• J.B. Hunt, a leading transportation and logistics company, saw its First Quarter revenues significantly impacted due to the pandemic.
• Luckily, J.B. Hunt’s Final Mile segment, which focuses on delivery of large and bulky products, helped offset some of these declines.
• This segment was reported to have seen robust growth despite challenging circumstances, particularly in the delivery of furniture and appliances.
• J.B. Hunt executives have claimed that this is mainly due to increased online shopping habits during COVID-19 lockdowns that necessitated home deliveries.
• As a result, even though the total revenues for J.B. Hunt fell, the Final Mile segment’s growth helped to control the decrease.

Final Mile Segment Bolsters J.B. Hunt’s Q1 Performance Amid Pandemic

A Ray of Light in a Challenging Quarter

While many segments within J.B. Hunt, a major player in the transportation and logistics space, experienced revenue losses in the first quarter due to the pandemic, there was a silver lining. Specifically, the Final Mile segment provided some much-needed buoyancy, predominantly in the delivery of large and bulky items like furniture and appliances.

Tapping into Demand for Home Deliveries

Executives at J.B. Hunt attribute this segment’s resilience to an uptick in online shopping habits during strict COVID-19 lockdowns. This increased demand for home delivery services, particularly for large and cumbersome items, helped offset the overall decline in the company’s total revenues.

Controlling Revenue Decline

Despite the challenges of the first quarter, the growth enjoyed by the Final Mile segment served to control the extent of the revenue dip experienced by J.B. Hunt. This underscores the potential of this segment in offsetting losses incurred during tough business circumstances. J.B. Hunt’s experience serves as an indicator of the increasing importance and potential of home delivery services in the furniture and appliance sectors.

originial article https://www.furnituretoday.com/?p=316050

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