J.B. Hunt Transport Services (JBHT) 10-K 23 Feb 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2017	Feb. 13, 2018	Jun. 30, 2017
Document Information [Line Items]
Entity Registrant Name	HUNT J B TRANSPORT SERVICES INC
Entity Central Index Key	728,535
Trading Symbol	jbht
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		109,754,492
Entity Public Float			$ 7.8
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 14,612	$ 6,377
Trade accounts receivable, net	920,767	745,288
Other receivables, net	283,499	189,665
Inventories	20,688	18,577
Prepaid expenses	99,162	107,513
Total current assets	1,338,728	1,067,420
Property and equipment, at cost:
Revenue and service equipment	4,158,878	3,820,439
Land	47,231	46,827
Structures and improvements	202,730	175,900
Furniture and office equipment	261,625	215,749
Total property and equipment	4,670,464	4,258,915
Less accumulated depreciation	1,687,133	1,440,124
Net property and equipment	2,983,331	2,818,791
Goodwill	39,764
Other intangible assets, net	73,691	2,356
Other assets	29,835	62,160
Total assets	4,465,349	3,950,727
Current liabilities:
Trade accounts payable	598,594	384,308
Claims accruals	251,980	231,484
Accrued payroll	42,382	51,929
Other accrued expenses	28,888	27,152
Total current liabilities	921,844	694,873
Long-term debt	1,085,649	986,278
Other long-term liabilities	76,661	64,881
Deferred income taxes	541,870	790,634
Total liabilities	2,626,024	2,536,666
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $100 par value. 10 million shares authorized; none outstanding	0	0
Common stock, $.01 par value. 1 billion shares authorized; (167,099,432 shares issued at December 31, 2017 and 2016, of which 109,753,008 shares and 111,305,021 shares were outstanding at December 31, 2017 and 2016, respectively)	1,671	1,671
Additional paid-in capital	310,811	293,087
Retained earnings	3,803,844	3,218,943
Treasury stock, at cost (57,346,424 shares at December 31, 2017, and 55,794,411 shares at December 31, 2016)	(2,277,001)	(2,099,640)
Total stockholders’ equity	1,839,325	1,414,061
Total liabilities and stockholders' equity	$ 4,465,349	$ 3,950,727

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	167,099,432	167,099,432
Common stock, shares outstanding (in shares)	109,753,008	111,305,021
Treasury stock, shares (in shares)	57,346,424	55,794,411

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating revenues, excluding fuel surcharge revenues	$ 6,435,858	$ 6,007,347	$ 5,516,282
Fuel surcharge revenues	753,710	548,112	671,364
Total operating revenues	7,189,568	6,555,459	6,187,646
Operating expenses:
Rents and purchased transportation	3,650,806	3,255,692	2,994,586
Salaries, wages and employee benefits	1,608,378	1,469,187	1,394,239
Depreciation and amortization	383,518	361,510	339,613
Fuel and fuel taxes	347,573	283,437	313,034
Operating supplies and expenses	257,239	233,223	220,597
General and administrative expenses, net of asset dispositions	125,878	87,053	72,522
Insurance and claims	123,579	78,410	73,689
Operating taxes and licenses	44,825	45,954	43,084
Communication and utilities	23,983	19,973	20,588
Total operating expenses	6,565,779	5,834,439	5,471,952
Operating income	623,789	721,020	715,694
Interest income	235	71	86
Interest expense	28,785	25,294	25,577
Earnings before income taxes	595,239	695,797	690,203
Income taxes	(91,024)	263,707	262,968
Net earnings	$ 686,263	$ 432,090	$ 427,235
Weighted average basic shares outstanding (in shares)	109,987	112,474	115,677
Basic earnings per share (in dollars per share)	$ 6.24	$ 3.84	$ 3.69
Weighted average diluted shares outstanding (in shares)	111,049	113,361	116,728
Diluted earnings per share (in dollars per share)	$ 6.18	$ 3.81	$ 3.66
Dividends declared per common share (in dollars per share)	$ 0.92	$ 0.88	$ 0.84

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balances at Dec. 31, 2014	$ 1,671	$ 247,641	$ 2,555,972	$ (1,600,761)	$ 1,204,523
Comprehensive income:
Net earnings			427,235		427,235
Cash dividend declared and paid			(97,364)		(97,364)
Tax benefit of stock options exercised and restricted shares issued		12,877			12,877
Purchase of treasury shares				(262,275)	(262,275)
Share-based compensation		37,228			37,228
Stock option exercises and restricted share issuances, net of stock repurchased for payroll taxes		(29,018)		7,146	(21,872)
Balances at Dec. 31, 2015	1,671	268,728	2,885,843	(1,855,890)	1,300,352
Comprehensive income:
Net earnings			432,090		432,090
Cash dividend declared and paid			(98,990)		(98,990)
Tax benefit of stock options exercised and restricted shares issued		7,044			7,044
Purchase of treasury shares				(249,760)	(249,760)
Share-based compensation		40,625			40,625
Stock option exercises and restricted share issuances, net of stock repurchased for payroll taxes		(23,310)		6,010	(17,300)
Balances at Dec. 31, 2016	1,671	293,087	3,218,943	(2,099,640)	1,414,061
Comprehensive income:
Net earnings			686,263		686,263
Cash dividend declared and paid			(101,362)		(101,362)
Tax benefit of stock options exercised and restricted shares issued
Purchase of treasury shares				(179,813)	(179,813)
Share-based compensation		38,291			38,291
Restricted share issuances, net of stock repurchased for payroll taxes		(20,567)		2,452	(18,115)
Balances at Dec. 31, 2017	$ 1,671	$ 310,811	$ 3,803,844	$ (2,277,001)	$ 1,839,325

Consolidated Statements of Sto6

Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Retained Earnings [Member]
Cash dividend declared and paid per share (in dollars per share)	$ 0.92	$ 0.88	$ 0.84

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net earnings	$ 686,263	$ 432,090	$ 427,235
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	383,518	361,510	339,613
Share-based compensation	38,291	40,625	37,228
(Gain)/loss on sale of revenue equipment and other	7,370	5,490	(1,281)
Advance deposit impairment	20,240
Deferred income taxes	(248,764)	50,414	80,427
Changes in operating assets and liabilities:
Trade accounts receivable	(166,111)	(120,994)	8,011
Income taxes receivable or payable	(45,542)	60,956	3,055
Other current assets	69,462	(37,101)	(26,493)
Trade accounts payable	85,237	60,818	8,600
Claims accruals	25,021	5,524	7,502
Accrued payroll and other accrued expenses	168	(5,189)	(10,589)
Net cash provided by operating activities	855,153	854,143	873,308
Cash flows from investing activities:
Additions to property and equipment	(526,928)	(638,430)	(725,122)
Proceeds from sale of equipment	16,413	153,174	168,686
Business acquisition	(136,879)
Change in other assets	(3,888)	(132)	(20,096)
Net cash used in investing activities	(651,282)	(485,388)	(576,532)
Cash flows from financing activities:
Proceeds from issuances of long-term debt			349,129
Payments on long-term debt			(250,000)
Proceeds from revolving lines of credit and other	2,716,155	1,715,427	2,110,800
Payments on revolving lines of credit and other	(2,612,501)	(1,724,365)	(2,138,466)
Purchase of treasury stock	(179,813)	(249,760)	(262,275)
Stock option exercises and other	1,100	1,341	2,978
Stock repurchased for payroll taxes	(19,215)	(18,641)	(24,850)
Tax benefit of stock options exercised and restricted shares issued		7,044	12,877
Dividends paid	(101,362)	(98,990)	(97,364)
Net cash used in financing activities	(195,636)	(367,944)	(297,171)
Net increase/(decrease) in cash and cash equivalents	8,235	811	(395)
Cash and cash equivalents at beginning of year	6,377	5,566	5,961
Cash and cash equivalents at end of year	14,612	6,377	5,566
Supplemental disclosure of cash flow information:
Interest	28,785	24,800	27,245
Income taxes	190,783	143,634	163,304
Noncash investing activities
Accruals for equipment received	$ 53,026	$ 13,522	$ 32,038

Note 1 - Business

Note 1 - Business	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Business J.B. Hunt Transport Services, Inc. is one four

