Latest news with #J.B.Hunt
Yahoo
a day ago
- Business
- Yahoo
J.B. Hunt expands premium intermodal offering to shippers in Mexico
J.B. Hunt Transport Services announced the latest iteration of Quantum, its premium intermodal offering, on Friday. Quantum de Mexico will provide cross-border service to Mexican shippers with 'service-sensitive' transportation needs utilizing the networks of Western Class I railroad BNSF Railway (NYSE: BRK.B) and Mexico's largest rail provider, GMXT. In line with J.B. Hunt's (NASDAQ: JBHT) current Quantum offering, customers can expect 95% on-time delivery and up to one less day of transit time versus the standard intermodal service. The offering is designed to better compete with time-sensitive, highway freight hauled by truck. 'Mode conversion is one of the leading opportunities businesses can leverage in today's economic environment to drive efficiency and cost savings,' said Spencer Frazier, head of sales and marketing at J.B. Hunt, in a news release. 'The collaboration we're announcing today brings the full suite of our industry-leading intermodal service and its unmatched service excellence, scale and capacity to Mexico, building on the innovative success of a 35-year relationship.'To ensure premium service, new tracking systems will provide real-time shipment visibility. Quantum loads will be given priority status for drayage moves and railcar loading and unloading. Support staff from all three companies will provide around-the-clock service. Major Mexican markets served include Mexico City, Guadalajara and Monterrey to go along with key touch points in the U.S. like Chicago, Dallas-Fort Worth, the U.S. West Coast and other locations in the eastern U.S. The three companies partnered in 2024 to provide Mexico inbound-outbound intermodal service through the Eagle Pass Gateway. The new service was announced on Friday at an industry event in Puerto Vallarta, Mexico. J.B. Hunt also announced the opening of a new office in Queretaro, Mexico, in conjunction with the service launch.'Quantum de México represents a significant milestone in our commitment to innovation and excellence in logistics,' said Jon Gabriel, group vice president of consumer products at BNSF. 'Expanding our reach from coast to coast allows us to harness our collective strengths and broaden our ability to deliver an unparalleled experience to our customers.' More FreightWaves articles by Todd Maiden: ArcBest taps CH Robinson veteran to fix asset-light business Truckload spot rates to continue upward trend, RXO says Activist investor pushes Forward Air to execute 'value-maximizing sale' The post J.B. Hunt expands premium intermodal offering to shippers in Mexico appeared first on FreightWaves.
Yahoo
a day ago
- Business
- Yahoo
J.B. Hunt, BNSF and GMXT Launch Quantum de México for Service-Sensitive Freight Delivery
Joint effort expands availability of intermodal efficiency and cost savings to Mexico businesses PUERTO VALLARTA, Mexico, May 30, 2025--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America; BNSF Railway (BNSF), North America's largest intermodal railroad; and GMXT, the largest rail provider in Mexico announced the launch of a new intermodal offering for Mexico businesses with service-sensitive freight delivery. The new offering - Quantum de México, a J.B. Hunt, BNSF and GMXT service™ - will follow the successful service model of its US counterpart launched by J.B. Hunt and BNSF in November 2023. Quantum provides the consistency, agility and speed needed to transport sensitive highway freight using rail, meeting businesses' "just in time" freight needs. The service is optimized for efficiency, offering a 95+% on-time delivery rate that's up to one day faster than traditional intermodal service. The new service utilizes the latest advancements in tracking and monitoring systems, providing real-time visibility and control over shipments, minimizing delays and optimizing performance. Designated J.B. Hunt, BNSF and GMXT support teams will provide 24x7 oversight, delivering consistent and reliable transit times including features like priority drayage as well as railcar loading and unloading. "Mode conversion is one of the leading opportunities businesses can leverage in today's economic environment to drive efficiency and cost savings," said Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt. "The collaboration we're announcing today brings the full suite of our industry-leading intermodal service and its unmatched service excellence, scale and capacity to Mexico, building on the innovative success of a 35-year relationship." The three announced the new service at the Congreso Intermodal de la Asociación Mexicana del Transporte Intermodal (AMTI) in Puerto Vallarta on May 30. To support customer needs and enable growth in Mexico, J.B. Hunt has opened a new office in Queretaro, Mexico. Quantum de México will operate on key routes connecting major cities and industrial hubs in both countries. Some of the primary markets served include: US: Chicago, Dallas-Fort Worth, the US West Coast, and US eastern destinations Mexico: Mexico City, Guadalajara and Monterrey "Quantum de México represents a significant milestone in our commitment to innovation and excellence in logistics," said Jon Gabriel, group vice president – consumer products at BNSF. "Expanding our reach from coast to coast allows us to harness our collective strengths and broaden our ability to deliver an unparalleled experience to our customers." In 2024, J.B. Hunt, BNSF and GMXT launched intermodal service to and from Mexico through the Eagle Pass Gateway. Together, the three companies provide one of the most comprehensive transportation networks reaching locations