The Hunt blocks I see come eastbound across the Mississippi -- I presume on the Frisco -- and are probably interchanged at Tennessee tower off Broadway (or whatever the location is now called, where Bellevue crosses under) where the ex-Frisco and ex-Southern diverge.
The west lead for UP Sargent Yard diverges north from that route not very far to the west, and the route east from that yard turns north at the ex-IC freight bypass, at Aulon, and most of the trains then go east through ex-L&N Leewood Yard. Almost all power on those trains has been CSX recently.
Thanks, On this specific NS ex-Southern line, where are the interchange locations, both for BNSF and for UP?
I regularly see very long solid blocks of J.B.Hunt intermodal containers, with BNSF power, running east on the ex-Southern NS line through Collierville. I do not remember whether I have seen these with UP power, but it has become common to see UP units or whole power consists pulling trains on this line.
Intereting: How much or what percent Hunt - BNSF intermodal is interchanged with other Class Is?
Also, I know that there are intermodal BNSF-UP coal and chermical unit trains, Any intermodal trains?
Hunt BOUGHT the BNSF Logistics organization and will be reducing the number of fromer BNSF employees in the organization where their job fuctions are duplicates of existing Hunt job functions.
Never too old to have a happy childhood!
Hunt is nimble in the OTR trucking. A merge with BNSF would end up with too many RR persons with no idea how to operate + hunt need the other Class 1s. FEC, UP, NS, CSX, & CPAK all have certain lanes that are faster or even where BNSF does not go
daveklepper You are assuming that largely privately-held (Birkshire) BNSF would wish to putchase Hunt, while BNSF selling their forewarding subsifdiary bto Hunt suggests the opposite.
You are assuming that largely privately-held (Birkshire) BNSF would wish to putchase Hunt, while BNSF selling their forewarding subsifdiary bto Hunt suggests the opposite.
daveklepper My main point is that there isn't any reason for Hunt to sell to anybody. The present arrangement between Hunt and BNSF befits both parties, and their is no reason to change it.
My main point is that there isn't any reason for Hunt to sell to anybody. The present arrangement between Hunt and BNSF befits both parties, and their is no reason to change it.
NS-BNSF AND CSX-UP dual mergers would make a lot more sense, if the STB would permit it. Or the combination you prefer.
Slightly "on topic" again...rumor I heard was that the Yellow asset sale will go very quickly and priced higher than anticipated.
Terminals are in play with Estes at over $1.5B and rumor is that Estes wants all 28 ft pups and Amazon will take recent 53 ft trailers.
BNSF (and others) might end up fully paid.
Ed
daveklepper Yes, Backshop, but who has the controlling interest and runs the company?
Yes, Backshop, but who has the controlling interest and runs the company?
Institutional ownership-- 40.4%
Institutional mutual fund ownership--- 32.7%
Mutual fund ownership--- 7.8%
Insider ownership--- 2.1%
Other--- 17.1%
Forbes says that JB's widow owns almost 18%. So no one really has a controlling interest. She's 91 years old and has no position in the company.
Johnelle Hunt (forbes.com)
Right now most of the shares are still controlled by the Hunt family or the employees of JB Hunt. Most vulture capital companies stay way away from OTR carriers. Why this industry is way to freaking volatile for their own blood.
You can be a 2k truck fleet one month and 3 months later be bankrupt if you guess wrong on your fuel costs or lose your biggest customers or have a massive loss in a lawsuit aka Knight Transportation about a decade ago.
Knight literally went out due to one accident were a Federal Judge basically said due to your actions related to the aftermath of the accident you're not allowed to have a defense against the plaintiff. Then their own insurance companies all said YOYO there and the settlement was in the order of a modern day NFL quarterback contract amount. This was just prior to fuel jumping to over 4 bucks a gallon. They ended up having to get bought by Swift for basically pennies on the dollar.
It would be very hard as you have many choices in the OTR industry for transportation and several other class 1 railroads in the railroad side. Heck at one point CSX owned a container shipping line UP owned Overnite transportation NS as mentioned had North American. Hell Amazon has an airline trucking and delivery service for it's own business run by it's own carriers up to the final mile where they tend to hand it off to the postal service.
Shadow the Cats owner...to create a seamless logistical system that can go coast to coast.
Someone would probably try to invoke "antitrust" somehow...
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
JB Hunt has been a publicly traded company for decades.
Doesn't the Hunt family enjoy being in the trucking business?
It's getting to the point where those who work in the OTR industry are just wondering when BNSF will just pull the trigger on buying JB Hunt totally to create a seamless logistical system that can go coast to coast. This has happened in the past with NS buying North American van lines but nothing on this scale. They have 24k power units 27k drivers and last year ran over 1.6 billion miles on the road let alone what their containers did on the BNSF.
https://www.bnsf.com/news-media/news-releases/newsrelease.page?relId=jb-hunt-to-acquire-brokerage-assets-of-bnsf-logistics
LOWELL, Ark. and FORT WORTH, Texas – Today, J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, and Burlington Northern Santa Fe, LLC announced J.B. Hunt’s subsidiary, J.B. Hunt Transport, Inc., has entered into a definitive agreement to purchase the brokerage operations of BNSF Logistics, LLC.
diningcar This month's TRAINS MAGAZINE has a story which puts the container business in perspective. BNSF has the JB Hunt business, which my old boss Michael Haverty secured while being President of the Santa Fe, and BNSF is handling the container business very well. Depends on the level of train the containers are on. highlightted exzempt Z, should be fine. Lower tier non-priority Z or a Q symbol with throttle restrictions & isolation requirement, then the movement might take while. Sam is
This month's TRAINS MAGAZINE has a story which puts the container business in perspective. BNSF has the JB Hunt business, which my old boss Michael Haverty secured while being President of the Santa Fe, and BNSF is handling the container business very well.
