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Walmart’s intermodal fleet, consisting of 14,100 53-foot containers, will now be managed by J.B. Hunt.
Walmart exits intermodal transport in landmark long-term J.B. Hunt deal. Here's what's happening:
Strategic Exit: Walmart is transitioning out of the intermodal transport sector, offloading its container and chassis fleets to J.B. Hunt, a key freight partner. Financial details were not disclosed.
Operational Shift: This move is part of a broader effort by Walmart to streamline its supply chain by leveraging J.B. Hunt's expertise in logistics and transportation services.
Background: Starting in Southern California in 2018, Walmart's dip into managing its own intermodal operations aimed at enhancing supply chain control and efficiency. The service expanded across the U.S., integrating rail into its freight mix to improve transportation.
Asset Details: Walmart’s intermodal fleet, consisting of 14,100 53-foot containers, will now be managed by J.B. Hunt, which is looking to expand its intermodal container fleet to 150,000 by 2027.
Eco Plus: Swapping truck for rail with J.B. Hunt could slash Walmart's carbon footprints by 60%.
We’re excited about this new multi-year intermodal service agreement with @Walmart that will drive long-term value for both organizations. https://t.co/1zQy2weMIT
— J.B. Hunt 360 (@jbhunt360) February 22, 2024
Source: Sourcing Journal
Union Pacific’s $85 billion Norfolk Southern merger and Hub Group’s $51.8 million Marten Intermodal deal signal major shifts in U.S. freight, raising questions on competition, costs, and capacity.
October sees robust intermodal container rebound with 745,500 units, signaling market recovery and fluidity.
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