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J.B. Hunt, Walmart Sign Intermodal Agreement

[ March 14, 2024   //   ]

J.B. Hunt Transport Services Inc., a leading North American supply chain solutions provider, said its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart.
The agreement increases the companies’ respective current volume and capacity commitments and enables the development of comprehensive intermodal solutions to drive long-term value for both organizations, J.B. Hunt said.
Under the agreement, J.B. Hunt is purchasing Walmart’s intermodal assets, while J.B. Hunt will acquire Walmart’s operational intermodal and chassis fleets.
J.B. Hunt has worked with the retail behemoth for decades. “Innovative arrangements like this one demonstrate J.B. Hunt’s disciplined approach to strategically allocating capital to advance our mission of driving long-term value for our people, customers and shareholders,” Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt
“Walmart’s long history of working with J.B. Hunt has many milestones of innovation and growth. This agreement will strengthen our commitment to delivering goods at an everyday low cost to our customers and members,” said Fernando Cortes, senior vice president of transportation at Walmart.
Lowell, Arkansas-based J.B. Hunt said it is a leader in converting over-the-road shipment to intermodal shipments, reducing a shipment’s carbon footprint by an average of 60 percent.
J.B. Hunt has long-standing relationships with the industry’s leading rail providers, and in recent years, has worked alongside them to enhance service quality and consistency. In 2023, J.B. Hunt and joint service provider BNSF Railway launched Quantum, an intermodal service to convert service-sensitive highway freight to intermodal. The two also created a new service option to support cross-border freight movement to and from Mexico with coast-to-coast access in the U.S.

J.B. Hunt has worked closely with Walmart for decades. PHOTO: J.B. Hunt Transport Inc.

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