Performance-based restricted share units generally vest from two to ten years. propose nominations for Board membership and committee membership. When we set that goal in 2010, it seemed extraordinary. In the past three years, we have created several Employee Resource Groups (ERGs) with mission statements and executive sponsorship. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. WebArchived Reports. oversee the Company's strategies addressing environmental and social issues. evaluates and recommends to the independent Board members, for their approval, the annual salaries and bonuses of the Chairman of the Board and the Chief Executive Officer. We used our existing revolving credit facility and cash to finance these transactions and to provide any necessary liquidity for current and future operations. Senior Vice President Finance, Controller, Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements, Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting, Consolidated Balance Sheets as of December 31, 2019 and 2018, Consolidated Statements of Earnings for years ended December 31, 2019, 2018, and 2017, Consolidated Statements of Stockholders' Equity for years ended December 31, 2019, 2018, and 2017, Consolidated Statements of Cash Flows for years ended December 31, 2019, 2018, and 2017, Notes to Consolidated Financial Statements, MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING. Tax years 2016 and forward remain subject to examination by federal tax jurisdictions, while tax years 2009 and forward remain open for state jurisdictions. Experience: Mr. Roberts is the Company's President and Chief Executive Officer. This includes any activity considered intervention in a political campaign under the Internal Revenue Code, such as direct and indirect contributions to political candidates, parties, or organizations, and independent expenditures or electioneering communications on behalf of federal, state, or local candidates. We match a specified percentage of employee contributions, subject to certain limitations. Exhibits, Financial Statement Schedules. The increase in operating income was driven primarily by higher rates per loaded mile and lower equipment ownership costs, partially offset by increased driver wage and retention costs, higher driver and independent contractor recruiting expenses, and higher independent contractor costs per mile. If you hold shares in street name through a broker, bank or other nominee, your broker, bank or nominee may not be permitted to exercise voting discretion with respect to some of the matters to be acted upon at the Annual Meeting. We have policies in place for 2020 with substantially the same terms as our 2019 policies for personal injury, property damage, workers' compensation, and cargo loss or damage. The estimated fair value of these liabilities using the income approach (Level 2), based on their net present value, discounted at our current borrowing rate, was $1.03 billion and $564.9 million at December 31, 2019 and 2018, respectively. Assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. Today, we support ERGs that serve veterans (VERG), women (GROW), African Americans (AAmERG) and Latinos (LEAD). If these expenses increase and we are unable to offset the increase with higher freight rates, our earnings could be materially and adversely affected. Recommendation: The Board has determined that Ms. King's lengthy experience in the area of human resource management within a Fortune 100 company, together with her established strategic and operational leadership success, provide valuable guidance to the organization, qualifying her to serve as a Director of the Company. To further facilitate each director's ability to effectively serve as a member of the Board, each director is limited to serving on no more than four boards of directors of publicly held companies in total, including that of the Company. Material relationships can include commercial, banking, industrial, consulting, legal, accounting, charitable and familial relationships. We generally market all of our service offerings through a nationwide sales and marketing network. The second is $350 million of 3.30% senior notes due August 2022, issued in August 2015. Each executive is eligible to receive a long-term incentive award of performance-based restricted share units. On January 22, 2020, we announced an increase in our quarterly cash dividend from $0.26 to $0.27 per share, which will be paid February 21, 2020, to stockholders of record on February 7, 2020. All Board members comply with this requirement. - development of logistics solutions and services (20.8%); Participant withholdings are held by a trustee and invested as directed by participants. On January 22, 2020, the Corporate Governance Committee recommended, and the Board approved, the following committee assignments for the annual period beginning after our 2020 Annual Meeting: Under the terms of its charter, the Audit Committee represents and assists the Board in fulfilling its oversight responsibility relating to the integrity of the Company's financial statements and the financial reporting process, the systems of internal accounting and financial controls, the internal audit function, the annual independent audit of the Company's financial statements, the Company's compliance with legal and regulatory requirements, the independent auditor's qualifications and independence, the performance of the Company's internal audit function, and the performance of its independent auditors. The fair value of trading investments has been measured using the market approach (Level 1) and reflect quoted market prices. Given the impact of climate change on the economy, the environment, and human systems, and the short amount of time in which to address it, proponents believe J.B. Hunt has a clear responsibility to its investors and other stakeholders to account for whether, and how, it plans to reduce it s ongoing climate