7874 1.9165 1.4663 2.4441 1.4475 1.9423 0.8971 0.2570 0.7849 1.9173 1.4612 2.4552 1.4461 1.9446 0.8929 0.2522 0.7756 1.9142 1.4609 2.4591 1.4425 1.9448 0.8884 0.2390 0.7700 1.9251 1.4484 2.4594 1.4360 1.9443 0.8825 0.2291 0.7640 1.9336 1.4326 2.4624 1.4245 1.9429 12-Nov 0.8782 0.2215 0.7575 1.9344 1.4190 2.4589 1.4004 1.9375 0.8704 0.2175 0.7514 1.9384 1.4136 2.4516 1.3923 1.9345 0.8643 0.2146 0.7481 1.9336 1.4044 2.4460 1.3842 1.9280 0.8611 0.2125 0.7428 1.9335 1.3879 2.4382 1.3742 1.9198 0.8569 0.2081 0.7364 1.9378 1.3774 2.4425 1.3710 1.9192 19-Nov 0.8539 0.2138 0.7337 1.9432 1.3731 2.4436 1.3593 1.9199 0.8465 0.2167 0.7359 1.9499 1.3674 2.4496 1.3573 1.9223 0.8389 0.2186 0.7375 1.9665 1.3670 2.4503 1.3560 1.9279 0.8365 0.2190 0.7423 1.9843 1.3653 2.4357 1.3491 1.9284 0.8415 0.2123 0.7603 1.9943 1.3462 2.3832 1.3215 1.9079 26-Nov 0.8369 0.2032 0.7675 1.9888 1.3154 2.3007 1.2627 1.8683 0.8299 0.1856 0.7684 1.9529 1.2677 2.2300 1.2482 1.8169 0.8015 0.1780 0.7543 1.8864 1.2447 2.2191 1.2380 1.7834 0.7939 0.1691 0.7297 1.8332 1.2245 2.2005 1.2272 1.7527 0.7907 0.1664 0.7097 1.8133 1.2094 2.1678 1.2156 1.7301 3-Dec 0.7873 0.1572 0.7055 1.7908 1.1831 2.1453 1.1862 1.7064 0.7821 0.1465 0.6929 1.7693 1.1497 2.1046 1.1326 1.6745 0.7771 0.1336 0.6801 1.7489 1.1153 2.0613 1.0758 1.6418 0.7677 0.1183 0.6651 1.7166 1.0770 2.0149 1.0291 1.6029 0.7601 0.0994 0.6547 1.6781 1.0321 1.9670 0.9861 1.5591 10-Dec 0.7490 0.0807 0.6374 1.6426 0.9797 1.9117 0.9376 1.5113 0.7384 0.0637 0.6110 1.6023 0.9176 1.8733 0.8887 1.4644 0.7265 0.0447 0.5843 1.5640 0.8725 1.8263 0.8506 1.4209 0.7110 0.0229 0.5588 1.5281 0.8223 1.7789 0.8159 1.3764 0.6940 0.0052 0.5362 1.4910 0.7645 1.7157 0.7850 1.3237 17-Dec 0.6770 -0.0179 0.5156 1.4466 0.7069 1.6545 0.7504 1.2693 0.6631 -0.0371 0.4974 1.3963 0.6533 1.6002 0.7248 1.2166 0.6532 -0.0495 0.4790 1.3401 0.6046 1.5467 0.7188 1.1638 0.6384 -0.0540 0.4609 1.2824 0.5619 1.4992 0.7156 1.1145 0.6213 -0.0499 0.4309 1.2321 0.5211 1.4705 0.7239 1.0746 24-Dec 0.6071 -0.0484 0.4077 1.1762 0.4843 1.4607 0.7401 1.0404 0.5927 -0.0365 0.3761 1.1226 0.4516 1.4696 0.7270 1.0146 0.5967 -0.0308 0.3627 1.0907 0.4230 1.4101 0.7272 0.9746 0.5770 -0.0345 0.3631 1.0731 0.3983 1.3571 0.7296 0.9428 0.5621 -0.0344 0.3630 1.0399 0.3728 1.3152 0.9093 31-Dec 0.5474 -0.0292 0.3449 0.9990 0.3462 1.2564 0.8672
Trucking Failures vs. Average Diesel Price
1995 Trucking Failures 375 370 365 360 355 350 345 359 373 387 401 415 Average Diesel Price $1.09 $1.10 $1.10 $1.11 $1.12 $1.11 $1.11 $1.10 $1.13 $1.15 $1.18 $1.17 1996 Trucking Failures 429 443 495 547 595 539 483 427 370 485 600 638 Average Diesel Price $1.17 $1.16 $1.18 $1.21 $1.23 $1.22 $1.22 $1.21 $1.24 $1.27 $1.30 $1.28 1997 Trucking Failures 676 715 715 715 715 725 681 637 593 550 515 480 Average Diesel Price $1.27 $1.26 $1.23 $1.21 $1.18 $1.17 $1.17 $1.16 $1.17 $1.17 $1.18 $1.15 1998 Trucking Failures 445 410 400 390 380 370 360 350 330 310 314 318 Average Diesel Price $1.12 $1.09 $1.08 $1.07 $1.06 $1.05 $1.04 $1.03 $1.02 $1.01 $1.00 $0.99 1999 Trucking Failures 322 325 308 291 275 297 319 340 327 314 300 407 Average Diesel Price $0.98 $0.98 $1.01 $1.04 $1.08 $1.11 $1.14 $1.18 $1.20 $1.23 $1.26 $1.31 2000 Trucking Failures 514 620 663 706 750 866 982 1098 1214 1330 Average Diesel Price $1.37 $1.42 $1.42 $1.41 $1.41 $1.43 $1.45 $1.47 $1.49 $1.51
