J.B. Hunt Buying Walmart's Intermodal Assets
J.B. Hunt Transport Services has strengthened its ties with Walmart through a long-term intermodal agreement. This collaboration involves both companies committing to increased volume and capacity for intermodal transportation, reflecting their confidence in its efficiency. Additionally, J.B. Hunt will acquire Walmart's existing intermodal assets, further expanding its own fleet and capabilities.
This move underscores J.B. Hunt's dedication to intermodal growth, as evidenced by their ambitious expansion plans to significantly increase their container fleet and strategic investments in transloading facilities near major ports.
Furthermore, J.B. Hunt has partnered with BNSF Railway to launch Quantum, a premium service offering faster and more reliable rail options, and established a cross-border service with Mexico. By deepening its partnership with Walmart and making strategic investments, J.B. Hunt positions itself as a frontrunner in the evolving intermodal transportation landscape.
Courtesy: WSJ