{"slug":"j-b-hunt","name":"J.B. 헌트","name_en":"J.B. Hunt Transport Services, Inc.","ticker":"JBHT","updated_at":"2026-09-24T05:02:19.299562+00:00","canonical":"https://valuechain.wiki/j-b-hunt","citable":"밸류체인 그래프 기준 J.B. 헌트의 직접 연결 기업은 2곳(관계 기준 공급 1·매출 1)이고, 사슬을 2차까지 넓히면 5곳에 닿는다. 링크의 근거 출처는 6건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, J.B. Hunt Transport Services, Inc. is directly linked to 2 companies (1 supply, 1 revenue relationships) and reaches 5 companies within two hops; the links are backed by 6 dated sources, 1 of them primary filings (as of 2026-09-24).","kicker":"복합운송·계약물류","kicker_en":"Intermodal and contract logistics","lead":"J.B. 헌트는 철도와 트럭을 결합한 복합운송, 전용 계약운송, 화물중개와 최종배송으로 돈을 번다. 철도 간선운송을 맡는 BNSF와 노퍽 서던에 비용을 지급하고, 물류 중개자산 인수로 서비스 범위를 넓힌다.","lead_en":"J.B. Hunt earns revenue from rail-truck intermodal service, dedicated contract carriage, freight brokerage, and final-mile delivery. It pays rail partners including BNSF and Norfolk Southern for linehaul capacity and expands its service scope through logistics asset acquisitions.","categories":[{"key":"transport-logistics","ko":"운송·물류","en":"Transport & Logistics","theme":"industrial-infrastructure","theme_ko":"산업 인프라·중공업","theme_en":"Industrial Infrastructure & Heavy Industry","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"복합운송(JBI)","note":"2025 회계연도 매출 59억 8,000만 달러"},{"name":"전용 계약운송(DCS)","note":"2025 회계연도 매출 33억 8,000만 달러"},{"name":"통합운송솔루션(ICS)","note":"2025 회계연도 매출 11억 1,000만 달러"},{"name":"최종배송(FMS)","note":"2025 회계연도 매출 8억 2,400만 달러"},{"name":"트럭운송(JBT)","note":"2025 회계연도 매출 7억 3,400만 달러"}],"total":"2025 회계연도 총매출 119억 9,909만 6,000달러 (SEC 10-K XBRL)","track":"C"},"segments_en":{"parts":[{"name":"Intermodal (JBI)","note":"US$5.98 billion in FY2025 revenue"},{"name":"Dedicated Contract Services (DCS)","note":"US$3.38 billion in FY2025 revenue"},{"name":"Integrated Capacity Solutions (ICS)","note":"US$1.11 billion in FY2025 revenue"},{"name":"Final Mile Services (FMS)","note":"US$824 million in FY2025 revenue"},{"name":"Truckload (JBT)","note":"US$734 million in FY2025 revenue"}],"total":"US$11.999096 billion in total revenue for FY2025 (SEC 10-K XBRL)"},"returns_yearly":{"2021":50.6,"2022":-13.9,"2023":15.6,"2024":-13.8,"2025":15.2,"2026":18.6},"return_asof":"2026-10-09","value_chain":{"leading":[{"slug":"unitedhealth-group","name":"유나이티드헬스 그룹","name_en":"UnitedHealth Group Incorporated","tier":2,"returns_yearly":{"2021":45.2,"2022":6.9,"2023":0.8,"2024":-2.4,"2025":-33.1,"2026":21.9}},{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":1,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":0.6}}],"benefiting":[{"slug":"norfolk-southern","name":"노퍽 서던","name_en":"Norfolk Southern","tier":1,"returns_yearly":{"2021":27.3,"2022":-15.6,"2023":-1.6,"2024":1.6,"2025":25.6,"2026":15.6}},{"slug":"wabtec","name":"웹텍","name_en":"Wabtec Corporation","tier":2,"returns_yearly":{"2021":26.5,"2022":9.1,"2023":28,"2024":50.1,"2025":13.2,"2026":34.2}},{"slug":"union-pacific","name":"유니언 퍼시픽","name_en":"Union Pacific Corporation","tier":2,"returns_yearly":{"2021":23.3,"2022":-15.9,"2023":21.6,"2024":-5.1,"2025":3.9,"2026":22.1}},{"slug":"vulcan-materials-company","name":"벌컨 머티리얼스","name_en":"Vulcan Materials Company","tier":3,"returns_yearly":{"2021":41.1,"2022":-14.9,"2023":30.8,"2024":14.1,"2025":11.7,"2026":-7.4}},{"slug":"martin-marietta-materials","name":"마틴 마리에타 머티리얼스","name_en":"Martin Marietta Materials, Inc.","tier":3,"returns_yearly":{"2021":56.1,"2022":-22.7,"2023":48.6,"2024":4.1,"2025":21.3,"2026":-17}}],"analysis":"복합운송·계약물류 기업. 2026년 +41.7%로 강하게 올랐다. 본주(+41.7%)가 수요단(평균 -3.2%)과 공급단(평균 +15.6%)을 모두 앞선다. 사슬보다 먼저 달린 만큼, 수요단 숫자가 따라오지 못하면 되돌림이 먼저 오는 자리다. 