throughout North America: J.B. Hunt owns and operates the largest intermodal fleet in North America with unparalleled coast-to-coast market access. BNSF operates the largest intermodal rail network in North America. GMXT is the largest rail provider in Mexico. "We have demonstrated that rail and its intermodal services are key allies to industries not only in Mexico but across North America, through a strategic alliance with J.B. Hunt and BNSF. The progress in service quality that we offer allows us to continue innovating while maintaining efficiency and reliability, with new services like Quantum de México," said Luis Hernández, vice president intermodal at GMXT. Intermodal Potential in Mexico As more businesses utilize Mexico to solve supply chain challenges, the country has grown to be one of the Top 10 exporters in the world, with more than 2/3 of those exports destined for the US. Top export industries include automotive, manufacturing, agricultural, electronics and other service-sensitive freight areas. Nearly 70% of freight transported across the Mexico/US border is moved by traditional over-the-road (OTR) highway transport. The collaboration looks to capitalize on the untapped potential of intermodal service for businesses moving freight in and out of Mexico, including converting OTR highway freight to rail intermodal and optimizing container efficiency. Intermodal conversion is the most widely available ground transportation solution for cutting carbon emissions, reducing a shipment's carbon footprint by an average of 65% compared to OTR truck transportation. About J.B. Hunt J.B. Hunt's vision is to create the most efficient transportation network in North America. The company's industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country and third-party capacity through its J.B. Hunt 360°® digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders. J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company's services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit About BNSF Railway BNSF Railway is one of North America's leading freight transportation companies. BNSF operates approximately 32,500 route miles of track in 28 states and three Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food, and beverages. BNSF's shipments help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at About GMXT GMXT (BMV: GMXT) is the leading ground transportation company in Mexico with the best coverage and connectivity. GMXT covers 24 states of Mexico, almost 90% of the country's GDP, and a significant presence in Florida and Texas. GMXT's network has an unrivaled seamless integration with the rest of North America through 6 interchange points along the US-Mexico border. More information about GMXT is available at View source version on Contacts Brittnee Daviepress@ Kendall SloanMedia@ Analy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
a day ago
- Business
- Associated Press
J.B. Hunt, BNSF and GMXT Launch Quantum de México for Service-Sensitive Freight Delivery
PUERTO VALLARTA, Mexico--(BUSINESS WIRE)--May 30, 2025-- J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America; BNSF Railway (BNSF), North America's largest intermodal railroad; and GMXT, the largest rail provider in Mexico announced the launch of a new intermodal offering for Mexico businesses with service-sensitive freight delivery. The new offering - Quantum de México, a J.B. Hunt, BNSF and GMXT service™ - will follow the successful service model of its US counterpart launched by J.B. Hunt and BNSF in November 2023. Quantum provides the consistency, agility and speed needed to transport sensitive highway freight using rail, meeting businesses' 'just in time' freight needs. The service is optimized for efficiency, offering a 95+% on-time delivery rate that's up to one day faster than traditional intermodal service. The new service utilizes the latest advancements in tracking and monitoring systems, providing real-time visibility and control over shipments, minimizing delays and optimizing performance. Designated J.B. Hunt, BNSF and GMXT support teams will provide 24x7 oversight, delivering consistent and reliable transit times including features like priority drayage as well as railcar loading and unloading. 'Mode conversion is one of the leading opportunities businesses can leverage in today's economic environment to drive efficiency and cost savings,' said Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt. 'The collaboration we're announcing today brings the full suite of our industry-leading intermodal service and its unmatched service excellence, scale and capacity to Mexico, building on the innovative success of a 35-year relationship.' The three announced the new service at the Congreso Intermodal de la Asociación Mexicana del Transporte Intermodal (AMTI) in Puerto Vallarta on May 30. To support customer needs and enable growth in Mexico, J.B. Hunt has opened a new office in Queretaro, Mexico. Quantum de México will operate on key routes connecting major cities and industrial hubs in both countries. Some of the primary markets served include: 'Quantum de México represents a significant milestone in our commitment to innovation and excellence in logistics,' said Jon Gabriel, group vice president – consumer products at BNSF. 