J.B. Hunt Implements New Driver Compliance Services Developed by Transplace.Business Editors LOWELL, Ark.--(BUSINESS WIRE)--April 9, 2002 J. B. Hunt Transport Services, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : JBHT JBHT J.B. Hunt Transport Services (stock symbol) - news) today announced implementation of new programs and services developed by the Fleet Services Division of Transplace for management of drug and alcohol testing and compliance-related medical billing services. These programs streamline the process for medical review officers (MROs) and transportation companies to obtain, review and report test results and to provide billing efficiency. Transplace will also serve as the Third Party Administrator for J.B. Hunt. Using its web-based system, Transplace provides an integrated management service of drug and alcohol tests from start to finish, providing complete visibility to the J.B. Hunt Designated Employer Representative (DER DER - Distinguished Encoding Rules ) to all tests. The system is designed to protect the confidentiality of the data during all phases of the testing and reporting process. Results are available to the DER immediately upon review by the MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , thereby reducing delays in using new drivers. Typically, a single testing event would result in three separate bills. The Transplace system consolidates billing into a single electronic source, reducing processing time and increasing accuracy. "We have been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. an integrated solution for some time now and have found it in Transplace," said Greer Woodruff, vice president of safety for J.B. Hunt. "The system helps us manage over 25,000 tests annually, originating at more than 100 locations, with centralized management of the process and results." Transplace has also developed a product called eMROplace that allows MROs to verify results sent electronically by the lab. Once the MRO verifies and confirms the test result, the J.B. Hunt DER is provided an email notification and the result may be viewed online. eMROplace was developed with the assistance of Dr. Rodney Bobbitt (MRO) and is an open architecture platform enabling any MRO to participate. "eMROplace is a revolutionary system and has increased the productivity of my staff by more than 30 percent," said Dr. Bobbitt. About J.B. Hunt J.B. Hunt Transport Services, Inc. is one of the largest transportation logistics companies in North America with annual revenues of more than $2 billion. The company operates more than 11,000 trucks and approximately 44,000 trailers and containers. J.B. Hunt creates supply chain value through a variety of engineered, optimal solutions that include truckload and intermodal transportation services, dedicated fleet management, electronic commerce, logistics management and professional services. The company's stock is traded on NASDAQ under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors JBHT and is a component of the Dow Jones Transportation Average The Dow Jones Transportation Average (also called the "Dow Jones Transports;" DJTA) is the oldest U.S. stock market index. Components Today, the index consists of the following 20 companies (weighted to adjust for stock splits and other factors): About Transplace Transplace (www.Transplace.com) brings together transportation needs from multiple Fortune 1000 customers and combines it with transportation capacity from more than 5,000 carriers. Transplace is truly a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. offering a comprehensive menu of logistics and transportation management services, ranging from complete outsourcing (as a third-party logistics provider) to load control center and to single shipment assistance. Using its industry leading Dense Network Efficiency SM (DNE DNE Does Not Exist DNE Dune Energy, Inc (stock symbol) DNE Do Not Enter DNE Deterministic Network Enhancer DNE Division of Narcotics Enforcement (Iowa State Police) DNE Does Not Equal DNE Do Not Erase ) platform, Transplace assembles the critical mass of freight and asset networks and applies the optimization algorithms to search for the best matching of freight with carrier assets to increase load ratio, while minimizing empty miles and detention hours. DNE also efficiently links shippers and carriers together through a web-based Internet portal, enabling collaboration and supply chain visibility, all resulting in total supply chain and transportation cost reductions. Transplace was formed in July 2000 through merger of the six logistics business units of the nation's largest publicly held truckload carriers: Covenant Transport, Inc. (Nasdaq:CVTI CVTI Cvt Intelligent ), J.B. Hunt Transport Services, Inc. (Nasdaq:JBHT), M.S. Carriers, Inc. (since merged with Swift Transportation Co., Inc.), Swift Transportation Co., Inc. (Nasdaq:SWFT SWFT Secure Web Fingerprint Transmission ), U.S. Xpress Enterprises, Inc. (Nasdaq:XPRSA) and Werner Enterprises, Inc. (Nasdaq:WERN). |
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