J.B. Hunt Signs Long-Term Intermodal Agreement With Walmart

J.B. Hunt Transport Services Inc., one of the largest supply chain solutions providers in North America, announced 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.

The strategic service 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. In connection with the service agreement and increased commitments, J.B. Hunt will acquire Walmart’s operational intermodal container and chassis fleets.

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 its long-time joint service provider BNSF Railway launched Quantum, a breakthrough 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.

-via Press Release

This article was posted on: February 26, 2024