4 Insurance o Insurance expenses 2.5% of revenue o Will swell on an average 100 basis points to 3.5-4% of revenue o Conceivably could see expenses exceed 4% of revenue 5 Used Truck Sales [trucks photo omitted] o October 2000 used truck estimate $40,000. o April 2001 same used truck estimate $20,000. 6 2000 JBHT Consolidated EPS Scenarios EPS SCENARIOS WITH JBT DIFFERENCES IN 3Q2000 AND 4Q2000
JBT Desired Operating Ratio 100.8% Through June 2001 100.0% 98.0% 96.0% - ---------------------------------------------------------------------------------------------------------- Revenue (Jul-Dec) 426,832 Revenue 408,870 426,832 426,832 426,832 Total Revenue 833,802 Operating (3,475) 833,802 833,802 833,802 Total Operating Income (7,053) Operating 100.9% 0 16,676 33,352 Operating Income Truck (7,053) 0 16,676 33,352 Operating Income Intermodal 36,669 36,669 36,669 36,669 Operating Income Logistics 5,519 5,519 5,519 5,519 Operating Income DCS 28,415 28,415 28,415 28,415 Operating Income LCG 2,524 2,524 2,524 2,524 Operating Income Other (2,665) (2,665) (2,665) (2,665) ------------------------------------------------------------------ 63,409 70,462 87,138 103,814 Interest Expense 25,747 25,747 25,747 25,747 Equity In Earnings of Assoc Comp 4,777 4,777 4,777 4,777 Earnings Before Tax 42,439 49,492 66,168 82,844 Tax Rate 15.0% 17.25% 20.75% 21.5% Income Taxes 6,366 8,537 13,730 17,811 Net Earnings 36,073 40,955 52,438 65,033 Basic Shares Outstanding 35,313 BASIC EARNINGS PER SHARE 1.02 1.16 1.48 1.84 Diluted Shares Outstanding 35,417 DILUTED EARNINGS PER SHARE 1.02 1.16 1.48 1.84 ANALYST ESTIMATE EPS 1.00 1.00 1.00 1.00
** Assumes improvement in Operating Ratio must come from ONLY cost reduction, and not from utilization, freight mix, rate incr, volume due to revenue being held constant. 7 J.B. Hunt Truck [truck photo omitted] 8 Operation T/C DEFINITION: "KEEP ALL TRAILERS ON THE ROAD AND ALL CONTAINERS ON THE RAIL" 9 Increased Demand on Load Volume o 12.6% increase in capacity due to having more drivers o 8% increase in capacity due to the separation of Van into JBI and JBT o 2.2% increase in capacity due to the DCS growth requiring backhaul freight 22.8% increase in capacity without adding a single JBT tractor 10 Sales Strategy 2 DIMENSION APPROACH o National Accounts - Customers with growth opportunity. o Regional Areas - Diversifying our base with year around new customers. o New Freight Opportunities - Have processed $1.4 B in bids during the 1Q'01 and currently have $1.6 B in house. 11 Driver Hiring Van Hires 1999 vs 2000
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 352 325 310 438 355 326 480 439 421 332 223 262 314 359 567 471 569 511 506 727 668 677 629 586 1030 816 612
12 2001 Asset Strategy
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JBT 6000 6000 5900 5800 5700 5600 5500 5400 5300 5200 5100 5000 DCS 4000 4000 4100 4200 4300 4400 4500 4600 4700 4800 4900 5000
13 About DCS J.B. Hunt Dedicated Contract Services (DCS) provides customized transportation solutions that result in cost effective delivery systems for clients who wish to: [side of truck photo omitted] lower transportation costs reduce liability improve logistics/distribution operations redirect capital back into core business functions. 14 Locations [Map of United States Showing Primary DCS Locations.] 15 Financial History
