J.B. Hunt finalizes Cory 1st Choice acquisition

With the acquisition, J.B. Hunt’s Final Mile division has grown to 100 locations and 3.1 million square feet of warehouses and facilities space.

J.B. Hunt finalizes Cory 1st Choice acquisition

With the acquisition, J.B. Hunt’s Final Mile division has grown to 100 locations and 3.1 million square feet of warehouses and facilities space.

J.B. Hunt finalizes Cory 1st Choice acquisition

With the acquisition, J.B. Hunt’s Final Mile division has grown to 100 locations and 3.1 million square feet of warehouses and facilities space.

 
J.B. Hunt Transport Services Inc. announced Monday the completion of its acquisition of Cory 1st Choice Home Delivery.
    The transaction, which was announced Jan. 9 as a $100 million definitive agreement, closed and became effective Friday.
    Cory’s home delivery service will be integrated with J.B. Hunt’s Final Mile division of its Dedicated Contract Services business unit. The Final Mile division, which operates one of the largest, co-mingled cross-dock operations and can serve 100 percent of the contingent U.S., has grown to include 100 locations and more than 3.1 million square feet of warehouse and facilities space with the Cory acquisition.
    “Cory’s customer-first mentality and focus on the consumer experience have made it one of the best in the furniture business,” said Nick Hobbs, executive vice president and president of Dedicated Contract Services at J.B. Hunt. “Those values very much align with ours, and we are proud to welcome Cory to the J.B. Hunt family.”

The growth of online grocery sales has the U.S. market for cold-storage warehouses poised for strong growth, potentially creating demand for up to 100 million square feet of industrial cold-storage space over the next five years.

Drewry’s World Container Index, a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, was down 1.4% to $1,351.15 per 40-foot container as of June 13.

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J.B. Hunt finalizes Cory 1st Choice acquisition

With the acquisition, J.B. Hunt’s Final Mile division has grown to 100 locations and 3.1 million square feet of warehouses and facilities space.

Feb 19, 2019 on Dec 27, 2018AmericanShipper.com

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J.B. Hunt finalizes Cory 1st Choice acquisition

With the acquisition, J.B. Hunt’s Final Mile division has grown to 100 locations and 3.1 million square feet of warehouses and facilities space.

Feb 19, 2019 on Dec 27, 2018AmericanShipper.com