, is the latest transportation giant that's picked up on Amazon's logistics aspirations. That's according to Morgan Stanley's team of transportation analysts, who recently visited J.B. Hunt's headquarters in Lowell, Arkansas.
Amazon is a top 10 customer of J.B. Hunt and uses all of its service offerings, according to a March 14 Morgan Stanley note to investors. But, now that Amazon is developing its own trucking and transportation network, its dependence on J.B. Hunt might suddenly drop."Amazon is the elephant in the boardroom," Morgan Stanley transportation analysts wrote in the note.
On the other hand, J.B. Hunt's C-suite appears to be comfortable with the idea of Amazon curtailing its dependence on the company's logistics offerings. " believes Amazon is a company in transformation, like Walmart and Home Depot once were," Morgan Stanley analysts wrote."However, J.B. Hunt has more than a decade of relationship with Amazon and understands their customer very well."
"J.B. Hunt will look to grow with Amazon and other customers but management is acutely aware of changing shipper-carrier dynamics and the potential for not just sudden insourcing but also potentially competing with some of their customers, over time," they continued.
If amazon ever opens pharmacies and gas stations, at whole foods or otherwise, they have essentially replaced basically every single other business that you could shop at. Prime is also one of the best ideas ever period.
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