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J.B. Hunt Transport Services, Inc. Announces the Acquisition of RDI Last Mile Co. in Continued Growth of Final Mile Services

January 2, 2020 GMT

LOWELL, Ark.--(BUSINESS WIRE)--Jan 2, 2020--

J.B. Hunt Transport Services, Inc. (Nasdaq: JBHT), one of the largest supply chain solutions providers in North America, today announced that its subsidiary, J.B. Hunt Transport, Inc., acquired the assets of RDI Last Mile Co. on December 31, 2019. The transaction was funded using J.B. Hunt’s existing revolving credit facility.

“Growing our final mile delivery capabilities is a priority, and the acquisition of RDI further extends our expertise in furniture delivery,” said John Roberts, president and CEO of J.B. Hunt.

Founded in 1987, RDI provides home delivery services of big and bulky products in the Northeast region of the U.S. RDI utilizes contract carriers to perform primarily furniture deliveries and generates annual revenue of $35 million.

“Providing our customers with a comprehensive, high-quality delivery experience drives our final mile services,” said Nick Hobbs, executive vice president and president of Dedicated Contract Services at J.B. Hunt. “RDI is a reputable furniture delivery provider, and we are excited to welcome them to J.B. Hunt.”

Final Mile Services® is a division of J.B. Hunt’s Dedicated Contract Services® business unit and operates one of the largest nationwide, commingled cross-dock operations with the ability to serve 100% of the contiguous United States. RDI is the company’s third acquisition in as many years. J.B. Hunt acquired Cory 1st Choice Home Delivery in 2019 and Special Logistics Dedicated in 2017. With the RDI acquisition, Final Mile Services will expand its home delivery capabilities and grow to include more than 104 locations and 3.2 million square feet of warehouse and facilities space.

About J.B. Hunt

J.B. Hunt Transport Services, Inc., a Fortune 500, S&P 500, and NASDAQ-100 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, visit www.jbhunt.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200102005151/en/

CONTACT: Joanna Bunten

Sr. Director Corporate Marketing

(479) 361-7800

Joanna.Bunten@jbhunt.com

KEYWORD: ARKANSAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: J.B. Hunt Transport Services, Inc.

Copyright Business Wire 2020.

PUB: 01/02/2020 07:00 AM/DISC: 01/02/2020 07:01 AM

http://www.businesswire.com/news/home/20200102005151/en