JB Hunt (CCJ Top 250, No. 3) acquired Wal-Mart's mixed assets. a fleet of intermodal shipping containers and chassis operated by Walmart; The company announced Thursday that it is joining the two companies in a multi-year, integrated services agreement. The companies say this will increase their respective current volume and capacity commitments and enable them to develop comprehensive intermodal solutions.
J.B. Hunt has worked with Walmart on transportation solutions for decades, and “Mr. Hunt always said, 'Good partners attract good partners,'” said J.B. Hunt's executive vice president of sales and marketing. Spencer Frazier said. “Today's announcement builds on the mutual trust that both companies have built over time. A testament to our shared vision, innovative deals like this demonstrate JB Hunt's disciplined stance in furthering our mission to create long-term value for our employees, customers and shareholders. is an approach to strategically allocating capital. ”
JB Hunt aims to convert more road transport to intermodal transport, reducing transport carbon emissions by an average of 60%. JB Hunt Intermodal operates one of the world's largest privately owned intermodal fleets, specializing in domestic and international cargo transportation, including ocean, transshipment, temperature control and rapid response.
“Finding new ways to serve and exceed the expectations of our customers and members is important to us,” said Fernando Cortes, Walmart's senior vice president of transportation. “Walmart's long history with J.B. Hunt has been filled with milestones of innovation and growth. This agreement strengthens our commitment to delivering products to our customers and members at low costs every day.”
Last year, J.B. Hunt and its longtime joint service provider BNSF Railway launched Quantum, an intermodal service that transforms service-oriented highway freight into intermodal transportation. The companies also created a new service option that leverages coast-to-coast access within the United States to support cross-border cargo transportation to and from Mexico.