연결 노드 중 가장 앞선 곳은 노퍽 서던(+15.6%), 가장 처진 곳은 월마트(-3.2%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"J.B. Hunt Transport Services, Inc. operates across Intermodal and contract logistics. It is up +41.7% in 2026. The stock (+41.7%) is ahead of both its demand side (avg -3.2%) and supply side (avg +15.6%). Having run ahead of its chain, it is the first spot to give back if customer numbers fail to follow. Among connected nodes the furthest ahead is Norfolk Southern (+15.6%) and the furthest behind is Walmart Inc (-3.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It pays rail partners including BNSF and Norfolk Southern for linehaul capacity and expands its service scope through logistics asset acquisitions.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"BNSF Logistics","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-24","basis":"운전자본 조정 후 BNSF Logistics 중개자산 인수 현금 지급액","value":81200000,"period":"transaction closed 2023-09-30","basis_en":"Cash consideration for BNSF Logistics brokerage assets after working-capital adjustments","qualifier":null},"note":"J.B. 헌트는 BNSF Logistics의 화물중개 사업자산을 인수해 통합운송솔루션 사업에 편입했다. 운전자본 조정 후 현금 지급액은 8,120만 달러였다.","note_en":"J.B. Hunt acquired BNSF Logistics' freight-brokerage assets and integrated them into Integrated Capacity Solutions. Cash consideration after working-capital adjustments was US$81.2 million.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-24","url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926005294/jbht20251231_10k.htm","title":"J.B. 헌트 운송 서비스 2025 회계연도 10-K","title_en":"J.B. Hunt Transport Services FY2025 Form 10-K","excerpt":"운전자본 조정 후 현금 지급액은 8,120만 달러였다.","excerpt_en":"Total consideration paid in cash ... was $81.2 million"},{"stance":"confirms","publisher":"J.B. 헌트·BNSF","publisher_en":"J.B. Hunt and BNSF","kind":"ir","lang":"en","published_at":"2023-09-14","url":"https://www.jbhunt.com/content/dam/jbhunt/jbh/pr/press-releases/JBH_BM_091223_Joint_Press_Release.pdf","title":"J.B. 헌트, BNSF Logistics 중개자산 인수","title_en":"J.B. Hunt to Acquire Brokerage Assets of BNSF Logistics","excerpt":"J.B. 헌트는 BNSF Logistics의 중개사업을 매입하는 확정계약을 체결했다.","excerpt_en":"purchase the brokerage operations of BNSF Logistics, LLC"}]},{"direction":"revenue","counterparty":"Walmart Inc","counterparty_slug":"walmart","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2024-02-22","basis":"월마트 다년 복합운송 서비스 계약의 J.B. 헌트 매출액","value":null,"period":"multi-year agreement announced 2024","basis_en":"J.B. Hunt revenue from the multi-year Walmart intermodal service agreement","qualifier":"confirmed_no_disclosed_value"},"note":"월마트는 J.B. 헌트와 다년 복합운송 서비스 계약을 맺고 기존 물량과 수송능력 약정을 확대했다. 상대별 거래액과 J.B. 헌트 매출 내 비중은 공개되지 않았다.","note_en":"Walmart entered a multi-year intermodal service agreement with J.B. Hunt that increased existing volume and capacity commitments. The transaction value and share of J.B. Hunt revenue were not disclosed.","sources":[{"stance":"confirms","publisher":"미한국상공회의소","publisher_en":"Korean Chamber of Commerce and Industry in the USA","kind":"news","lang":"ko","published_at":"2024-02-23","url":"https://kocham.org/wp-content/uploads/2024/02/Constant-Contact-14.pdf","title":"J.B 헌트, 월마트 복합 운송 자산 인수","title_en":"J.B. Hunt to Buy Walmart Intermodal Assets","excerpt":"J.B. 헌트가 월마트와 새로운 장기 운송 계약을 맺고 복합운송 자산을 인수한다고 전했다.","excerpt_en":"J.B. Hunt agreed to a new long-term transportation contract with Walmart and would acquire its intermodal assets."},{"stance":"confirms","publisher":"J.B. 헌트","publisher_en":"J.B. Hunt","kind":"ir","lang":"en","published_at":"2024-02-22","url":"https://www.jbhunt.com/our-company/newsroom/2024/02/jbh-walmart-intermodal-agreement","title":"J.B. 