I read that the amount owed to BNSF is 6.3 million dollars. That isn't going to break BNSF by a long shot.
But you can bet that sommeone in Ft. Worth has been assigned to get the money owned to BNSF.
samfp1943 Ulrich BaltACD The ones that will get the bulk of any funds will be the bankruptcy lawyers. Creditors be damned. Yes, the lawyers always win. You also have to wonder; How bjg a pay cut did the "UNION Big Shots" have to take as they jettisoned some 22,000 Dues paying members???
Ulrich BaltACD The ones that will get the bulk of any funds will be the bankruptcy lawyers. Creditors be damned. Yes, the lawyers always win.
BaltACD The ones that will get the bulk of any funds will be the bankruptcy lawyers. Creditors be damned.
The ones that will get the bulk of any funds will be the bankruptcy lawyers. Creditors be damned.
Yes, the lawyers always win.
Do you make concessions that really won't save 22K jobs because of the very ineptness of the company seeking the concessions or do you negotiate improved contract conditions with 370K jobs.
[quote user="Ulrich"]
Tell me about it!
I was an operations manager for two LTL trucking companies in the 1980's and 1990's (St. Johnsbury and NW Transport (renamed as Nationsway Transport. I stayed with "Saint J" to the bitter end (and during the closeout operation as well), and bailed on NWTP for a completely new career about six months before they shut down.
rrnut282 It doesn't look very wise when you're one of the 22k thrown in the trash after paying the same union dues as the other guys. CatFoodFlambe They were a high-cost operation trying to complete as a low-cost carrier - and utterly doomed to a very short future no matter what the Teamsters gave back. Instead, the Teamster wisely used Yellow (about 22K Teamsters)to win their negotiations with UPS (340K Teamsters - the largest single union contract in the US).
It doesn't look very wise when you're one of the 22k thrown in the trash after paying the same union dues as the other guys.
CatFoodFlambe They were a high-cost operation trying to complete as a low-cost carrier - and utterly doomed to a very short future no matter what the Teamsters gave back. Instead, the Teamster wisely used Yellow (about 22K Teamsters)to win their negotiations with UPS (340K Teamsters - the largest single union contract in the US).
They were a high-cost operation trying to complete as a low-cost carrier - and utterly doomed to a very short future no matter what the Teamsters gave back. Instead, the Teamster wisely used Yellow (about 22K Teamsters)to win their negotiations with UPS (340K Teamsters - the largest single union contract in the US).
rrnut282It doesn't look very wise when you're one of the 22k thrown in the trash after paying the same union dues as the other guys. CatFoodFlambe They were a high-cost operation trying to complete as a low-cost carrier - and utterly doomed to a very short future no matter what the Teamsters gave back. Instead, the Teamster wisely used Yellow (about 22K Teamsters)to win their negotiations with UPS (340K Teamsters - the largest single union contract in the US).
If you concede to a carrier that you view as one that will STILL FAIL despite your concessions. You don't make the concessions. Yellow never gave indications that it could be a profitable ongoing concern, no matter how much help it was given.
MP173 Yellow's stock has taken a "dead cat bounce"...up 300% last week. Why? Possible covering of short sales or possibly the asset sales will cover liabilities. They own 160 terminal properties and also a considerable number of late model tractors (typically day cabs) and trailers which was funded by the $700m loan from Feds in 2020 which was partially converted to equity. My employer is owed considerable (for us) by Yellow. Very interesting article in Saturday's WSJ - an interview with Sean O'Brian the Teamsters head. His attitude was some will suffer but Yellow had to go. Some numbered 22,000. He was very happy about the UPS settlement. It has been theorized that Teamsters invested in negotiating with UPS much more than Yellow, possibly true as they saw that yellow was a dying horse. Ed
Yellow's stock has taken a "dead cat bounce"...up 300% last week. Why?
Possible covering of short sales or possibly the asset sales will cover liabilities. They own 160 terminal properties and also a considerable number of late model tractors (typically day cabs) and trailers which was funded by the $700m loan from Feds in 2020 which was partially converted to equity.
My employer is owed considerable (for us) by Yellow.
Very interesting article in Saturday's WSJ - an interview with Sean O'Brian the Teamsters head. His attitude was some will suffer but Yellow had to go. Some numbered 22,000. He was very happy about the UPS settlement. It has been theorized that Teamsters invested in negotiating with UPS much more than Yellow, possibly true as they saw that yellow was a dying horse.
More than just theory - Yellow was a dead man trucking. Their operating ratio was floating close to 100% - and they had long since disposed of any assets that were not essential to day-to-day operations unless they could implement the "one Yellow" model. When you don't generate any profit in your operations, there's nothing left to service the MASSIVE debt they took on to pay for the USF (Holland, Reddaway, and New Penn) acquision. They were a high-cost operation trying to complete as a low-cost carrier - and utterly doomed to a very short future no matter what the Teamsters gave back. Instead, the Teamster wisely used Yellow (about 22K Teamsters)to win their negotiations with UPS (340K Teamsters - the largest single union contract in the US).
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