1996 1997 1998 1999 2000 ------------------------------------------------------------- Revenue ($Mil) 126.9 150.7 211.9 320.0 479.0
16 DCS Service Levels [Graph depicting 99% on-time DCS service level.] 99% 17 CPI vs. DCS Rate per Mile
1996 1997 1998 1999 2000 CPI 156.9 160.5 163 166.6 172 Rate per Mile 1.53 1.57 1.56 1.57 1.59
18 Portfolio Management PROJECT SPOTLIGHT
YTD YTD Neutral PORTFOLIO RANKING Account Region Revenue Margin % Mar-00 Mar-01 YTD L3M COMMENTS C 164,444 1% 5 4 4 12 C 126,501 -6% 5 5 12 MW 502,219 -4% 1 2 5 12 MW 497,597 -8% 1 5 5 15 MW 1,189,254 -15% 4 5 5 14 MW 306,647 -17% 1 5 5 15 MW 1,514,981 -4% 5 3 5 13 MW 96,763 -12% 2 5 12 MW 87,676 -7% 4 5 14 MW 947,176 -17% 4 5 5 14 MW 176,654 -4% 1 5 5 15 NE 216,895 -8% 3 5 5 14 NE 576,748 -5% 5 3 6 13 NE 402,234 -12% 1 5 5 13 NE 152,559 0% 3 4 12 NE 929,189 -1% 1 3 5 13 NE 3,972,722 3% 1 3 4 12 SE 2,420,481 2% 1 5 4 14 SE 793,875 3% 5 4 12 SE 1,561,630 13% 1 5 5 13 SW 167,308 -9% 1 5 5 13 SW 441,971 0% 4 4 13 SW 281,228 -25% 1 5 5 15 SW 426,225 -2% 4 4 13 SW 207,507 7% 1 3 5 12 SW 195,444 0% 1 3 5 13 W 91,218 -12% 5 5 15 W 398,319 -5% 1 5 5 13 W 31,685 -12% 1 5 5 13 W 122,121 -2% 2 3 4 12 W 942,695 -15% 5 5 15 W 739,511 -11% 1 5 5 15 W 580,082 5% 5 4 12
Each DCS project is reviewed at least quarterly on the basis of revenue and margin. 19 Productivity & Retail Sales [Graph of: DCS revenue per tractor vs % change in Retail Sales] 20 Internal Accounting Financial impact of shared Trailer Pool Costs 21 DCS Cost Opportunities *all figures in millions
Offset with Q1:00 Q1:01 %Change: Revenue Growth Revenue $ 979,982 $ 127,802 30% Worker's Comp $ 1,442 $ 2,277 58% $ 402 Insurance/Claims $ 1,653 $ 3,228 108% $ 1,209 Safety Costs: $ 1,612 O/R Impact: Allocations $ 3,597 $ 5,508 53% $ 832 Trailer Expenses $ 1,796 $ 4,940 175% $ 2,606 Accounting Changes: $ 3,437 O/R Impact: 2.69%
22 Operating Leverage
Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. ---- ---- ---- ---- ---- ---- ---- ---- ---- Avg. Idle Trucks Per Day 30 71 64 67 65 48 64 99 215 Revenue per tractor per day 530 580 540 540 540 510 540 520 530
23 J.B. Hunt Intermodal [picture of crane omitted] 24 Transportation Market o 367 Billion in Trucking which is 80% of total o Domestic Transportation o Truckload 75 Billion* o 50,000 Carriers o 95% = 1 Million or less o Intermodal 6.5 Billion o 18% of Railroad Revenue * EXCLUDES PRIVATE FLEET 25
J.B. Hunt Intermodal Zero to $800M 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(PLAN) East 5527 42184 104756 182344 252727 315615 372732 396180 451387 432315 424413 488074
26
2000 2001 ------------------------------------ Containers (48') 7,500 4,200 Containers (53') 14,500 14,500 ------------------------------------ Total Containers 22,000 18,700 Non-Intermodal Use -6,500 -1,500 (DCS, TRUCK) Intermodal Use 15,500 17,200 11%
27 J. B. Hunt Intermodal
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr East 20.4 27.4 90 20.4 West 30.6 38.6 34.6 31.6 North 45.9 46.9 45 43.9
28 Intermodal Loads By Railroad
% OF RAILROAD 1999 2000 DIFFERENCE - --------------------------------------------------------------------- BNSF 277,357 265,495 -4% CN 614 915 49% CR 35,753 CSXT 32,267 15,832 -51% FEC 498 133 -73% IC 1,419 773 -46% KCS 9,681 10,433 8% NS 66,827 124,378 86% UP 6,872 5,888 -14% -------------------------------------------- TOTAL 431,288 423,847 -2%
29 -----END PRIVACY-ENHANCED MESSAGE-----