헌트, 월마트와 장기 복합운송 계약 체결","title_en":"J.B. Hunt Signs Long-Term Intermodal Agreement With Walmart","excerpt":"J.B. 헌트는 월마트와 다년 복합운송 서비스 계약을 체결했다.","excerpt_en":"entered into a multi-year intermodal service agreement with Walmart"}]},{"direction":"cost","counterparty":"BNSF Railway","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-24","basis":"BNSF 철도 간선운송 서비스 지급액","value":null,"period":"FY2025","basis_en":"Payments for BNSF rail linehaul services","qualifier":"confirmed_no_disclosed_value"},"note":"J.B. 헌트 복합운송 물량의 대부분은 BNSF와 노퍽 서던 철도를 이용한다. BNSF는 1989년부터 이어진 핵심 철도 파트너이며, 지급액은 공개되지 않았다.","note_en":"Most of J.B. Hunt's intermodal business moves on BNSF and Norfolk Southern. BNSF has been a core rail partner since 1989, but vendor-specific spending is not disclosed.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-24","url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926005294/jbht20251231_10k.htm","title":"J.B. 헌트 운송 서비스 2025 회계연도 10-K","title_en":"J.B. Hunt Transport Services FY2025 Form 10-K","excerpt":"회사는 물량의 대부분이 BNSF 철도를 이용한다고 공시했다.","excerpt_en":"majority of our business travels on the BNSF"},{"stance":"confirms","publisher":"한국해양수산개발원","publisher_en":"Korea Maritime Institute","kind":"research","lang":"ko","published_at":"2023-11-29","url":"https://www.withlogis.co.kr/data/file/research_weekly/2083783951_l3XBtSUo_297282bf39732e766eb84f2a363a21d194b00c53.pdf","title":"국제물류위클리 제695호: 미국-멕시코 간 복합운송 서비스 개설 경쟁 가속화","title_en":"International Logistics Weekly No. 695: Accelerating Competition in U.S.-Mexico Intermodal Services","excerpt":"J.B. 헌트와 BNSF가 퀀텀을 출시하고 미국-멕시코 복합운송 서비스로 연계한다고 분석했다.","excerpt_en":"The report says J.B. Hunt and BNSF launched Quantum and linked it to a U.S.-Mexico intermodal service."}]},{"direction":"cost","counterparty":"노퍽 서던","counterparty_slug":"norfolk-southern","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-24","basis":"노퍽 서던 철도 간선운송 서비스 지급액","value":null,"period":"FY2025","basis_en":"Payments for Norfolk Southern rail linehaul services","qualifier":"confirmed_no_disclosed_value"},"note":"노퍽 서던은 J.B. 헌트 복합운송의 두 핵심 철도 사업자 중 하나다. 노퍽 서던별 철도운송 지급액은 공개되지 않았다.","note_en":"Norfolk Southern is one of the two principal rail providers for J.B. Hunt's intermodal business. Spending attributable to Norfolk Southern is not disclosed.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-24","url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926005294/jbht20251231_10k.htm","title":"J.B. 헌트 운송 서비스 2025 회계연도 10-K","title_en":"J.B. Hunt Transport Services FY2025 Form 10-K","excerpt":"회사는 물량의 대부분이 노퍽 서던 철도를 이용한다고 공시했다.","excerpt_en":"and the Norfolk Southern railways"}]},{"direction":"revenue","counterparty":"Simmons Foods","counterparty_slug":null,"confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2021-09-22","basis":"Simmons Foods 전용 계약운송 서비스 매출액","value":null,"period":"relationship observed 2021","basis_en":"Revenue from dedicated contract carriage provided to Simmons Foods","qualifier":"confirmed_no_disclosed_value"},"note":"Simmons Foods는 자체 운송기능을 J.B. 헌트의 전용 계약운송 서비스에 맡긴 식품 고객이다. 계약 금액과 J.B. 헌트 매출 내 비중은 공개되지 않았다.","note_en":"Simmons Foods outsourced its transportation function to J.B. Hunt Dedicated Contract Services. The contract value and share of J.B. Hunt revenue were not disclosed.","sources":[{"stance":"confirms","publisher":"J.B. 헌트","publisher_en":"J.B. Hunt","kind":"ir","lang":"en","published_at":"2021-09-22","url":"https://www.jbhunt.com/blog/dedicated-contract-services/fleet-management-that-frees-your-business","title":"사업에 집중하게 하는 차량 운영관리","title_en":"Fleet Management that Frees Your Business","excerpt":"Simmons Foods는 J.B. 헌트 전용 계약운송을 자사 운송 제공자로 선택했다.","excerpt_en":"They turned to us ... as their dedicated transport provider"}]}]}