Press release
J.B. Hunt to Expedite Overseas Delivery of New Containers and Customer Freight With Long-Term Service Agreement
Custom-branded Johnelle and Johnnie Bryan Vessels Lead Delivery on Company Commitment to Grow Capacity LOWELL, Ark.--(BUSINESS WIRE)-- J.B. Hunt Transport
About this update from J.b. Hunt Transport Services, Inc.
[{"type":"text","content":"\nCustom-branded Johnelle and Johnnie Bryan Vessels Lead Delivery on Company Commitment to Grow Capacity\n\n LOWELL, Ark.--(BUSINESS WIRE)--\nJ.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that the cargo vessel Johnelle has docked at the Port of Everett in Washington, with more than 250 new containers reserved for the expansion of J.B. Hunt’s intermodal fleet.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220630005652/en/Cargo vessel Johnelle, among others, will transport new J.B. Hunt containers overseas to deliver on company commitment to grow capacity. (Photo: Business Wire)\nThe Johnnie Bryan, a second cargo vessel, is expected to dock at the Port of Hueneme in California next month with additional new containers. The two are part of a long-term, multi-vessel service agreement between J.B. Hunt and Swire Shipping Pte. Ltd. that will help expedite the overseas transport of new company containers and provide customers with a unique solution for accelerating international cargo movement from Asia.\n\n\"This is yet another example of our people listening to the needs of customers and developing a creative solution to efficiently deliver on their capacity needs,” said John Roberts, president and CEO of J.B. Hunt. “It is our honor to name two of the vessels helping us charter new waters this year after the original visionaries who knew the potential of what our company could be.\"\n\nUnder the agreement, J.B. Hunt will have ongoing cargo shipping opportunities available from the Shenzhen, Qingdao and Shanghai markets in China to ports in California and the Pacific Northwest. The planned moves will help customers alleviate supply chain challenges such as equipment dislocation and fluidity, dwell time and demurrage by streamlining the ocean transport and transloading process.\n\n“We’re really solving for two very big challenges with this agreement,” said Darren Field, president of intermodal and executive vice president at J.B. Hunt. “First, we’re adding intermodal capacity, which will provide customers with more opportunity to leverage the cost-savings and sustainability benefits that J.B. Hunt Intermodal offers. Second, we’re greatly reducing the time it takes for customers’ freig...