| Industries |
|---|
| Independent Power Producers and Energy Traders |
| Technology Hardware Storage and Peripherals |
| Information Technology |
| Technology Hardware and Equipment |
| Insurance |
| Property and Casualty Insurance |
| Life and Health Insurance |
| Insurance Brokers |
| Multi-line Insurance |
| Health Care Facilities |
| Exposures |
|---|
| Economic |
| Military |
| Express intent |
| Provide |
| Regime |
| Ease |
| Event Codes |
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| Accident |
| Solicit support |
| Host meeting |
| Riot |
| Sports contest |
| Warn |
| Human death |
| Reward |
| Ask for protection |
| Release or return |
| Promise |
| Endorse |
| Agree |
| Force |
| Yield |
| Wiki | Wiki Summary |
|---|---|
| Neanderthal | Neanderthals (, also Neandertals, Homo neanderthalensis or Homo sapiens neanderthalensis) are an extinct species or subspecies of archaic humans who lived in Eurasia until about 40,000 years ago. While the cause of their extinction remains “highly contested”, demographic factors like small population size, inbreeding, and random fluctuations are considered likely factors. |
| Homo erectus | Homo erectus (; meaning "upright man") is an extinct species of archaic human from the Pleistocene, with its earliest occurrence about 2 million years ago. Several human species, such as H. heidelbergensis and H. antecessor, with the former generally considered to have been the ancestor to Neanderthals, Denisovans, and modern humans, appear to have emerged within the possibly Asian populations of H. erectus. |
| Abortion in the United States by state | Abortion in the United States is legal, subject to balancing tests tying state regulation of abortion to the three trimesters of pregnancy, via the landmark 1973 case of Roe v. Wade, the first abortion case to be taken to the Supreme Court. |
| Little Boy | "Little Boy" was the codename for the type of atomic bomb dropped on the Japanese city of Hiroshima on 6 August 1945 during World War II. It was the first nuclear weapon used in warfare. The bomb was dropped by the Boeing B-29 Superfortress Enola Gay piloted by Colonel Paul W. Tibbets, Jr., commander of the 509th Composite Group of the United States Army Air Forces and Captain Robert A. Lewis. |
| Nuclear meltdown | A nuclear meltdown (core meltdown, core melt accident, meltdown or partial core melt) is a severe nuclear reactor accident that results in core damage from overheating. The term nuclear meltdown is not officially defined by the International Atomic Energy Agency or by the United States Nuclear Regulatory Commission. |
| Great Filter | The Great Filter, in the context of the Fermi paradox, is one possible resolution of the paradox. It posits that in the development of life from the earliest stages of abiogenesis to reaching the highest levels of development on the Kardashev scale, there exists some particular barrier to development that makes detectable extraterrestrial life exceedingly rare.The concept originates in Robin Hanson's argument that the failure to find any extraterrestrial civilizations in the observable universe implies that something is wrong with one or more of the arguments (from various scientific disciplines) that the appearance of advanced intelligent life is probable; this observation is conceptualized in terms of a "Great Filter" which acts to reduce the great number of sites where intelligent life might arise to the tiny number of intelligent species with advanced civilizations actually observed (currently just one: human). |
| Doomsday device | A doomsday device is a hypothetical construction — usually a weapon or weapons system — which could destroy all life on a planet, particularly Earth, or destroy the planet itself, bringing "doomsday", a term used for the end of planet Earth. Most hypothetical constructions rely on hydrogen bombs being made arbitrarily large, assuming there are no concerns about delivering them to a target (see Teller–Ulam design) or that they can be "salted" with materials designed to create long-lasting and hazardous fallout (e.g., a cobalt bomb). |
| Arithmetic | Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today. |
| Bitwise operation | In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor. |
| Special Activities Center | The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015. |
| Significant figures | Significant figures (also known as the significant digits, precision or resolution) of a number in positional notation are digits in the number that are reliable and necessary to indicate the quantity of something.\nIf a number expressing the result of a measurement (e.g., length, pressure, volume, or mass) has more digits than the number of digits allowed by the measurement resolution, then only as many digits as allowed by the measurement resolution are reliable, and so only these can be significant figures. |
| Competition | Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. |
| Customer Profitability Analysis | Customer Profitability Analysis (in short CPA) is a management accounting and a credit underwriting method, allowing businesses and lenders to determine the profitability of each customer or segments of customers, by attributing profits and costs to each customer separately. CPA can be applied at the individual customer level (more time consuming, but providing a better understanding of business situation) or at the level of customer aggregates / groups (e.g. |
| Porter's five forces analysis | Porter's Five Forces Framework is a method of analysing the operating environment of a competition of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability. |
| December | December is the twelfth and the final month of the year in the Julian and Gregorian calendars. It is also the last of seven months to have a length of 31 days. |
| December 17 | December 17 is the 351st day of the year (352nd in leap years) in the Gregorian calendar; 14 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n497 BC – The first Saturnalia festival was celebrated in ancient Rome. |
