J.B. Hunt Expands Final-Mile Services with $100 Million Acquisition

J.B. Hunt Transport Services has entered into an agreement to buy Cory 1^st Choice Home Delivery for $100 million, as part of a strategic investment to expand the company’s capabilities to provide final-mile delivery of big and bulky products.

Cory, founded in 1934, is based in  Secaucus, New Jersey. It provides home delivery services of big and bulky products using 14 warehouses and other customer-owned facilities. Cory has a fleet consisting of over 1,000 independent contractors, carriers and delivery drivers capable of completing over two million annual deliveries.

“Cory’s exceptional reputation for quality customer service complements our mission to be the best final mile provider in North America,” said Nick Hobbs, executive vice president and president of Dedicated Contract Services at J.B. Hunt. “We are excited to welcome the employees, independent contractors, contract carriers, and customers of Cory to J.B. Hunt.”

This is the latest move to expand J.B. Hunt’s last-mile delivery services. In 2017, the company acquired Special Logistics Dedicated, expanding its pool distribution and fulfillment delivery capabilities. With the Cory acquisition, J.B. Hunt’s final-mile operation will grow to include 100 locations with over 3.1 million square feet of warehouse and facilities space.

Originally posted on Trucking Info