J.B. Hunt Transport Services is one of North America's largest transportation and logistics companies, with two core businesses: intermodal freight and dedicated contract services. In intermodal, J.B. Hunt contracts with Class I railroads — primarily BNSF, NS, and CSX — to haul freight in J.B. Hunt-owned containers over the rail network, while J.B. Hunt handles pickup and delivery at both ends using its own tractors. J.B. Hunt owns roughly 125,000 containers and 104,000 chassis, and sells intermodal as a cost-effective alternative to over-the-road trucking, particularly on longer-haul routes. In dedicated contract services, J.B. Hunt essentially runs a private fleet on behalf of customers — managing trucks, drivers, and logistics that a shipper would otherwise operate in-house. These contracts are long-term (averaging around five years) and priced on a cost-plus basis, making margins relatively stable. Beyond these two core segments, J.B. Hunt operates a freight brokerage business (ICS) through the J.B. Hunt 360 digital platform, a final-mile delivery service for large bulky items, and an asset-light truckload segment. J.B. Hunt's long-term growth thesis centers on converting highway freight to intermodal, expanding its dedicated fleet into a large private fleet outsourcing market, and growing its cross-border Mexico business. J.B. Hunt maintains an investment-grade balance sheet targeting roughly 1x leverage, and prioritizes capex reinvestment, dividends, and share repurchases.