| December 10 | December 10 is the 344th day of the year (345th in leap years) in the Gregorian calendar; 21 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n1317 – The "Nyköping Banquet": King Birger of Sweden treacherously seizes his two brothers Valdemar, Duke of Finland and Eric, Duke of Södermanland, who were subsequently starved to death in the dungeon of Nyköping Castle. |
| December 1924 German federal election | Federal elections were held in Germany on 7 December 1924, the second that year after the Reichstag had been dissolved on 20 October. The Social Democratic Party remained the largest party in the Reichstag, receiving an increased share of the vote and winning 131 of the 493 seats. |
| December 1 | December is the twelfth and the final month of the year in the Julian and Gregorian calendars. It is also the last of seven months to have a length of 31 days. |
| 2016 in aviation | This is a list of aviation-related events from 2016.\n\n\n== Events ==\n\n\n=== January ===\nThe Government of Italy permitted United States unmanned aerial vehicles (UAVs or drones) to fly strike missions from Naval Air Station Sigonella in Sicily where the US has operated unarmed surveillance UAVs since 2001 against Islamic State targets in Libya, but only if they are "defensive," protecting U.S. forces or rescuers retrieving downed pilots. |
| December 18 | December 11 is the 345th day of the year (346th in leap years) in the Gregorian calendar; 20 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n220 – Emperor Xian of Han is forced to abdicate the throne by Cao Cao's son Cao Pi, ending the Han dynasty. |
| December 26 | December 15 is the 349th day of the year (350th in leap years) in the Gregorian calendar; 16 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n533 – Vandalic War: Byzantine general Belisarius defeats the Vandals, commanded by King Gelimer, at the Battle of Tricamarum. |
| December 31 | December 3 is the 337th day of the year (338th in leap years) in the Gregorian calendar; 28 days remain until the end of the year.\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n915 – Pope John X crowns Berengar I of Italy as Holy Roman Emperor (probable date). |
| Limited liability company | A limited liability company (LLC) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. |
| Limited liability partnership | A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. |
| The Liability | The Liability (also known as The Hitman's Apprentice) is a 2013 British black comedy crime-thriller film directed by Craig Viveiros and written by John Wrathall. The film stars Tim Roth, Talulah Riley, Jack O'Connell and Peter Mullan. |
| Limited liability | Limited liability is a legal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors. |
| No liability | A no-liability company in Australia (suffix NL) is a company which, under the Corporations Act 2001 (Cth), must have as its stated objects that it is solely a mining company and that it is not entitled to calls on the unpaid issue price of shares. It is a company which is restricted to mining activities and is the only sort of corporation which is entitled to this form of liability, given the sometimes financially risky business of mining. |
| Legal liability | In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. |
| Product liability | Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. Although the word "product" has broad connotations, product liability as an area of law is traditionally limited to products in the form of tangible personal property. |
| Liability insurance | Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.\nOriginally, individual companies that faced a common peril formed a group and created a self-help fund out of which to pay compensation should any member incur loss (in other words, a mutual insurance arrangement). |
| Vicarious liability | Vicarious liability is a form of a strict, secondary liability that arises under the common law doctrine of agency, respondeat superior, the responsibility of the superior for the acts of their subordinate or, in a broader sense, the responsibility of any third party that had the "right, ability or duty to control" the activities of a violator. It can be distinguished from contributory liability, another form of secondary liability, which is rooted in the tort theory of enterprise liability because, unlike contributory infringement, knowledge is not an element of vicarious liability. |
| Regulation | Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. |
| Regulation (European Union) | A regulation is a legal act of the European Union that becomes immediately enforceable as law in all member states simultaneously. Regulations can be distinguished from directives which, at least in principle, need to be transposed into national law. |
| Regulation of therapeutic goods | The regulation of therapeutic goods, defined as drugs and therapeutic devices, varies by jurisdiction. In some countries, such as the United States, they are regulated at the national level by a single agency. |
| Allosteric regulation | In biochemistry, allosteric regulation (or allosteric control) is the regulation of an enzyme by binding an effector molecule at a site other than the enzyme's active site.The site to which the effector binds is termed the allosteric site or regulatory site. Allosteric sites allow effectors to bind to the protein, often resulting in a conformational change involving protein dynamics. |
| Risk Factors |
|---|
| HUNT J B TRANSPORT SERVICES INC ITEM 1A RISK FACTORS In addition to the forward-looking statements outlined previously in this Form 10-K and other comments regarding risks and uncertainties, the following risk factors should be carefully considered when evaluating our business |
| Our business, financial condition or financial results could be materially and adversely affected by any of these risks |
| Also note that additional risks not currently identified or known to us could also negatively impact our business or financial results |
