J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced today the Company has been recognized by Toyota Motor Sales USA with the prestigious Large Carrier of the Year award for 2006.
"J.B. Hunt embraces the Toyota Way, and the DNA of their culture is much like ours,” said Jane Beseda, Group Vice President, general manger for the Toyota Customer Services Division. “For both companies, ‘there is no best…only better.’"
Each year, Toyota asks employees from its Corporate Logistics department, plants and distribution centers to vote on the winners based on each carrier’s performance in various categories of cost control and quality. Criteria for selection include on-time delivery and pickup, problem solving capabilities, damage prevention, professionalism, equipment availability and enroute delays.
In addition, Toyota scores each carrier on its ability to embrace and culturally implement Kaizen, Toyota’s methodology for continuous improvement. J.B. Hunt has taken significant steps to eliminate waste from its own operations and further improve Toyota’s supply chain processes by ensuring the production facilities receive the right amount of product at the right time. This is accomplished by utilizing a unique blend of intermodal and traditional truckload movements that provide Toyota with an on-time percentage greater than 99%.
“Receipt of this award is a distinguished honor and privilege for our Company,” said Kirk Thompson, president and CEO for J.B. Hunt. “Our relationship with Toyota has expanded due to their willingness to share a philosophy for continuously creating new value. Blending Kaizen practices with our own Customer Value Delivery® methodology, enables and empowers our employees to seek new levels of customer service as well as innovative methods for improving operational excellence across multiple segments.”
J.B. Hunt provides multiple transportation solutions for Toyota within the Company’s Intermodal, and Truckload operating segments to multiple shipping points throughout North America.
Toyota (NYSE: TM) established operations in North America in 1957 and will operate 15 manufacturing plants in North America by 2010. There are more than 1,700 Toyota, Lexus and Scion dealerships in North America which sold more than 2.8 million vehicles in 2006. Toyota directly employs over 41,000 in North America and its investment here is currently valued at more than $18.6 billion, including sales and manufacturing operations, research and development, financial services and design. Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals more than $28.5 billion. According to a 2005 Center for Automotive Research study, Toyota, along with its dealers and suppliers, has generated nearly 400,000 U.S. jobs, including jobs created through spending by direct, dealer and suppliers employees. For more information about Toyota, visit www.toyota.com.
About J.B. Hunt
J.B. Hunt Transport Services, Inc. focuses on providing safe and reliable transportation services to a diverse group of customers throughout the continental United States, Canada and Mexico. Utilizing an integrated, multimodal approach, we provide capacity-oriented solutions centered on delivering customer value and industry-leading service.
Our stock is traded on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. For more information about our Company, visit www.jbhunt.com.
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