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Basis of Consolidation Our C onsolidated Financial Statements include all of our wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. J.B. Hunt Transport Services, Inc. is a parent-level holding company with no Use of Estimates The Consolidated Financial Statements contained in this report have been prepared in conformity with accounting principles generally accepted in the United States of America. The preparation of these statements requires us to make estimates and assumptions that directly affect the amounts reported in such statements and accompanying notes. We evaluate these estimates on an ongoing basis utilizing historical experience, consulting with experts and using other methods we consider reasonable in the particular circumstances. Nevertheless, our actual results may We believe certain accounting policies and estimates are of more significance in our financial statement preparation process than others. We believe the most critical accounting policies and estimates include the economic useful lives and salvage values of our assets, provisions for uncollectible accounts receivable, estimates of exposures under our insurance and claims p olicies, and estimates for taxes. To the extent that actual, final outcomes are different from our estimates, or that additional facts and circumstances cause us to revise our estimates, our earnings during that accounting period will be affected. Reclassifications Certain prior year amounts have been reclassified to conform to the 2017 $121.7 31, 2016. Cash and Cash Equivalents Cash in excess of current operating requirements is invested in short-term, highly liquid investments. We consider all highly liquid investments purchased with original maturities of three Accounts Receivable and Allowance Our trade accounts receivable includes accounts receivable reduced by an allowance for uncollectible accounts and revenue adjustments. Receivables are recorded at amounts billed to customers when loads are delivered or services are performed. The allowance for uncollectible accounts and revenue adjustments is based on historical experience, as well as any known trends or uncertainties related to customer billing and account collectability. The adequacy of our allowance is reviewed quarterly. Balances are charged against the allowance when it is determined the receivable will not $15.4 $13.4 December 31, 2017 2016, $8.6 December 31, 2017. Inventory Our inventories consist primarily of revenue equipment parts, tires, supplies, and fuel, and are valued using the lower of average cost or market. I nvestments in Marketable Equity Securities Our investments consist of marketable equity securities stated at fair value and are designated as either trading securities or available-for-sale securities at the time of purchase based upon the intended holding period. Changes in the fair value of our trading securities are recognized currently in “general and administrative expenses, net of asset dispositions” in our Consolidated Statements of Earnings. Changes in the fair value of our available-for-sale securities are recognized in “accumulated other comprehensive income” on our Consolidated Balance Sheets, unless we determine that an unrealized loss is other-than-temporary. If we determine that an unrealized loss is other-than-temporary, we recognize the loss in earnings. Cost basis is determined using average cost. At December 31, 2017 2016, no 8, Property and Equipment Depreciation of property and equipment is calculated on the straight-line method over the estimated useful lives of 4 10 7 20 10 40 3 10 10% 30% We continually evaluate the carrying value of our assets for events or changes in circumstances that indicate the carrying value may not Revenue Recognition We recognize revenue based on relative transit time in each reporting period and as other services are provided, with expenses recognized as incurred. Accordingly, a portion of the total revenue that will be billed to the customer once a load is delivered is recognized in each reporting period based on the percentage of the freight pickup and delivery service that has been completed at the end of the reporting period. We record revenues on the gross basis at amounts charged to our customers because we are the primary obligor, we are a principal in the transaction, we invoice our customers and retain all credit risks, and we maintain discretion over pricing. Additionally, we are responsible for selection of third Derivative Instruments We periodically utilize derivative instruments to manage exposure to changes in interest rates. At inception of a derivative contract, we document relationships between derivative instruments and hedged items, as well as our risk-management objective and strategy for undertaking various derivative transactions, and assess hedge effectiveness. If it is determined that a derivative is not Income Taxes Income taxes are accounted for under the liability method . Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. We record valuation allowances for deferred tax assets to the extent we believe these assets are not not not not Earnings Per Share We compute basic earnings per share by dividing net earnings available to common s tockholders by the actual weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflect the potential dilution that could occur if holders of unvested restricted and performance share units or options exercised or converted their holdings into common stock. Outstanding unvested restricted share units and stock options represent the dilutive effects on weighted average shares. A reconciliation of the number of shares used in computing basic and diluted earnings per share is shown below (in thousands): Years ended December 31 , 201 7 201 6 20 15 Weighted average shares outstanding – basic 109,987 112,474 115,677 Effect of common stock equivalents 1,062 887 1,051 Weighted average shares outstanding – diluted 111,049 113,361 116,728 Concentrations of Credit Risk Financial instruments, which potentially subject us to concentrations of credit risk, include trade receivables. For each of the years ended December 31, 2017, 2016, 2015, 10 29% 10 31% 28% December 31, 2017 2016, no 10% Share -based Compensation We hav e a share-based compensation plan covering certain employees, including officers and directors. We account for share-based compensation utilizing the fair value recognition provisions of current accounting standards for share-based payments. We currently utilize restricted share units and performance share units and in the past have also utilized nonstatutory stock options. Issuances of our stock upon restricted share unit and performance share unit vesting or share option exercise are made from treasury stock. Our restricted share unit and performance share unit awards may Claims Accruals We purchase insurance coverage for a portion of expenses related to employee injuries, vehicular collisions, accidents , and cargo damage. We are substantially self-insured for loss of and damage to our owned and leased revenue equipment. Certain insurance arrangements include a level of self-insurance (deductible) coverage applicable to each claim. We have umbrella policies to limit our exposure to catastrophic claim costs. The amounts of self-insurance change from time to time based on measurement dates, policy expiration dates, and claim type. For 2015 2017, $500,000 $100,000 2018 2017 Our claims accrual policy for all self-insured claims is to recognize a liability at the time of the incident based on our analysis of the nature and severity of the claims and analyses provided by third not not December 31, 2017 2016, $238 $220 December 31, 2017 2016, $256 $254 Goodwill and Other Intangible Assets Goodwill represents the excess of cost over the fair value of net identifiable tangible and intangible assets acquired in a business combination. Goodwill and intangible assets with indefinite lives are not October 1 st 5 10 Recent Accounting Pronouncements In May 2014, No. 2014 09, for those goods or services. This update also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, 2015 14, 2014 09, one December 15, 2017. was permitted after the original effective date of December 15, 2016. O ur implementation team has completed the process of contract review and documentation in accordance with the standard. We will adopt this new standard in the first 2018, not In February 2016, 2016 02, 2016 02 December 15, 2018, See Note 10, Accounting Pronouncements Adopted in 201 7 In March 2016, 2016 09, – Stock Compensation: Improvements to Employee Share-Based Payment Accounting, which amended and simplified certain aspects of accounting for share-based payment award transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments were effective for interim and annual periods beginning after December 15, 2016. 2016 09 first 2017, December 31, 2017 third $4.9 third 2017. no In January 2017, 2017 04, step two 2017 04 December 15, 2019. January 1, 2017, 2017 04 2017, not

Note 3 - Financing Arrangements

Note 3 - Financing Arrangements	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	3. Financing Arrangements Outstanding borrowings , net of unamortized discount, unamortized debt issuance cost, and fair value swap, under our current financing arrangements consist of the following (in millions): December 31, 201 7 201 6 Senior revolving line of credit $ 241.4 $ 139.0 Senior notes 844.2 847.3 Total long-term debt $ 1,085.6 $ 986.3 Aggregate maturities of long-term debt subsequent to December 31, 2017, $249.9 2019, $241.4 2020, $594.3 Senior Revolving Line of Credit At December 31, 2017, $500 September 2020. $250 one December 31, 2017, $242.2 2.52% Senior Notes Our senior notes consist of three first second $250 2.40% March 2019 $250 3.85% March 2024, March 2014. March September third $350 3.30% August 2022, August 2015. February August February 2016. three no 1933, February 2014. may 4, $250 2.40% March 2019 $350 3.30% August 2022. Our financing arrangements require us to maintain certain covenants and financial ratios. We were in compliance with all covenants and financial ratios at December 31, 201 7.