| Our business is subject to general economic and business factors that are largely out of our control, any of which could have a material adverse effect on our results of operations |
| Our business is dependent upon a number of factors that may have a material adverse effect on the results of our operations, many of which are beyond our control |
| These factors include significant increases or rapid fluctuations in fuel prices, excess capacity in the trucking industry, surpluses in the market for used equipment, interest rates, fuel taxes, license and registration fees, insurance premiums, self-insurance levels, and difficulty in attracting and retaining qualified drivers and independent contractors |
| We are also affected by recessionary economic cycles and downturns in customers’ business cycles, particularly in market segments and industries such as retail and manufacturing, where we have a significant concentration of customers |
| Economic conditions represent a greater potential for loss, and we may be required to increase our reserve for bad-debt losses |
| In addition, our results of operations may be affected by seasonal factors |
| Customers tend to reduce shipments after the winter holiday season, and our operating expenses tend to be higher in the winter months primarily due to colder weather, which causes higher fuel consumption from increased idle time and higher maintenance costs |
| We operate in a competitive and somewhat fragmented industry |
| Numerous factors could impair our ability to maintain our current profitability and to compete with other carriers and private fleets |
| Some of these factors include: • We compete with many other truckload carriers of varying sizes and, to a lesser extent, with less-than-truckload carriers and railroads, some of which have more equipment and greater capital resources than we do |
| • Some of our competitors periodically reduce their freight rates to gain business, especially during times of reduced growth rates in the economy, which may limit our ability to maintain or increase freight rates or maintain our profit margins |
| • Many customers reduce the number of carriers they use by selecting so-called “core carriers” as approved transportation service providers, and in some instances we may not be selected |
| 8 ______________________________________________________________________ • Many customers periodically accept bids from multiple carriers for their shipping needs, and this process may depress freight rates or result in the loss of some business to competitors |
| • Certain of our customers that operate private fleets to transport their own freight could decide to expand their operations |
| • The trend toward consolidation in the trucking industry may create other large carriers with greater financial resources and other competitive advantages relating to their size |
| • Advances in technology require increased investments to remain competitive, and our customers may not be willing to accept higher freight rates to cover the cost of these investments |
| We derive a significant portion of our revenue from a few major customers, the loss of one or more of which could have a material adverse effect on our business |
| For the calendar year ended December 31, 2005, our top 10 customers, based on revenue, accounted for approximately 40prca of our revenue |
| Our largest customer is Wal-Mart Stores, Inc, which accounted for approximately 15prca of our total revenue in 2005 |
| Our JBT and JBI segments typically do not have long-term contracts with their customers |
| While our DCS segment business may involve a written contract, those contracts may contain cancellation clauses, and there is no assurance that our current customers will continue to utilize our services or that they will continue at the same levels |
| A reduction in or termination of our services by one or more of our major customers could have a material adverse effect on our business and operating results |
| We depend on third parties in the operation of our business |
| Our Intermodal business segment utilizes railroads in the performance of its transportation services |
| These services are provided pursuant to contractual relationships with the railroads |
| While we have agreements with various Class I railroads, the majority of our business travels on the Burlington Northern Santa Fe and the Norfolk Southern Railroad |
| The inability to utilize one or more of these railroads could have a material adverse effect on our business and operating results |
| We also utilize the services of a number of third-party dray carriers to perform a significant number of our origin and destination pickups and deliveries |
| In addition, a portion of the freight we deliver is imported to the United States through ports of call that are subject to labor union contracts |
| Difficulty in attracting and retaining drivers could affect our profitability and ability to grow |
| Periodically, the trucking industry experiences substantial difficulty in attracting and retaining qualified drivers, including ICs |
| A shortage of qualified company drivers and ICs has proven to be particularly severe during the past few years |
| In spite of continued increases in driver compensation and recruiting costs, the industry is currently experiencing a significant shortage of drivers |
| If we are unable to continue attracting an adequate number of drivers or contract with enough independent contractors, we could be required to significantly increase our driver compensation package or let trucks sit idle, which could adversely affect our growth and profitability |
| Ongoing insurance and claims expenses could significantly reduce our earnings |
| Our future insurance and claims expenses might exceed historical levels, which could reduce our earnings |
| During 2005, we self-insured a portion of our claims exposure resulting from cargo loss, personal injury, property damage and health claims for amounts up to the first dlra2 million for auto accidents and dlra1 million for workers’ compensation |
