JB Hunt, BNSF Initiate Joint Efforts To Improve Intermodal Capacity Challenges

March 16, 2022 2:17 PM | 1 min read | Make a Comment

JB Hunt Transport Services Inc JBHT and BNSF Railway Company (BNSF) have come together to substantially improve capacity in the intermodal marketplace.
Demand for intermodal services has grown significantly in recent years as companies look to secure capacity while reducing costs and their carbon footprint.
Based on current and projected trends, JB Hunt plans to grow its intermodal fleet to 150,000 containers in the next three to five years, reflecting a 40+% increase from 2021-end.
BNSF will increase capability at multiple intermodal facilities as part of the initiative. In addition to growing its container count, J.B. Hunt will add supporting chassis based on market need.
Price Action: JBHT shares are trading higher by 6.56% at $212.03 on the last check Wednesday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.