Note 4 - Derivative Financial I

Note 4 - Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	4. Derivative Financial Instruments We periodically utilize derivative instruments for hedging and non-trading purposes to manage exposure to changes in interest rates and to maintain an appropriate mix of fixed and variable-rate debt. At inception of a derivative contract, we document relationships between derivative instruments and hedged items, as well as our risk-management objective and strategy for undertaking various derivative transactions, and assess hedge effectiveness. If it is determined that a derivative is not We entered into receive fixed-rate and pay variable-rate interest rate swap agreements simultaneously with the issuance of our $250 2.40% March 2019 $350 3.30% August 2022, ting in an interest rate of 2.43% $250 2.40% 2.77% $350 3.30% December 31, 2017. December 31, 2017. 9,

Note 5 - Capital Stock

Note 5 - Capital Stock	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	5 . Capital Stock We have one one no December 31, 2017 2016. one January 24, 2018 $0.23 $0.24 February 23, 2018 February 9, 2018 December 31, 2017, 1.6 6.8 2017, 1.9 $179.8 December 31, 2017, $521.4

Note 6 - Share-based Compensati

Note 6 - Share-based Compensation	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6 . Share-based Compensation We maintain a Management Incentive Plan (the “Plan”) that provides variou s share-based financial methods to compensate our key employees with shares of our common stock or common stock equivalents. Under the Plan, as amended, we have, from time to time, utilized restricted share units, performance share units, restricted shares, and nonstatutory stock options to compensate our employees and directors. We currently are utilizing restricted and performance share units. Our restricted share units have various vesting schedules generally ranging from 3 10 not Our performance share units vest based on the passage of time (generally 2 10 not In the past, nonstatutory stock options have been granted to key employees for the purchase of our common stock for 100% 10 55. not December 31, 2017, 2016, 2015. An employee is allowed to surrender shares of common stock received upon vesting to satisfy tax withholding obligations incident to the vesting of restricted share units and performance share units. We account for our restricted share units , performance share units, and stock options in accordance with current accounting standards for share-based payments. These standards require that the cost of all share-based payments to employees, including grants of employee stock options, be recognized in our Consolidated Financial Statements based on the grant date fair value of those awards. This cost is recognized over the period for which an employee is required to provide service in exchange for the award, subject to the attainment of performance metrics established for performance share units. Share-based compensation expense is recorded in salaries, wages, and employee benefits in our Consolidated Statements of Earnings, along with other compensation expenses to employees. The following table summarizes the components of our share-based compensation program expense (in thousands): Years ended December 31, 201 7 201 6 201 5 Restricted share units Pretax compensation expense $ 28,679 $ 29,938 $ 27,898 Tax benefit (4,385 ) 11,347 10,629 Restricted share units, net of tax $ 33,064 $ 18,591 $ 17,269 Performance share units Pretax compensation expense $ 9,612 $ 10,687 $ 9,330 Tax benefit (1,470 ) 4,050 3,555 Performance share awards, net of tax $ 11,082 $ 6,637 $ 5,775 A summary of our restricted share units, performance share units, and nonstatutory stock options is as follows: Restricted Share Units Number of Shares Weighted Average Grant Date Fair Value Unvested at December 31, 201 4 1,940,998 $ 51.74 Granted 390,143 74.86 Vested (783,483 ) 39.45 Forfeited (30,908 ) 54.89 Unvested at December 31, 201 5 1,516,750 $ 63.96 Granted 540,746 75.03 Vested (520,619 ) 54.78 Forfeited (34,221 ) 69.14 Unvested at December 31, 201 6 1,502,656 $ 71.16 Granted 158,319 90.06 Vested (380,702 ) 67.29 Forfeited (37,745 ) 75.13 Unvested at December 31, 201 7 1,242,528 $ 74.71 Performance Share Units Number of Shares Weighted Average Grant Date Fair Value Unvested at December 31, 201 4 433,895 $ 62.23 Granted 160,574 74.37 Vested (103,796 ) 58.28 Forfeited - - Unvested at December 31, 201 5 490,673 $ 67.04 Granted 142,114 74.71 Vested (148,733 ) 62.84 Forfeited - - Unvested at December 31, 201 6 484,054 $ 70.58 Granted - - Vested (155,867 ) 68.27 Forfeited - - Unvested at December 31, 201 7 328,187 $ 71.68 Stock Options Number of Shares (in thousands) Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) Outstanding at December 31, 201 4 98 $ 20.40 0.86 $ 6.3 Exercised (95 ) 20.35 - 5.8 Forfeited (1 ) 24.27 - - Outstanding at December 31, 201 5 2 $ 20.76 0.05 $ 0.1 Exercised (2 ) 20.76 - - Forfeited - - - - Outstanding at December 31, 201 6 - - - - At December 31, 2017, $49.8 $9.7 3.6 2.2 The aggregate intrinsic value of restricted and performance share units vested and options exercised during the years ended December 31, 2017, 2016, 2015, $49.3 $56.7 $80.8 $180.6 December 31, 2017. December 31, 2017, 2016, 2015, $36.4 $38.1 $37.3

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7 . Income Taxes Income tax expense attributable to earnings before income taxes consists of (in thousands): Years ended December 31, 201 7 201 6 201 5 Current: Federal $ 134,284 $ 191,422 $ 160,235 State and local 23,456 21,871 22,306 157,740 213,293 182,541 Deferred: Federal (261,592 ) 45,846 71,292 State and local 12,828 4,568 9,135 (248,764 ) 50,414 80,427 Tot al tax expense/(benefit) $ (91,024 ) $ 263,707 $ 262,968 Income tax expense attributable to earnings before income taxes differed from the amounts computed using the statutory federal income tax rate of 35% Years ended December 31, 201 7 201 6 201 5 Income tax at federal statutory rate $ 208,334 $ 243,529 $ 241,571 State tax, net of federal effect 18,334 19,165 18,671 Federal tax reform (309,223 ) - - Benefit of stock compensation (4,907 ) - - 199/R&D credit (7,056 ) - - Nondeductible meals and entertainment 1,374 1,419 1,420 Change in effective state tax rate, net of federal benefit 3,403 (1,055 ) 1,761 Other, net (1,283 ) 649 (455 ) Total tax expense $ (91,024 ) $ 263,707 $ 262,968 The Tax Cuts and Jobs Act (the Act) was enacted in December 2017. 2018, 35% 21%. December 31, 2017, not 21%. $309.2 2017 not Income taxes receivable was $61.3 $15.7 December 31, 2017 2016, December 31, 2017 2016, December 31, 201 7 201 6 Deferred tax assets: Insurance accruals $ 27,700 $ 34,788 Allowance for doubtful accounts 6,605 2,347 Compensation accrual 3,661 10,443 Deferred compensation accrual 17,620 26,062 Federal benefit of state uncertain tax positions 8,681 14,085 State NOL carry-forward 4,944 3,444 Other 3,134 3,853 Total gross deferred tax assets 72,345 95,022 Valuation allowance (4,944 ) (3,444 ) Total deferred tax assets, net of valuation allowance 67,401 91,578 Deferred tax liabilities: Plant and equipment, principally due to differences in depreciation 566,396 831,555 Prepaid permits and insurance, principally due to expensing for income tax purposes 28,089 37,119 Other 14,786 13,538 Total gross deferred tax liabilities 609,271 882,212 Net deferred tax liability $ 541,870 $ 790,634 Guidance on accounting for uncertainty in income taxes prescribes recognition and measurement criteria and requires that we assess whether the benefits of our tax positions taken are more likely than not We have made adjustments to the balance of unrecognized tax benefits, a component of other long-term liabilities on our Consolidated Balance Sheets, as follows (in millions): December 31, 201 7 201 6 201 5 Beginning balance $ 35.4 $ 32.0 $ 31.6 Additions based on tax positions related to the current year 11.6 10.3 9.4 Additions/(reductions) based on tax positions taken in prior years 5.4 (3.2 ) (2.5 ) Reductions due to settlements (2.4 ) (0.4 ) (3.0 ) Reductions due to lapse of applicable statute of limitations (4.7 ) (3.3 ) (3.5 ) Ending balance $ 45.3 $ 35.4 $ 32.0 At December 31, 201 7 2016, $45.3 $35.4 $37.5 $23.0 2017 2016, December 31, 2017, 2016, 2015, $2.1 $1.9 $1.9 December 31, 2017 2016, $3.6 $4.4 Tax years 201 4 2007

Note 8 - Employee Benefit Plans

Note 8 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	8 . Employee Benefit Plans We maintain a defined contribution employee retirement plan, which includes a 401 December 31, 2017, 2016, 2015, $16.7 $15.6 $14.7 We have a nonqualified deferred compensation plan that allows eligible employees to defer a portion of their compensation. The compensation deferred under this plan is credited with earnings or losses o n investments elected by plan participants. Each participant is fully vested in all deferred compensation and earnings; however, these amounts are subject to general creditor claims until actually distributed to the employee. A participant may one 2 25 55, 15 $16.4 December 31, 2017, $14.9 December 31, 2016. $16.4 December 31, 2017, $14.9 December 31, 2016.

