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LOWELL, Ark. & ROCHELLE PARK, N.J, February 27, 2017 - J.B. Hunt Transport Services, Inc. (JBHT) has chosen ORBCOMM Inc. (ORBC), a leading global provider of Machine-to-Machine and Internet of Things communication solutions, to equip its 90,000-plus intermodal and over-the-road (OTR) trailing fleets with end-to-end tracking and monitoring.
ORBCOMM will provide J.B. Hunt a comprehensive telematics solution that gives visibility to the location and status for multiple classes of trailing equipment. Each unit will be equipped with a solar-rechargeable GPS tracking device and a full-length sensor to determine the presence or absence of cargo inside the trailing unit. This solution will increase operational efficiency, reduce cargo theft, and decrease unauthorized use of assets.
"We've already identified numerous areas within our operation where we will see immediate benefits in efficiency," said Terry Matthews, executive vice president and president of J.B. Hunt's intermodal division. "End-to-end visibility to the entire supply chain is the new expectation, and as a technology leader in the industry, we are excited to provide this service to our customers."
By fully equipping the nation's largest 53 foot trailing fleet with ORBCOMM's industry-leading products, J.B. Hunt will gain insight and control over every facet of its operation. The integration of real-time location and cargo status information into J.B. Hunt 360, the company's transportation management system, will help drive out operational inefficiencies while maximizing customer visibility into the life cycle of their orders.
"We are pleased to have been selected by J.B. Hunt as their premier telematics provider and to provide them with a custom solution for their intermodal and OTR trailing equipment," said Marc Eisenberg, ORBCOMM Chief Executive Officer. "During more than a year of piloting our best-in-class asset tracking and monitoring solution with J.B. Hunt, we have worked together to find ways to achieve operational efficiencies, installation optimization, asset utilization, and ROI benefits for a fleet of J.B. Hunt's size."
J.B. Hunt will begin deploying ORBCOMM's solutions across their fleet immediately and will continue throughout 2017.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500, S&P 500, and NASDAQ-100 company, focuses on providing safe and reliable transportation services to a diverse group of customers throughout the contiguous United States, Canada, and Mexico. Utilizing an integrated, multimodal approach, the company provides capacity-oriented solutions centered on delivering customer value and industry-leading service. 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, visit www.jbhunt.com.
About ORBCOMM Inc.
ORBCOMM Inc. (NASDAQ: ORBC) is a leading global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions and the only commercial satellite network dedicated to M2M. ORBCOMM's unique combination of global satellite, cellular and dual-mode network connectivity, hardware, web reporting applications and software is the M2M industry's most complete service offering. Our solutions are designed to remotely track, monitor, and control fixed and mobile assets in core vertical markets including transportation & distribution, heavy equipment, industrial fixed assets, oil & gas, maritime, mining and government. For more information, visit www.orbcomm.com.
Certain statements discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to our plans, objectives and expectations for future events and include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Such forward-looking statements, including those concerning the Company's expectations, are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from the results, projected, expected or implied by the forward-looking statements, some of which are beyond the Company's control, that may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, specific consideration should be given to various factors described in Part I, Item 1A. "Risk Factors" and Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in our Annual Report on Form 10-K, and other documents, on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise any forward-looking statements or cautionary factors, except as required by law.
For more information, contacts:
J.B. Hunt Transport Services, Inc.
Carrie Johnson, Communications Manager