Former Kansas City Southern CEO Joins J.B. Hunt's Board
J.B. Hunt Transport Services has welcomed former Kansas City Southern President and CEO Patrick Ottensmeyer to its board, expanding the board to 10 seats. Ottensmeyer, with a distinguished 17-year tenure at KCS, oversaw revenue growth and operational improvements during his time there, particularly in the North-South rail corridor. His extensive railroad experience aligns well with J.B. Hunt's significant investments in intermodal capacity, including a 40% growth plan for its intermodal container fleet and a collaboration with BNSF Railway to support expansion efforts. Ottensmeyer's appointment highlights the company's commitment to enhancing its intermodal capabilities, a move that has gained momentum with the recent launch of the Quantum premium intermodal service. This addition marks the third new board member at J.B. Hunt since 2021, with Ottensmeyer set to contribute to the compensation and governance committees.
Read more about this at Freight Waves >
WHY IS THIS IMPORTANT FOR MY INDUSTRY?
Patrick Ottensmeyer has the inside scoop on how rail operations work, knows the nitty-gritty of intermodal transportation and understands the twists and turns of supply chain dynamics. He’s a seasoned coach you’d want on your side. Ottensmeyer also must know a thing or two about trade, especially the United States-Mexico-Canada Agreement. With the whole North American trade scene being kind of a big deal, his know-how can help steer the ship through all the regulations and trade details.
In a nutshell, Ottensmeyer joining J.B. Hunt's board brings a ton of knowledge, intermodal smarts, and trade insights to the table. J.B. Hunt Transport may have just gained an ace up its sleeve as it navigates the ever-changing world of logistics.
🔥 OUR HOT TAKE?
Ottensmeyer's time at Kansas City Southern wasn't just about collecting railroad miles; it was about steering the ship toward revenue growth and running a tight operation. He has a knack for making things work efficiently, and that's what J.B. Hunt needs as it charts its course in the world of intermodal transportation.
The former KCS CEO’s appointment isn't just about adding a new face to the boardroom. It's a strategic move by J.B. Hunt to boost its intermodal game, enhance its leadership, and stay ahead in the race. And that's something worth talking about in our world.
The Teamsters Canada Rail Conference (TCRC) has issued a 72-hour strike notice to Canadian Pacific Kansas City (CPKC), planning to strike on August 22 if no labor agreement is reached.