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	9 . Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis Our assets and liabilities measured at fair value are based on valuation techniques which consider prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. These valuation methods are based on either quoted market prices (Level 1 2 Asset/(Liability) Balance December 31, 2017 2016 Input Level Trading investments $ 16.4 $ 14.9 1 Interest rate swaps $ (1.4 ) $ 2.9 2 Senior notes, net of unamortized discount and debt issuance costs $ (595.6 ) $ (599.0 ) 2 The fair value of trading investments has been measured using the market approach (Level 1 2 are classified in other assets in our Consolidated Balance Sheets. Depending on their period end fair value, interest rate swaps are classified in other assets or other long-term liabilities in our Consolidated Balance Sheets. The senior notes are classified in long-term debt in our Consolidated Balance Sheets. Financial Instruments The carrying amount of our senior revolving line of credit and remaining senior notes not $490.0 $387.3 December 31, 2017 2016, 2 $506.3 $402.3 December 31, 2017 2016, In 2017, n advance deposit previously made for the purchase of new trailing equipment from a carrying amount of $20.2 zero not December 31, 2017 2016,

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	10 . Commitments and Contingencies As of December 31, 2017, $74.2 one December 31, 2017, $74.2 2018 $24.5; 2019 $18.6; 2020 $15.0; 2021 $8.8; 2022 $4.2; $3.1. Total rent expense was $64.3 2017, $44.1 2016, $39.5 2015. December 31, 2017, $797.6 2018 2019, During 20 17, $4.4 December 31, 2017. We are a defendant in certain class-action lawsuits in which the plaintiffs are current and former California-based drivers who allege claims for unpaid wages, failure to provide meal and rest periods, and other items. During the first 2014, July 2017, November 2017, February 2018, may December 31, 2017, $10 In January 2017, May 1, 2016, no We are involved in certain other claims and pending litigation arising from the normal conduct of business. Based on present knowledge of the facts and, in certain cases, opinions of outside counsel, we believe the resolution of these claims and pending litigation will not

Note 11 - Acquisition

Note 11 - Acquisition	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Business Combination Disclosure [Text Block]	1 1. On July 20, 2017, Special Logistics Dedicated, LLC (SLD), and its affiliated entities, subject to customary closing conditions. The purchase price was $136.0 no July 31, 2017. $137.6 $3.1 $76 $40 December 31, 2017 ( Consideration $ 137.6 Cash 0.7 Accounts receivable 9.4 Other current assets 1.4 Property and equipment 14.9 Intangibles 75.5 Accounts payable (3.9 ) Accrued Liabilities (0.2 ) Goodwill $ 39.8 As of December 31, 2017, As this acquired business is not not

Note 12 - Goodwill and Other In

Note 12 - Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	12. Goodwill and Other Intangible Assets As discussed in Note 11, $40 $76 third 2017, fourth 2017, No December 31, 2017. Weighted Average December 31, Amortization 2017 2016 Period Finite-lived intangibles: Non-competition agreements $ 0.2 $ - 5 Customer relationships 75.3 - 10 LDC Network 10.5 10.5 10 Total finite-lived intangibles 86.0 10.5 Less accumulated amortization (12.3 ) (8.1 ) Total identifiable intangible assets, net $ 73.7 $ 2.4 Our finite-lived intangible assets have no During the years ending December 31, 2017, 2016, 2015, $4.2 $1.0 $1.0 $8.6 2018, $7.8 2019, $7.6 2020 2022. may

Note 13 - Segment Information

Note 13 - Segment Information	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	1 3. Segment Information We have four ® third third not Our customers are geographically dispersed across the United States. A summary of certain segment information as of December 31 Assets (Excludes intercompany accounts) December 31, 201 7 201 6 JBI $ 2,108 $ 2,032 DCS 1,182 951 ICS 204 136 JBT 283 279 Other (includes corporate) 688 553 Total $ 4,465 $ 3,951 Revenues Years ended December 31, 201 7 201 6 201 5 JBI $ 4,084 $ 3,796 $ 3,665 DCS 1,719 1,533 1,451 ICS 1,025 852 699 JBT 378 388 386 Total segment revenues 7,206 6,569 6,201 Intersegment eliminations (16 ) (14 ) (13 ) Total $ 7,190 $ 6,555 $ 6,188 Operating Income Years ended December 31, 201 7 201 6 201 5 JBI $ 407 $ 450 $ 477 DCS 171 205 163 ICS 23 36 36 JBT 23 30 40 Total $ 624 $ 721 $ 716 Depreciation and Amortization Expense Years ended December 31, 201 7 201 6 201 5 JBI $ 163 $ 160 $ 148 DCS 158 143 133 JBT 41 41 42 Other 22 18 17 Total $ 384 $ 362 $ 340

Note 14 - Quarterly Financial I

Note 14 - Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Quarterly Financial Information [Text Block]	1 4. As further discussed in Note 7, fourth 2017, $309.2 provisional amount recorded as a component of income tax expense from continuing operations resulting from the remeasurement of our deferred tax balance due to the enactment of the Tax Cuts and Jobs Act. Operating results by quarter for the years ended December 31, 2017 2016 Quarter First Second Third Fourth 201 7: Operating revenues $ 1,629,158 $ 1,726,915 $ 1,843,334 $ 1,990,160 Operating income $ 149,389 $ 163,615 $ 164,972 $ 145,814 Net earnings $ 102,702 $ 97,869 $ 100,385 $ 385,308 Basic earnings per share $ 0.93 $ 0.89 $ 0.92 $ 3.51 Diluted earnings per share $ 0.92 $ 0.88 $ 0.91 $ 3.48 201 6: Operating revenues $ 1,528,712 $ 1,615,026 $ 1,690,659 $ 1,721,062 Operating income $ 167,890 $ 175,792 $ 182,977 $ 194,361 Net earnings $ 100,098 $ 105,011 $ 109,425 $ 117,556 Basic earnings per share $ 0.89 $ 0.93 $ 0.97 $ 1.05 Diluted earnings per share $ 0.88 $ 0.92 $ 0.97 $ 1.05 51

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	Schedule II – Valuation and Qualifying Accounts (in millions) Allowance for Doubtful Accounts , Revenue Adjustments and Other for the Years Ended: Balance at Beginning of Year Charged to Expense/ Against Revenue Write-Offs, Net of Recoveries Balance at End of Year December 31, 201 5 $ 9.5 $ 9.5 $ (9.1 ) $ 9.9 December 31, 201 6 9.9 19.5 (16.0 ) 13.4 December 31, 201 7 13.4 29.3 (18.7 ) 24.0

