{"id":389461,"date":"2020-11-30T08:03:44","date_gmt":"2020-11-30T13:03:44","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389461"},"modified":"2020-11-30T08:03:44","modified_gmt":"2020-11-30T13:03:44","slug":"j-b-hunt-announces-acquisition-of-mass-movement-inc-its-fourth-to-expand-final-mile-services-since-2017","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/j-b-hunt-announces-acquisition-of-mass-movement-inc-its-fourth-to-expand-final-mile-services-since-2017\/","title":{"rendered":"J.B. Hunt Announces Acquisition of Mass Movement, Inc., Its Fourth to Expand Final Mile Services Since 2017"},"content":{"rendered":"

<\/p>\n

J.B. Hunt Announces Acquisition of Mass Movement, Inc., Its Fourth to Expand Final Mile Services Since 2017<\/b><\/p>\n

LOWELL, Ark.–(BUSINESS WIRE<\/a>)–
\nJ.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport, Inc., acquired the assets of Mass Movement, Inc. on November 30.\n<\/p>\n

\n\u201cMass Movement presents an opportunity to expand our expertise in the final mile delivery of big and bulky products,\u201d said John Roberts, president and CEO of J.B. Hunt. \u201cThe acquisition complements our current service and will enhance our ability to meet the growing demand of customers in the commercial health and fitness industry.\u201d\n<\/p>\n

\nMass Movement has more than 20 years of experience providing logistics, delivery, assembly, and installation services for the commercial fitness industry and finished 2019 with $29 million of revenue. Founded by Dom Simonetti and Jim Sullivan in 1996, the company has delivered two million-plus pieces of equipment to more than 3,500 fitness centers throughout North America. Both founders will become employees of J.B. Hunt and will continue in leadership roles as the company expands its fitness equipment delivery business.\n<\/p>\n

\n\u201cMass Movement is highly regarded among industry manufacturers and facility owners,\u201d said Nick Hobbs, executive vice president and president of Dedicated Contract Services and Final Mile Services. \u201cIts reputation and service quality align with ours, and we look forward to welcoming Mass Movement\u2019s employees to the J.B. Hunt family.\u201d\n<\/p>\n

\nThe acquisition is J.B. Hunt\u2019s fourth since 2017 and will broaden the company\u2019s industry-leading Final Mile Services, which operates one of the largest nationwide, commingled cross-dock operations. With 117 locations and over 3.4 million square feet of warehouse and facilities space, Final Mile has the ability to serve 100% of the contiguous United States. In 2019, J.B. Hunt acquired the assets of RDI Last Mile Co. and Cory 1st Choice Home Delivery. The company also purchased Special Logistics Dedicated in 2017.\n<\/p>\n

\nThe transaction was funded using cash on hand, and the law firm of Mitchell, Williams, Selig, Gates & Woodyard, PLLC served as legal advisor to J.B. Hunt.\n<\/p>\n

About J.B. Hunt <\/b><\/p>\n

\nJ.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visitwww.jbhunt.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201130005355\/en\/<\/a><\/span><\/p>\n

\nBrad Delco
\n
Vice President \u2013 Finance and Investor Relations
\n
(479) 820-2723\n<\/p>\n

KEYWORDS:<\/b> Arkansas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Trucking Transport Logistics\/Supply Chain Management<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

J.B. Hunt Announces Acquisition of Mass Movement, Inc., Its Fourth to Expand Final Mile Services Since 2017 LOWELL, Ark.–(BUSINESS WIRE)– J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport, Inc., acquired the assets of Mass Movement, Inc. on November 30. \u201cMass Movement presents an opportunity to expand our expertise in the final mile delivery of big and bulky products,\u201d said John Roberts, president and CEO of J.B. Hunt. \u201cThe acquisition complements our current service and will enhance our ability to meet the growing demand of customers in the commercial health and fitness industry.\u201d Mass Movement has more than 20 years of experience providing … <\/p>\n

Continue reading “J.B. Hunt Announces Acquisition of Mass Movement, Inc., Its Fourth to Expand Final Mile Services Since 2017”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389461","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nJ.B. 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(NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport, Inc., acquired the assets of Mass Movement, Inc. on November 30. \u201cMass Movement presents an opportunity to expand our expertise in the final mile delivery of big and bulky products,\u201d said John Roberts, president and CEO of J.B. Hunt. \u201cThe acquisition complements our current service and will enhance our ability to meet the growing demand of customers in the commercial health and fitness industry.\u201d Mass Movement has more than 20 years of experience providing … Continue reading "J.B. 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