J.B. Hunt expands Final Mile service with acquisition of Cory 1st Choice Home Delivery

J.B. Hunt said it will be financed with the company’s existing revolver credit facility.

By ·

Lowell, Ark.-based trucking and intermodal services bellwether J.B. Hunt Transport Services Inc. announced today that its subsidiary, J.B. Hunt Transport Inc., entered into a definitive agreement to acquire Secaucus, New Jersey-based Cory’s First Choice Home Delivery.

The purchase price is $100 million, and J.B. Hunt said it will be financed with the company’s existing revolver credit facility.

Established in 1934, Cory provides home delivery services of big and bulky products in the continental United States and U.S. territories using 14 warehouses and other customer-owned facilities. The company utilizes more than 1,000 independent contractors, carriers and delivery drivers to complete more than 2 million annual deliveries.

“This is a strategic investment that will further advance our final mile delivery capabilities of ‘big and bulky’ products to consumers and expand our expertise in furniture delivery,” said John Roberts, president and CEO of J.B. Hunt.

J.B. Hunt’s Final Mile division is part of the company’s Dedicated Contract Services group. The company said that the Final Mile division operates one of the largest national, comingled cross-dock operations and can serve 100% of the contiguous United States.

This acquisition follows the company’s 2017 acquisition of Special Logistics Dedicated, which expanded J.B. Hunt’s pool distribution and fulfillment delivery capabilities. What’s more, with Cory in the fold, J.B. Hunt Final Mile is set to grow to 100 locations and more than 3.1 million square-feet of warehouse and facilities space, according to J.B. Hunt officials.  

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

J.B. Hunt · Last Mile · Logistics · All Topics
Latest Whitepaper
Making the Case for Comprehensive Aftermarket Lift Truck Services
Service After the Sale: Looking Beyond Acquisition Costs
Download Today!
From the January 2019 Logistics Management Magazine Issue
Seaports on West, East, and Gulf coasts are all poised to compete on one major imperative: investment in transformational technologies.
2019 Rate Outlook: Pressure Builds
Lift Trucks join the connected enterprise
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2019 Rate Outlook: Will this be the year rates skyrocket?
Join Logistics Management's Patrick Burnson as he hosts a panel of fuel, trade and logistics experts who share their insights on rate patterns across all major transport modes to help shippers prepare their freight transportation budget for the coming year.
Register Today!
2019 Rate Outlook: Pressure Builds
In 2019, the world economy will enter a third straight year of broad-based growth, but many...
2019 Transportation Management Systems (TMS) Market Update: Keeping pace with the times
The transportation management systems market is growing right along with the number of challenges...

The Logistics News that Shaped 2018
Every year at this time, group news editor Jeff Berman combs through the mountain of news that was...
Land O’Lakes lock in Texas-based capacity
Faced with the challenge of securing capacity in specific lanes, the iconic company broke with...