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of Consolidation Our C onsolidated Financial Statements include all of our wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. J.B. Hunt Transport Services, Inc. is a parent-level holding company with no
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The Consolidated Financial Statements contained in this report have been prepared in conformity with accounting principles generally accepted in the United States of America. The preparation of these statements requires us to make estimates and assumptions that directly affect the amounts reported in such statements and accompanying notes. We evaluate these estimates on an ongoing basis utilizing historical experience, consulting with experts and using other methods we consider reasonable in the particular circumstances. Nevertheless, our actual results may We believe certain accounting policies and estimates are of more significance in our financial statement preparation process than others. We believe the most critical accounting policies and estimates include the economic useful lives and salvage values of our assets, provisions for uncollectible accounts receivable, estimates of exposures under our insurance and claims p olicies, and estimates for taxes. To the extent that actual, final outcomes are different from our estimates, or that additional facts and circumstances cause us to revise our estimates, our earnings during that accounting period will be affected.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain prior year amounts have been reclassified to conform to the 2017
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash in excess of current operating requirements is invested in short-term, highly liquid investments. We consider all highly liquid investments purchased with original maturities of three
Receivables, Policy [Policy Text Block]	Accounts Receivable and Allowance Our trade accounts receivable includes accounts receivable reduced by an allowance for uncollectible accounts and revenue adjustments. Receivables are recorded at amounts billed to customers when loads are delivered or services are performed. The allowance for uncollectible accounts and revenue adjustments is based on historical experience, as well as any known trends or uncertainties related to customer billing and account collectability. The adequacy of our allowance is reviewed quarterly. Balances are charged against the allowance when it is determined the receivable will not $15.4 $13.4 December 31, 2017 2016, $8.6 December 31, 2017.
Inventory, Policy [Policy Text Block]	Inventory Our inventories consist primarily of revenue equipment parts, tires, supplies, and fuel, and are valued using the lower of average cost or market.
Investment, Policy [Policy Text Block]	I nvestments in Marketable Equity Securities Our investments consist of marketable equity securities stated at fair value and are designated as either trading securities or available-for-sale securities at the time of purchase based upon the intended holding period. Changes in the fair value of our trading securities are recognized currently in “general and administrative expenses, net of asset dispositions” in our Consolidated Statements of Earnings. Changes in the fair value of our available-for-sale securities are recognized in “accumulated other comprehensive income” on our Consolidated Balance Sheets, unless we determine that an unrealized loss is other-than-temporary. If we determine that an unrealized loss is other-than-temporary, we recognize the loss in earnings. Cost basis is determined using average cost. At December 31, 2017 2016, no 8,
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Depreciation of property and equipment is calculated on the straight-line method over the estimated useful lives of 4 10 7 20 10 40 3 10 10% 30% We continually evaluate the carrying value of our assets for events or changes in circumstances that indicate the carrying value may not
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition We recognize revenue based on relative transit time in each reporting period and as other services are provided, with expenses recognized as incurred. Accordingly, a portion of the total revenue that will be billed to the customer once a load is delivered is recognized in each reporting period based on the percentage of the freight pickup and delivery service that has been completed at the end of the reporting period. We record revenues on the gross basis at amounts charged to our customers because we are the primary obligor, we are a principal in the transaction, we invoice our customers and retain all credit risks, and we maintain discretion over pricing. Additionally, we are responsible for selection of third
Derivatives, Policy [Policy Text Block]	Derivative Instruments We periodically utilize derivative instruments to manage exposure to changes in interest rates. At inception of a derivative contract, we document relationships between derivative instruments and hedged items, as well as our risk-management objective and strategy for undertaking various derivative transactions, and assess hedge effectiveness. If it is determined that a derivative is not
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the liability method . Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. We record valuation allowances for deferred tax assets to the extent we believe these assets are not not not not
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share We compute basic earnings per share by dividing net earnings available to common s tockholders by the actual weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflect the potential dilution that could occur if holders of unvested restricted and performance share units or options exercised or converted their holdings into common stock. Outstanding unvested restricted share units and stock options represent the dilutive effects on weighted average shares. A reconciliation of the number of shares used in computing basic and diluted earnings per share is shown below (in thousands): Years ended December 31 , 201 7 201 6 20 15 Weighted average shares outstanding – basic 109,987 112,474 115,677 Effect of common stock equivalents 1,062 887 1,051 Weighted average shares outstanding – diluted 111,049 113,361 116,728
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk Financial instruments, which potentially subject us to concentrations of credit risk, include trade receivables. For each of the years ended December 31, 2017, 2016, 2015, 10 29% 10 31% 28% December 31, 2017 2016, no 10%
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share -based Compensation We hav e a share-based compensation plan covering certain employees, including officers and directors. We account for share-based compensation utilizing the fair value recognition provisions of current accounting standards for share-based payments. We currently utilize restricted share units and performance share units and in the past have also utilized nonstatutory stock options. Issuances of our stock upon restricted share unit and performance share unit vesting or share option exercise are made from treasury stock. Our restricted share unit and performance share unit awards may
Claims Accruals Policy [Policy Text Block]	Claims Accruals We purchase insurance coverage for a portion of expenses related to employee injuries, vehicular collisions, accidents , and cargo damage. We are substantially self-insured for loss of and damage to our owned and leased revenue equipment. Certain insurance arrangements include a level of self-insurance (deductible) coverage applicable to each claim. We have umbrella policies to limit our exposure to catastrophic claim costs. The amounts of self-insurance change from time to time based on measurement dates, policy expiration dates, and claim type. For 2015 2017, $500,000 $100,000 2018 2017 Our claims accrual policy for all self-insured claims is to recognize a liability at the time of the incident based on our analysis of the nature and severity of the claims and analyses provided by third not not December 31, 2017 2016, $214 $220 December 31, 2017 2016, $232 $254
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible Assets Goodwill represents the excess of cost over the fair value of net identifiable tangible and intangible assets acquired in a business combination. Goodwill and intangible assets with indefinite lives are not October 1 st 5 10
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, No. 2014 09, for those goods or services. This update also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, 2015 14, 2014 09, one December 15, 2017. was permitted after the original effective date of December 15, 2016. O ur implementation team has completed the process of contract review and documentation in accordance with the standard. We will adopt this new standard in the first 2018, not In February 2016, 2016 02, 2016 02 December 15, 2018, See Note 10, Accounting Pronouncements Adopted in 201 7 In March 2016, 2016 09, – Stock Compensation: Improvements to Employee Share-Based Payment Accounting, which amended and simplified certain aspects of accounting for share-based payment award transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments were effective for interim and annual periods beginning after December 15, 2016. 2016 09 first 2017, December 31, 2017 third $4.9 third 2017. no In January 2017, 2017 04, step two 2017 04 December 15, 2019. January 1, 2017, 2017 04 2017, not

Note 2 - Summary of Significa24

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Years ended December 31 , 201 7 201 6 20 15 Weighted average shares outstanding – basic 109,987 112,474 115,677 Effect of common stock equivalents 1,062 887 1,051 Weighted average shares outstanding – diluted 111,049 113,361 116,728

Note 3 - Financing Arrangemen25

Note 3 - Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 201 7 201 6 Senior revolving line of credit $ 241.4 $ 139.0 Senior notes 844.2 847.3 Total long-term debt $ 1,085.6 $ 986.3

Note 6 - Share-based Compensa26

Note 6 - Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Years ended December 31, 201 7 201 6 201 5 Restricted share units Pretax compensation expense $ 28,679 $ 29,938 $ 27,898 Tax benefit (4,385 ) 11,347 10,629 Restricted share units, net of tax $ 33,064 $ 18,591 $ 17,269 Performance share units Pretax compensation expense $ 9,612 $ 10,687 $ 9,330 Tax benefit (1,470 ) 4,050 3,555 Performance share awards, net of tax $ 11,082 $ 6,637 $ 5,775
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Restricted Share Units Number of Shares Weighted Average Grant Date Fair Value Unvested at December 31, 201 4 1,940,998 $ 51.74 Granted 390,143 74.86 Vested (783,483 ) 39.45 Forfeited (30,908 ) 54.89 Unvested at December 31, 201 5 1,516,750 $ 63.96 Granted 540,746 75.03 Vested (520,619 ) 54.78 Forfeited (34,221 ) 69.14 Unvested at December 31, 201 6 1,502,656 $ 71.16 Granted 158,319 90.06 Vested (380,702 ) 67.29 Forfeited (37,745 ) 75.13 Unvested at December 31, 201 7 1,242,528 $ 74.71
Schedule of Nonvested Performance-based Units Activity [Table Text Block]	Performance Share Units Number of Shares Weighted Average Grant Date Fair Value Unvested at December 31, 201 4 433,895 $ 62.23 Granted 160,574 74.37 Vested (103,796 ) 58.28 Forfeited - - Unvested at December 31, 201 5 490,673 $ 67.04 Granted 142,114 74.71 Vested (148,733 ) 62.84 Forfeited - - Unvested at December 31, 201 6 484,054 $ 70.58 Granted - - Vested (155,867 ) 68.27 Forfeited - - Unvested at December 31, 201 7 328,187 $ 71.68
Share-based Compensation, Stock Options, Activity [Table Text Block]	Stock Options Number of Shares (in thousands) Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) Outstanding at December 31, 201 4 98 $ 20.40 0.86 $ 6.3 Exercised (95 ) 20.35 - 5.8 Forfeited (1 ) 24.27 - - Outstanding at December 31, 201 5 2 $ 20.76 0.05 $ 0.1 Exercised (2 ) 20.76 - - Forfeited - - - - Outstanding at December 31, 201 6 - - - -

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years ended December 31, 201 7 201 6 201 5 Current: Federal $ 134,284 $ 191,422 $ 160,235 State and local 23,456 21,871 22,306 157,740 213,293 182,541 Deferred: Federal (261,592 ) 45,846 71,292 State and local 12,828 4,568 9,135 (248,764 ) 50,414 80,427 Tot al tax expense/(benefit) $ (91,024 ) $ 263,707 $ 262,968
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years ended December 31, 201 7 201 6 201 5 Income tax at federal statutory rate $ 208,334 $ 243,529 $ 241,571 State tax, net of federal effect 18,334 19,165 18,671 Federal tax reform (309,223 ) - - Benefit of stock compensation (4,907 ) - - 199/R&D credit (7,056 ) - - Nondeductible meals and entertainment 1,374 1,419 1,420 Change in effective state tax rate, net of federal benefit 3,403 (1,055 ) 1,761 Other, net (1,283 ) 649 (455 ) Total tax expense $ (91,024 ) $ 263,707 $ 262,968
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 201 7 201 6 Deferred tax assets: Insurance accruals $ 27,700 $ 34,788 Allowance for doubtful accounts 6,605 2,347 Compensation accrual 3,661 10,443 Deferred compensation accrual 17,620 26,062 Federal benefit of state uncertain tax positions 8,681 14,085 State NOL carry-forward 4,944 3,444 Other 3,134 3,853 Total gross deferred tax assets 72,345 95,022 Valuation allowance (4,944 ) (3,444 ) Total deferred tax assets, net of valuation allowance 67,401 91,578 Deferred tax liabilities: Plant and equipment, principally due to differences in depreciation 566,396 831,555 Prepaid permits and insurance, principally due to expensing for income tax purposes 28,089 37,119 Other 14,786 13,538 Total gross deferred tax liabilities 609,271 882,212 Net deferred tax liability $ 541,870 $ 790,634
Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]	December 31, 201 7 201 6 201 5 Beginning balance $ 35.4 $ 32.0 $ 31.6 Additions based on tax positions related to the current year 11.6 10.3 9.4 Additions/(reductions) based on tax positions taken in prior years 5.4 (3.2 ) (2.5 ) Reductions due to settlements (2.4 ) (0.4 ) (3.0 ) Reductions due to lapse of applicable statute of limitations (4.7 ) (3.3 ) (3.5 ) Ending balance $ 45.3 $ 35.4 $ 32.0

