J.B. Hunt Transport Services announced Thursday it has entered a long-term intermodal deal with Walmart that includes volume and capacity commitments. As part of the deal, J.B. Hunt will acquire Walmart’s intermodal assets.
The multiyear deal expands an existing relationship between the two Northwest Arkansas companies, with J.B. Hunt (NASDAQ: JBHT) buying Walmart’s (NYSE: WMT) intermodal containers and chassis. Neither the size of the fleets nor the purchase price was disclosed.
“Today’s...