J.B. Hunt Signs Long-Term Intermodal Agreement With Walmart
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart, in an arrangement that includes J.B. Hunt’s purchase of Walmart’s intermodal assets.
- J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart, in an arrangement that includes J.B. Hunt’s purchase of Walmart’s intermodal assets.
- In connection with the service agreement and increased commitments, J.B. Hunt will acquire Walmart’s operational intermodal container and chassis fleets.
- Hunt always said ‘Good partners attract good partners,’" said Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt.
- In 2023, J.B. Hunt and its long-time joint service provider BNSF Railway launched Quantum, a breakthrough intermodal service to convert service-sensitive highway freight to intermodal.