Note 9 - Fair Value Measureme28

Note 9 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Asset/(Liability) Balance December 31, 2017 2016 Input Level Trading investments $ 16.4 $ 14.9 1 Interest rate swaps $ (1.4 ) $ 2.9 2 Senior notes, net of unamortized discount and debt issuance costs $ (595.6 ) $ (599.0 ) 2

Note 11 - Acquisition (Tables)

Note 11 - Acquisition (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Consideration $ 137.6 Cash 0.7 Accounts receivable 9.4 Other current assets 1.4 Property and equipment 14.9 Intangibles 75.5 Accounts payable (3.9 ) Accrued Liabilities (0.2 ) Goodwill $ 39.8

Note 12 - Goodwill and Other 30

Note 12 - Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Weighted Average December 31, Amortization 2017 2016 Period Finite-lived intangibles: Non-competition agreements $ 0.2 $ - 5 Customer relationships 75.3 - 10 LDC Network 10.5 10.5 10 Total finite-lived intangibles 86.0 10.5 Less accumulated amortization (12.3 ) (8.1 ) Total identifiable intangible assets, net $ 73.7 $ 2.4

Note 13 - Segment Information (

Note 13 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets (Excludes intercompany accounts) December 31, 201 7 201 6 JBI $ 2,108 $ 2,032 DCS 1,182 951 ICS 204 136 JBT 283 279 Other (includes corporate) 688 553 Total $ 4,465 $ 3,951
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Revenues Years ended December 31, 201 7 201 6 201 5 JBI $ 4,084 $ 3,796 $ 3,665 DCS 1,719 1,533 1,451 ICS 1,025 852 699 JBT 378 388 386 Total segment revenues 7,206 6,569 6,201 Intersegment eliminations (16 ) (14 ) (13 ) Total $ 7,190 $ 6,555 $ 6,188
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Operating Income Years ended December 31, 201 7 201 6 201 5 JBI $ 407 $ 450 $ 477 DCS 171 205 163 ICS 23 36 36 JBT 23 30 40 Total $ 624 $ 721 $ 716
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	Depreciation and Amortization Expense Years ended December 31, 201 7 201 6 201 5 JBI $ 163 $ 160 $ 148 DCS 158 143 133 JBT 41 41 42 Other 22 18 17 Total $ 384 $ 362 $ 340

Note 14 - Quarterly Financial32

Note 14 - Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarter First Second Third Fourth 201 7: Operating revenues $ 1,629,158 $ 1,726,915 $ 1,843,334 $ 1,990,160 Operating income $ 149,389 $ 163,615 $ 164,972 $ 145,814 Net earnings $ 102,702 $ 97,869 $ 100,385 $ 385,308 Basic earnings per share $ 0.93 $ 0.89 $ 0.92 $ 3.51 Diluted earnings per share $ 0.92 $ 0.88 $ 0.91 $ 3.48 201 6: Operating revenues $ 1,528,712 $ 1,615,026 $ 1,690,659 $ 1,721,062 Operating income $ 167,890 $ 175,792 $ 182,977 $ 194,361 Net earnings $ 100,098 $ 105,011 $ 109,425 $ 117,556 Basic earnings per share $ 0.89 $ 0.93 $ 0.97 $ 1.05 Diluted earnings per share $ 0.88 $ 0.92 $ 0.97 $ 1.05

Schedule II - Valuation and Q33

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Summary of Allowance for Doubtful Accounts and Revenue Adjustments [Table Text Block]	Allowance for Doubtful Accounts , Revenue Adjustments and Other for the Years Ended: Balance at Beginning of Year Charged to Expense/ Against Revenue Write-Offs, Net of Recoveries Balance at End of Year December 31, 201 5 $ 9.5 $ 9.5 $ (9.1 ) $ 9.9 December 31, 201 6 9.9 19.5 (16.0 ) 13.4 December 31, 201 7 13.4 29.3 (18.7 ) 24.0

Note 1 - Business (Details Text

Note 1 - Business (Details Textual)	12 Months Ended
	Dec. 31, 2017
Number of Operating Segments	4

Note 2 - Summary of Significa35

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended	12 Months Ended			48 Months Ended
	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017
Available-for-sale Securities		$ 0	$ 0		$ 0
Self Insurance, Per Claim Amount, Personal Injury and Property Damage Claims					500,000
Self Insurance, Per Claim Deductible, Workers' Compensation Claims					100,000
Self Insurance Reserve		238,000,000	220,000,000		238,000,000
Prepaid Insurance, Current and Noncurrent		256,000,000	254,000,000		$ 256,000,000
Income Tax Expense (Benefit)		$ (91,024,000)	$ 263,707,000	$ 262,968,000
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	$ (4,900,000)
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Top 10 Customers [Member]
Concentration Risk, Percentage		29.00%	29.00%	29.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Top 10 Customers [Member]
Concentration Risk, Percentage		31.00%	28.00%
Minimum [Member]
Property, Plant and Equipment, Salvage Value, Percentage		10.00%			10.00%
Finite-Lived Intangible Asset, Useful Life		5 years
Maximum [Member]
Property, Plant and Equipment, Salvage Value, Percentage		30.00%			30.00%
Finite-Lived Intangible Asset, Useful Life		10 years
Tractors [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		4 years
Tractors [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		10 years
Trailing Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		7 years
Trailing Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		20 years
Land, Buildings and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		10 years
Land, Buildings and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		40 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		10 years
Trade Accounts Receivable [Member]
Allowance for Doubtful Accounts Receivable		$ 15,400,000	$ 13,400,000		$ 15,400,000
Other Receivables [Member]
Allowance for Doubtful Accounts Receivable		8,600,000			$ 8,600,000
Reclassification of Insurance Receivables from Claims Accruals to Other Receivables [Member] | Year Ended December 31, 2016 [Member]
Prior Period Reclassification Adjustment		$ 121,700,000

Note 2 - Summary of Significa36

Note 2 - Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Share Computation (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Weighted average basic shares outstanding (in shares)	109,987	112,474	115,677
Effect of common stock equivalents (in shares)	1,062	887	1,051
Weighted average shares outstanding – diluted (in shares)	111,049	113,361	116,728

Note 3 - Financing Arrangemen37

Note 3 - Financing Arrangements (Details Textual) $ in Millions	Dec. 31, 2017USD ($)
Long-term Debt, Maturities, Repayments of Principal in Year Two	$ 249.9
Long-term Debt, Maturities, Repayments of Principal in Year Three	241.4
Long-term Debt, Maturities, Repayments Thereafter	594.3
Senior Notes [Member] | Senior Notes, First Issuance [Member]
Unsecured Debt	$ 250
Debt Instrument, Interest Rate, Stated Percentage	2.40%
Senior Notes [Member] | Senior Notes, Second Issuance [Member]
Unsecured Debt	$ 250
Debt Instrument, Interest Rate, Stated Percentage	3.85%
Senior Notes [Member] | Senior Notes, Third Issuance [Member]
Unsecured Debt	$ 350
Debt Instrument, Interest Rate, Stated Percentage	3.30%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 500
Line of Credit Facility, Maximum Borrowing Capacity, Optional Increase	250
Long-term Line of Credit	$ 242.2
Debt, Weighted Average Interest Rate	2.52%

Note 3 - Financing Arrangemen38

Note 3 - Financing Arrangements - Outstanding Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Long-term debt	$ 1,085,649	$ 986,278
Line of Credit [Member]
Long-term Debt	241,400	139,000
Senior Notes [Member]
Long-term Debt	$ 844,200	$ 847,300

Note 4 - Derivative Financial39

Note 4 - Derivative Financial Instruments (Details Textual) $ in Millions	Dec. 31, 2017USD ($)
Senior Notes, First Issuance [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative, Variable Interest Rate	2.43%
Senior Notes, Third Issuance [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative, Variable Interest Rate	2.77%
Senior Notes [Member] | Senior Notes, First Issuance [Member]
Unsecured Debt	$ 250
Debt Instrument, Interest Rate, Stated Percentage	2.40%
Senior Notes [Member] | Senior Notes, Third Issuance [Member]
Unsecured Debt	$ 350
Debt Instrument, Interest Rate, Stated Percentage	3.30%

