J.B. Hunt Transport Services Inc. announced February 22 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 carrier said the strategic service agreement increases the companies’ respective current volume and capacity commitments and enables the development of comprehensive intermodal solutions. 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 worked closely with Walmart for decades. to provide efficient transportation solutions. “Today’s announcement is a testament to the mutual trust and shared vision our companies have developed over time, and 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,” said Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt.