| Effective January 1, 2006, the self-insured portion of our claims exposure for personal injury and workers’ compensation was reduced to dlra500cmam000 |
| If the number or severity of claims for which we are self-insured increases, our operating results could be adversely affected |
| Insurance carriers have recently raised premiums for most trucking 9 ______________________________________________________________________ companies |
| If these expenses increase, and we are unable to offset the increase with higher freight rates, our earnings could be materially and adversely affected |
| The Internal Revenue Service (IRS) has proposed to disallow the tax benefits associated with certain sale-and-leaseback transactions |
| As previously disclosed, the Internal Revenue Service (IRS) has proposed to disallow the tax benefits associated with certain sale-and-leaseback transactions, which we entered into in 1999 |
| Based on events occurring subsequent to December 31, 2004, we established a reserve for a contingent tax liability of dlra33dtta6 million at December 31, 2004 |
| The liability for this contingency, which included estimated interest expense, was included on our consolidated balance sheet at December 31, 2004, as a long-term liability |
| We accrued approximately dlra2dtta7 million of interest expense during 2005 related to this contingency |
| We continue to believe our tax positions comply with applicable tax law for which we received advice and opinions from our then external public accountants and attorneys prior to entering into these transactions, and we continue to vigorously defend against the IRS position using all administrative and legal processes available |
| If the IRS were successful in disallowing 100prca of the tax benefit from this transaction, the total ultimate impact on liquidity could be approximately dlra44 million, excluding interest |
| Our operations are subject to various environmental laws and regulations, the violation of which could result in substantial fines or penalties |
| We are subject to various environmental laws and regulations dealing with the handling of hazardous materials, underground fuel storage tanks, and discharge and retention of storm water |
| We operate in industrial areas, where truck terminals and other industrial activities are located, and where groundwater or other forms of environmental contamination have occurred |
| Our operations involve the risks of fuel spillage or seepage, environmental damage and hazardous wastes disposal, among others |
| We also maintain bulk fuel storage and fuel islands at several of our facilities |
| If we are involved in a spill or other accident involving hazardous substances, or if we are found to be in violation of applicable laws or regulations, it could have a material adverse effect on our business and operating results |
| If we should fail to comply with applicable environmental regulations, we could be subject to substantial fines or penalties and to civil and criminal liability |
| We operate in a regulated industry, and increased direct and indirect costs of compliance with, or liability for violation of, existing or future regulations could have a material adverse effect on our business |
| The DOT and various state agencies exercise broad powers over our business, generally governing matters including authorization to engage in motor carrier service, equipment operation, safety and financial reporting |
| We are audited periodically by the DOT to ensure that we are in compliance with various safety, hours-of-service, and other rules and regulations |
| If we were found to be out of compliance, the DOT could restrict or otherwise impact our operations |
| Effective October 1, 2005, driver HOS regulations were revised |
| The majority of these rule changes had initially been effective January 4, 2004 |
| These collective changes were the most significant changes to driver HOS in more than 40 years |
| In general, the new rules require a driver to take at least eight consecutive hours in the sleeper berth during a 10-hour off-duty period |
| These new rules primarily affect short-haul and multiple-stop freight operations and had a minor negative impact on our overall operations and financial results |
| Effective October 1, 2002, the EPA required that most newly manufactured heavy-duty tractor engines comply with certain new emission standards |
| In addition to higher initial purchase prices, these tractors have also experienced an average 4prca to 5prca reduction in fuel efficiency |
| Effective with model-year 2007 tractors, the EPA has mandated even lower emission standards for newly manufactured heavy-duty tractor engines |
| We are planning our new equipment purchases to 10 ______________________________________________________________________ accommodate these new standards, but also to allow adequate time for testing of the new engines |
| We are unable to predict the impact these new standards will have on our future operations and business results |
| Rapid changes in fuel costs could impact our periodic financial results |
| During the past several years, fuel cost per gallon has varied significantly, with prices at times changing as much as $ |
| 25 per gallon between consecutive months |
| We have a fuel surcharge revenue program in place with the majority of our customers, which has historically enabled us to recover the majority of higher fuel costs |
| Most of these programs automatically adjust weekly depending on the cost of fuel |
| However, there can be timing differences between a change in our fuel cost and the timing of the fuel surcharges billed to our customers |
| In addition, we incur additional costs when fuel prices rise that cannot be fully recovered due to our engines being idled during cold or warm weather and empty or out-of-route miles that cannot be billed to customers |
| Rapid increases in fuel costs or shortages of fuel could have a material adverse effect on our operations or future profitability |
| As of December 31, 2005, we had no derivative financial instruments to reduce our exposure to fuel price fluctuations |