J.B. Hunt and Georgia-Pacific Renew Four Contracts for Dedicated Services.Business Editors LOWELL, Ark.--(BUSINESS WIRE)--April 26, 2001 J.B. Hunt Transport Services The collective functions of layers 1 through 4 of the OSI model. , Inc., one of the largest transportation logistics companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , announces today the renewal of four dedicated contracts with long-time customer and packaging-industry leader Georgia-Pacific. The multi-year contracts continue J.B. Hunt's dedicated fleet services Fleet is a motorway service station on the M3 near Basingstoke. It is owned by Welcome Break. It was originally built in a Scandinavian style and in 1992 won "Loo of the Year". at four Georgia-Pacific converting plants across North America. J.B. Hunt delivers corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. boxes and sheets to Georgia-Pacific customers in each region. The two companies have worked together since 1992. "We are focused on supporting the Georgia-Pacific packaging division's supply chain strategy shift from supply-driven to demand-driven," said John N. Roberts, president, J.B. Hunt Dedicated Contract Services (DCS (1) See also DSC. (2) Digital Cross-connect System) A network switching and grooming device used by telecom carriers. See digital cross-connect. ). "We're also committed to helping Georgia-Pacific continue to enhance services to their customers and reduce their distribution network costs." J.B. Hunt's first contract with Georgia-Pacific originated in Doraville, Georgia, eight years ago. The transportation company was hired to assist that plant with dedicated services to help reduce overall transportation costs. Today J.B. Hunt provides dedicated transportation solutions at 11 locations for Georgia-Pacific's packaging division and consumer products division. "By working closely with Georgia-Pacific's logistics team, we have continued to raise the bar on supply chain optimization Supply Chain Optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs (including manufacturing costs, , particularly in the area of on-time service," said Heather Wright, J.B. Hunt's general manager for DCS client operations. "We're dedicated to the needs of each box plant, and our drivers and project managers treat Georgia-Pacific's customers like their own." About Georgia-Pacific Georgia-Pacific is one of the nation's leading corrugated box manufacturers with 50 plants throughout the country. The Packaging Division manufactures standard corrugated containers, as well as many specialty-packaging products. Headquartered at Atlanta, Georgia-Pacific is one of the world's leading manufacturers and distributors of tissue, pulp, paper, packaging, building products and related chemicals. With annual sales of approximately $27 billion, the company employs more than 85,000 people at 600 locations in North America and Europe. Its familiar consumer tissue brands include Quilted Northern, Angel Soft, Brawny brawn·y adj. 1. Strong and muscular. 2. Hardened; calloused. , Sparkle, Soft 'n Gentle, Coronet, Mardi Gras, So-Dri, Green Forest and Vanity Fair, as well as the Dixie brand of disposable cups, plates and cutlery. Georgia-Pacific's building products distribution segment has long been among the nation's leading wholesale suppliers of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers. In addition, Georgia-Pacific's Unisource Worldwide subsidiary is one of the largest distributors of packaging systems, printing and imaging papers and maintenance supplies in North America, and is the exclusive domestic distributor of Xerox brand papers. For more information, visit www.gp.com. About J.B. Hunt Dedicated Contract Services J.B. Hunt Dedicated Contract Services provides customized transportation solutions for clients striving to improve transportation service reliability; lower transportation costs; reduce liability; improve logistics/distribution operations; and redirect capital back into core business functions. By including truckload, intermodal and logistics in the customization process, DCS provides an integrated solution to customers. DCS currently manages private fleets for more than 250 customers across North America. 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 45,000 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 and logistics management. The company's stock is traded on 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 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 JBHT J.B. Hunt Transport Services (stock symbol) 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): |
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