What is happening: J.B Hunt have purchased the home-delivery firm Cory 1st Choice Home Delivery.
Why is this happening: The big trucking company are looking to take advantage of the rapid growth in e-commerce, and with that, home delivery.
What are they buying: The $100 million spent on the deal will get J.B Hunt the company, 14 extra warehouses, and a new, broad delivery network. This is J.B Hunt’s second acquisition of this kind since 2017.
Cory: The purchased firm, Cory 1st Choice Home Delivery, concentrates on the bulkier items, such as furniture. These types of goods are popular with consumers online, but are far harder to transport and deliver.
Delivery: Home delivery is usually catered towards the fast delivery of smaller packages. Cory 1st Choice Home Delivery taps into a different market.