Note 5 - Capital Stock (Details

Note 5 - Capital Stock (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	Jan. 24, 2018	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Preferred Stock, Shares Outstanding		0	0	0
Common Stock, Dividends, Per Share, Cash Paid		$ 0.23
Common Stock, Dividends, Per Share, Declared			$ 0.92	$ 0.88	$ 0.84
Treasury Stock, Shares, Acquired			1,900
Treasury Stock, Value, Acquired, Cost Method			$ 179.8
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 521.4	$ 521.4
Exercise or Vesting [Member]
Common Stock, Capital Shares Reserved for Future Issuance		1,600	1,600
Future Issuance [Member]
Common Stock, Capital Shares Reserved for Future Issuance		6,800	6,800
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.24
Dividends Payable, Date Declared	Jan. 24, 2018
Dividends Payable, Date to be Paid	Feb. 23, 2018
Dividends Payable, Date of Record	Feb. 9, 2018

Note 6 - Share-based Compensa41

Note 6 - Share-based Compensation (Details Textual) - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Restricted and Performance Share Units Vested and Options Exercised, Aggregate Intrinsic Value	$ 49.3	$ 56.7	$ 80.8
Share-based Compensation Arrangement by Share-based Payment Award, Unvested, Outstanding, Aggregate Intrinsic Value	180.6
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 49.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 219 days
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Performance Shares [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 9.7
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 73 days
Performance Shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years
Performance Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Restricted Performance Units and Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Vested in Period, Fair Value	$ 36.4	$ 38.1	$ 37.3

Note 6 - Share-based Compensa42

Note 6 - Share-based Compensation - Components of Share-based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Restricted Stock Units (RSUs) [Member]
Pretax compensation expense	$ 28,679	$ 29,938	$ 27,898
Tax benefit	(4,385)	11,347	10,629
Share unit expense, net of tax	33,064	18,591	17,269
Performance Shares [Member]
Pretax compensation expense	9,612	10,687	9,330
Tax benefit	(1,470)	4,050	3,555
Share unit expense, net of tax	$ 11,082	$ 6,637	$ 5,775

Note 6 - Share-based Compensa43

Note 6 - Share-based Compensation - Restricted Share Units (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Number of shares unvested at beginning of period (in shares)	1,502,656	1,516,750	1,940,998
Number of shares unvested at beginning of period, weighted average grant date fair value (in dollars per share)	$ 71.16	$ 63.96	$ 51.74
Number of shares granted (in shares)	158,319	540,746	390,143
Number of shares granted, weighted average grant date fair value (in dollars per share)	$ 90.06	$ 75.03	$ 74.86
Number of shares vested (in shares)	(380,702)	(520,619)	(783,483)
Number of shares vested, weighted average grant date fair value (in dollars per share)	$ 67.29	$ 54.78	$ 39.45
Number of shares forfeited (in shares)	(37,745)	(34,221)	(30,908)
Number of shares forfeited, weighted average grant date fair value (in dollars per share)	$ 75.13	$ 69.14	$ 54.89
Number of shares unvested at end of period (in shares)	1,242,528	1,502,656	1,516,750
Number of shares unvested at end of period, weighted average grant date fair value (in dollars per share)	$ 74.71	$ 71.16	$ 63.96

Note 6 - Share-based Compensa44

Note 6 - Share-based Compensation - Performance Share Units (Details) - Performance Shares [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Number of shares unvested at beginning of period (in shares)	484,054	490,673	433,895
Number of shares unvested at beginning of period, weighted average grant date fair value (in dollars per share)	$ 70.58	$ 67.04	$ 62.23
Number of shares granted (in shares)		142,114	160,574
Number of shares granted, weighted average grant date fair value (in dollars per share)		$ 74.71	$ 74.37
Number of shares vested (in shares)	(155,867)	(148,733)	(103,796)
Number of shares vested, weighted average grant date fair value (in dollars per share)	$ 68.27	$ 62.84	$ 58.28
Number of shares forfeited (in shares)
Number of shares unvested at end of period, weighted average grant date fair value (in dollars per share)
Number of shares unvested at end of period (in shares)	328,187	484,054	490,673
Number of shares unvested at end of period, weighted average grant date fair value (in dollars per share)	$ 71.68	$ 70.58	$ 67.04

Note 6 - Share-based Compensa45

Note 6 - Share-based Compensation - Stock Options (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Options outstanding, beginning of period (in shares)	2	98
Options outstanding, beginning of period, weighted average exercise price (in dollars per share)	$ 20.76	$ 20.40
Options outstanding, weighted average remaining contractual term (Year)		18 days	313 days
Options outstanding, aggregate intrinsic value		$ 0.1	$ 6.3
Options exercised (in shares)	(2)	(95)
Options exercised, weighted average exercise price (in dollars per share)	$ 20.76	$ 20.35
Options exercised, aggregate intrinsic value		$ 5.8
Options forfeited (in shares)		(1)
Options forfeited, weighted average exercise price (in dollars per share)		$ 24.27
Options outstanding, end of period (in shares)		2	98
Options outstanding, end of period, weighted average exercise price (in dollars per share)		$ 20.76	$ 20.40

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ (309.2)		$ (309.2)
Income Taxes Receivable	61.3		61.3	$ 15.7
Unrecognized Tax Benefits	45.3		45.3	35.4	$ 32	$ 31.6
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	37.5		37.5	23
Income Tax Examination, Penalties and Interest Accrued	2.1		2.1	1.9	$ 1.9
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 3.6		$ 3.6	$ 4.4
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%

Note 7 - Income Taxes - Current

Note 7 - Income Taxes - Current and Deferred Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 134,284	$ 191,422	$ 160,235
State and local	23,456	21,871	22,306
Current income taxes, total	157,740	213,293	182,541
Deferred:
Federal	(261,592)	45,846	71,292
State and local	12,828	4,568	9,135
Deferred income taxes, total	(248,764)	50,414	80,427
Total tax expense/(benefit)	$ (91,024)	$ 263,707	$ 262,968

Note 7 - Income Taxes - Reconci

Note 7 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income tax at federal statutory rate	$ 208,334	$ 243,529	$ 241,571
State tax, net of federal effect	18,334	19,165	18,671
Federal tax reform	(309,223)
Benefit of stock compensation	(4,907)
199/R&D credit	(7,056)
Nondeductible meals and entertainment	1,374	1,419	1,420
Change in effective state tax rate, net of federal benefit	3,403	(1,055)	1,761
Other, net	(1,283)	649	(455)
Total tax expense/(benefit)	$ (91,024)	$ 263,707	$ 262,968

Note 7 - Income Taxes - Deferre

Note 7 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Insurance accruals	$ 27,700	$ 34,788
Allowance for doubtful accounts	6,605	2,347
Compensation accrual	3,661	10,443
Deferred compensation accrual	17,620	26,062
Federal benefit of state uncertain tax positions	8,681	14,085
State NOL carry-forward	4,944	3,444
Other	3,134	3,853
Total gross deferred tax assets	72,345	95,022
Valuation allowance	(4,944)	(3,444)
Total deferred tax assets, net of valuation allowance	67,401	91,578
Deferred tax liabilities:
Plant and equipment, principally due to differences in depreciation	566,396	831,555
Prepaid permits and insurance, principally due to expensing for income tax purposes	28,089	37,119
Other	14,786	13,538
Total gross deferred tax liabilities	609,271	882,212
Net deferred tax liability	$ 541,870	$ 790,634

Note 7 - Income Taxes - Unrecog

Note 7 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Beginning balance	$ 35.4	$ 32	$ 31.6
Additions based on tax positions related to the current year	11.6	10.3	9.4
Additions based on tax positions taken in prior years	5.4
(Reductions) based on tax positions taken in prior years		(3.2)	(2.5)
Reductions due to settlements	(2.4)	(0.4)	(3)
Reductions due to lapse of applicable statute of limitations	(4.7)	(3.3)	(3.5)
Ending balance	$ 45.3	$ 35.4	$ 32

Note 8 - Employee Benefit Pla51

Note 8 - Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Contribution Plan, Cost	$ 16.7	$ 15.6	$ 14.7
Deferred Compensation Liability, Current and Noncurrent	16.4	14.9
Other Current Assets [Member] | Equity Securities [Member]
Trading Securities	$ 16.4	$ 14.9