contributions. Our local and home delivery services typically are provided through a network of cross-dock service centers throughout the continental United States. The value of these benefits is not required to be included in the Summary Compensation Table since they are available to all employees on a nondiscriminatory basis. talent to achieve and maintain a leading position in its industry. We evaluate these estimates on an ongoing basis utilizing historical experience, consulting with experts and using other methods we consider reasonable in the particular circumstances. Changes in uncontrollable factors such as general economic conditions, railroad or port authority service issues, or rapidly fluctuating fuel costs can have a significant impact on the Company's actual financial results. We have mitigated our exposure to these risks through the establishment and maintenance of technology security programs and disaster recovery plans, but these mitigating activities may not be sufficient. What Other Business Will Be Presented At The Annual Meeting? The DOT periodically conducts reviews and audits to ensure our compliance with federal safety requirements, and we report certain accident and other information to the DOT. These goals are approved within 90 days of the beginning of the year. Additionally, according to the terms of the awards granted under the previously mentioned MIP, all outstanding restricted share units are subject to accelerated or immediate vesting upon the occurrence of a double triggering event, which requires both a "change in control" and the NEO's retirement, termination by the Company without cause, or resignation for good reason. Operating income increased to $50 million in 2018, from $23 million in 2017. Revenue for the JBI segment in 2019 was $4.74 billion. View jobs J.B. Hunt Employee Reviews for Transport Manager Review this company Job Title Transport Manager 53 reviews Location United States 53 reviews Ratings by category 3.0 Work-Life Balance 3.2 Pay & Benefits 3.1 Job Security & Advancement 3.0 Management 3.1 Culture Sort by Helpfulness Rating Representatives of E&Y are expected to be present at the Annual Meeting to respond to appropriate questions and will have the opportunity to make a statement if they desire to do so. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. Outstanding borrowings, net of unamortized discount, unamortized debt issuance cost, and fair value swap, under our current financing arrangements consist of the following (in millions): Aggregate maturities of long-term debt subsequent to December 31, 2019, are as follows: $353.1 million in 2022, $248.6 in 2024, and $694.0 million thereafter. The service offering in this segment is full-load,dry-van freight, utilizing tractors operating over roads and highways. In fulfilling its duties, the Audit Committee, among other things, shall: The Board has determined that each member of the Audit Committee satisfies the independence and other requirements for audit committee membership of the NASDAQ corporate governance listing standards and SEC requirements. The following are several ways the Company has worked to be an industry leader in reducing the environmental impact of our business: Based on these current and continued initiatives to reduce the Company's impact on the environment, the Board of Directors believes that adopting this proposal would be duplicative of the Company's existing efforts. Generally, management will submit to the Audit Committee a detailed list of services that it recommends the Audit Committee engage the independent auditors to provide for the calendar year. Our employee population, after taking into consideration the afore mentioned adjustments, consisted of 23,872 individuals. Annual Report - 2020. Our strategy is based on utilizing an integrated, multimodal approach to provide capacity-oriented solutions centered on delivering customer value and industry-leading service. Excluding fuel surcharges, revenue for 2018 increased 9% compared to 2017, primarily from a 16% increase in rates per loaded mile, partially offset by an 4% decrease in load count. While these organizations may engage in political or lobbying activities, the Company's membership or participation in its trade associations and organizations is not to advance political purposes and does not represent the Company's agreement with all positions, views or objectives of these associations and organizations. Currently, there are 44 million shares of common stock authorized for issuance under the MIP, of which approximately 5.7 million shares are available for future equity-based awards. He served as President and Chief Executive Officer from 1987 to December 31, 2010. If you are the beneficial owner of shares held in "street name," you should instruct your broker, bank or other nominee on how to vote your shares. Many customers periodically accept bids from multiple carriers for their shipping needs, and this process may depress freight rates or result in the loss of some business to competitors. Mr. Kuhlow is a Certified Public Accountant. DCS ended 2018 with a net additional 1,388 revenue-producing trucks when compared to 2017. Failure to meet the operating income goal for any tranche would cause that portion of the total grant to be forfeited by the NEO. We obtain capital through cash generated from operations, revolving lines of credit, and long-term debt issuances. The Compensation Committee subjectively considered the following objectives (without any particular weighting) when determining the form and amount of performance-based restricted share units granted to NEOs in 2019: For 2019, the Compensation Committee and/or independent directors approved the following performance-based restricted share unit grants to the NEOs: The fair value of the awards was based on a 3.25% discount from the Company's closing stock price of $101.89 on January 23, 2019.

Rough And Rowdy Schedule, Ucf Undergraduate Thesis, Articles J