Note 9 - Fair Value Measureme52

Note 9 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deposit Assets	$ 0	$ 20,200
Senior Notes [Member]
Long-term Debt	844,200	847,300
Senior Notes [Member] | Fair Value, Measurements, Recurring [Member]
Long-term Debt	490,000	387,300
Senior Notes [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]
Long-term Debt, Fair Value	$ 506,300	$ 402,300

Note 9 - Fair Value Measureme53

Note 9 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 1 [Member]
Trading investments	$ 16.4	$ 14.9
Fair Value, Inputs, Level 2 [Member]
Interest rate swaps, liabilities	(1.4)
Interest rate swaps, assets		2.9
Senior notes, net of unamortized discount and debt issuance costs	$ (595.6)	$ (599)

Note 10 - Commitments and Con54

Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Leases, Future Minimum Payments Due	$ 74.2
Operating Leases, Future Minimum Payments Due, Next Twelve Months	24.5
Operating Leases, Future Minimum Payments, Due in Two Years	18.6
Operating Leases, Future Minimum Payments, Due in Three Years	15
Operating Leases, Future Minimum Payments, Due in Four Years	8.8
Operating Leases, Future Minimum Payments, Due in Five Years	4.2
Operating Leases, Future Minimum Payments, Due Thereafter	3.1
Operating Leases, Rent Expense, Net	64.3	$ 44.1	$ 39.5
Purchase Obligation, Due in Next Twelve Months	797.6
Loss Contingency, Estimate of Possible Loss	4.4
Estimated Litigation Liability	$ 10

Note 11 - Acquisition (Details

Note 11 - Acquisition (Details Textual) - USD ($) $ in Thousands	Jul. 31, 2017	Jul. 20, 2017	Dec. 31, 2017	Dec. 31, 2016
Goodwill			$ 39,764
Special Logistics Dedicated, LLC [Member]
Business Combination, Consideration Transferred		$ 136,000
Business Combination, Consideration Transferred, Liabilities Incurred		$ 0
Payments to Acquire Businesses, Gross	$ 137,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	75,500
Goodwill	39,800
Special Logistics Dedicated, LLC [Member] | General and Administrative Expense [Member]
Business Combination, Acquisition Related Costs	$ 3,100

Note 11 - Acquisition - Purchas

Note 11 - Acquisition - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jul. 31, 2017	Dec. 31, 2016
Goodwill	$ 39,764
Special Logistics Dedicated, LLC [Member]
Consideration		$ 137,600
Cash		700
Accounts receivable		9,400
Other current assets		1,400
Property and equipment		14,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		75,500
Accounts payable		(3,900)
Accrued Liabilities		(200)
Goodwill		$ 39,800

Note 12 - Goodwill and Other 57

Note 12 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill, Impairment Loss		$ 0
Acquired Finite-lived Intangible Asset, Residual Value		0
Amortization of Intangible Assets		4,200	$ 1,000	$ 1,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months		8,600
Finite-Lived Intangible Assets, Amortization Expense, Year Two		7,800
Finite-Lived Intangible Assets, Amortization Expense, Year Three		7,600
Finite-Lived Intangible Assets, Amortization Expense, Year Four		7,600
Finite-Lived Intangible Assets, Amortization Expense, Year Five		$ 7,600
Special Logistics Dedicated, LLC [Member]
Goodwill, Acquired During Period	$ 40,000
Finite-lived Intangible Assets Acquired	$ 76,000

Note 12 - Goodwill and Other 58

Note 12 - Goodwill and Other Intangible Assets - Identifiable Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Finite-lived intangible assets, gross	$ 86	$ 10.5
Less accumulated amortization	(12.3)	(8.1)
Total identifiable intangible assets, net	73.7	2.4
Noncompete Agreements [Member]
Finite-lived intangible assets, gross	$ 0.2
Weighted average amortization period (Year)	5 years
Customer Relationships [Member]
Finite-lived intangible assets, gross	$ 75.3
Weighted average amortization period (Year)	10 years
LDC Network Access [Member]
Finite-lived intangible assets, gross	$ 10.5	$ 10.5
Weighted average amortization period (Year)	10 years

Note 13 - Segment Information59

Note 13 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2017
Number of Reportable Segments	4

Note 13 - Segment Information -

Note 13 - Segment Information - Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets	$ 4,465,349	$ 3,950,727
Operating Segments [Member] | JBI [Member]
Assets	2,108,000	2,032,000
Operating Segments [Member] | DCS [Member]
Assets	1,182,000	951,000
Operating Segments [Member] | ICS [Member]
Assets	204,000	136,000
Operating Segments [Member] | JBT [Member]
Assets	283,000	279,000
Corporate and Reconciling Items [Member]
Assets	$ 688,000	$ 553,000

Note 13 - Segment Information61

Note 13 - Segment Information - Operating Revenues (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues	$ 1,990,160	$ 1,843,334	$ 1,726,915	$ 1,629,158	$ 1,721,062	$ 1,690,659	$ 1,615,026	$ 1,528,712	$ 7,189,568	$ 6,555,459	$ 6,187,646
Operating Segments [Member]
Revenues									7,206,000	6,569,000	6,201,000
Operating Segments [Member] | JBI [Member]
Revenues									4,084,000	3,796,000	3,665,000
Operating Segments [Member] | DCS [Member]
Revenues									1,719,000	1,533,000	1,451,000
Operating Segments [Member] | ICS [Member]
Revenues									1,025,000	852,000	699,000
Operating Segments [Member] | JBT [Member]
Revenues									378,000	388,000	386,000
Intersegment Eliminations [Member]
Revenues									$ (16,000)	$ (14,000)	$ (13,000)

Note 13 - Segment Information62

Note 13 - Segment Information - Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating income	$ 145,814	$ 164,972	$ 163,615	$ 149,389	$ 194,361	$ 182,977	$ 175,792	$ 167,890	$ 623,789	$ 721,020	$ 715,694
JBI [Member] | Operating Segments [Member]
Operating income									407,000	450,000	477,000
DCS [Member] | Operating Segments [Member]
Operating income									171,000	205,000	163,000
ICS [Member] | Operating Segments [Member]
Operating income									23,000	36,000	36,000
JBT [Member] | Operating Segments [Member]
Operating income									$ 23,000	$ 30,000	$ 40,000

Note 13 - Segment Information63

Note 13 - Segment Information - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Depreciation and amortization	$ 383,518	$ 361,510	$ 339,613
Corporate and Reconciling Items [Member]
Depreciation and amortization	22,000	18,000	17,000
JBI [Member] | Operating Segments [Member]
Depreciation and amortization	163,000	160,000	148,000
DCS [Member] | Operating Segments [Member]
Depreciation and amortization	158,000	143,000	133,000
JBT [Member] | Operating Segments [Member]
Depreciation and amortization	$ 41,000	$ 41,000	$ 42,000

Note 14 - Quarterly Financial64

Note 14 - Quarterly Financial Information (Unaudited) (Details Textual) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ (309.2)	$ (309.2)

Note 14 - Quarterly Financial65

Note 14 - Quarterly Financial Information (Unaudited) - Operating Results by Quarter (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues	$ 1,990,160	$ 1,843,334	$ 1,726,915	$ 1,629,158	$ 1,721,062	$ 1,690,659	$ 1,615,026	$ 1,528,712	$ 7,189,568	$ 6,555,459	$ 6,187,646
Operating income	145,814	164,972	163,615	149,389	194,361	182,977	175,792	167,890	623,789	721,020	715,694
Net earnings	$ 385,308	$ 100,385	$ 97,869	$ 102,702	$ 117,556	$ 109,425	$ 105,011	$ 100,098	$ 686,263	$ 432,090	$ 427,235
Basic earnings per share (in dollars per share)	$ 3.51	$ 0.92	$ 0.89	$ 0.93	$ 1.05	$ 0.97	$ 0.93	$ 0.89	$ 6.24	$ 3.84	$ 3.69
Diluted earnings per share (in dollars per share)	$ 3.48	$ 0.91	$ 0.88	$ 0.92	$ 1.05	$ 0.97	$ 0.92	$ 0.88	$ 6.18	$ 3.81	$ 3.66

Schedule II - Valuation and Q66

Schedule II - Valuation and Qualifying Accounts - Allowance for Doubtful Accounts and Revenue Adjustments (Details) - Allowance for Doubtful Accounts [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance at beginning of year	$ 13.4	$ 9.9	$ 9.5
Charged to expense/against revenue	29.3	19.5	9.5
Write-offs, net of recoveries	(18.7)	(16)	(9.1)
Balance at end of year	$ 24	$ 13.4	$ 9.9