'Expanding our reach from coast to coast allows us to harness our collective strengths and broaden our ability to deliver an unparalleled experience to our customers.' In 2024, J.B. Hunt, BNSF and GMXT launched intermodal service to and from Mexico through the Eagle Pass Gateway. Together, the three companies provide one of the most comprehensive transportation networks reaching locations throughout North America: 'We have demonstrated that rail and its intermodal services are key allies to industries not only in Mexico but across North America, through a strategic alliance with J.B. Hunt and BNSF. The progress in service quality that we offer allows us to continue innovating while maintaining efficiency and reliability, with new services like Quantum de México,' said Luis Hernández, vice president intermodal at GMXT. Intermodal Potential in Mexico As more businesses utilize Mexico to solve supply chain challenges, the country has grown to be one of the Top 10 exporters in the world, with more than 2/3 of those exports destined for the US. Top export industries include automotive, manufacturing, agricultural, electronics and other service-sensitive freight areas. Nearly 70% of freight transported across the Mexico/US border is moved by traditional over-the-road (OTR) highway transport. The collaboration looks to capitalize on the untapped potential of intermodal service for businesses moving freight in and out of Mexico, including converting OTR highway freight to rail intermodal and optimizing container efficiency. Intermodal conversion is the most widely available ground transportation solution for cutting carbon emissions, reducing a shipment's carbon footprint by an average of 65% compared to OTR truck transportation. About J.B. Hunt J.B. Hunt's vision is to create the most efficient transportation network in North America. The company's industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country and third-party capacity through its J.B. Hunt 360° ® digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders. J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company's services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit About BNSF Railway BNSF Railway is one of North America's leading freight transportation companies. BNSF operates approximately 32,500 route miles of track in 28 states and three Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food, and beverages. BNSF's shipments help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at About GMXT GMXT (BMV: GMXT) is the leading ground transportation company in Mexico with the best coverage and connectivity. GMXT covers 24 states of Mexico, almost 90% of the country's GDP, and a significant presence in Florida and Texas. GMXT's network has an unrivaled seamless integration with the rest of North America through 6 interchange points along the US-Mexico border. More information about GMXT is available at View source version on CONTACT: Brittnee Davie [email protected] Sloan [email protected] Mendoza [email protected] KEYWORD: ARKANSAS LATIN AMERICA NORTH AMERICA UNITED STATES MEXICO CENTRAL AMERICA INDUSTRY KEYWORD: TRUCKING RAIL AIR TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT OTHER TRANSPORT SOURCE: J.B. Hunt Transport Services Inc. Copyright Business Wire 2025. PUB: 05/30/2025 12:00 PM/DISC: 05/30/2025 12:01 PM
Business Wire
a day ago
- Business
- Business Wire
J.B. Hunt, BNSF and GMXT Launch Quantum de México for Service-Sensitive Freight Delivery
PUERTO VALLARTA, Mexico--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America; BNSF Railway (BNSF), North America's largest intermodal railroad; and GMXT, the largest rail provider in Mexico announced the launch of a new intermodal offering for Mexico businesses with service-sensitive freight delivery. The new offering - Quantum de México, a J.B. Hunt, BNSF and GMXT service™ - will follow the successful service model of its US counterpart launched by J.B. Hunt and BNSF in November 2023. Quantum provides the consistency, agility and speed needed to transport sensitive highway freight using rail, meeting businesses' 'just in time' freight needs. The service is optimized for efficiency, offering a 95+% on-time delivery rate that's up to one day faster than traditional intermodal service. The new service utilizes the latest advancements in tracking and monitoring systems, providing real-time visibility and control over shipments, minimizing delays and optimizing performance. Designated J.B. Hunt, BNSF and GMXT support teams will provide 24x7 oversight, delivering consistent and reliable transit times including features like priority drayage as well as railcar loading and unloading. 'Mode conversion is one of the leading opportunities businesses can leverage in today's economic environment to drive efficiency and cost savings,' said Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt. 'The collaboration we're announcing today brings the full suite of our industry-leading intermodal service and its unmatched service excellence, scale and capacity to Mexico, building on the innovative success of a 35-year relationship.' The three announced the new service at the Congreso Intermodal de la Asociación Mexicana del Transporte Intermodal (AMTI) in Puerto Vallarta on May 30. To support customer needs and enable growth in Mexico, J.B. Hunt has opened a new office in Queretaro, Mexico. Quantum de México will operate on key routes connecting major cities and industrial hubs in both countries. Some of the primary markets served include: US: Chicago, Dallas-Fort Worth, the US West Coast, and US eastern destinations Mexico: Mexico City, Guadalajara and Monterrey "Quantum de México represents a significant milestone in our commitment to innovation and excellence in logistics,' said Jon Gabriel, group vice president – consumer products at BNSF. 'Expanding our reach from coast to coast allows us to harness our collective strengths and broaden our ability to deliver an unparalleled experience to our customers." In 2024, J.B. Hunt, BNSF and GMXT launched intermodal service to and from Mexico through the Eagle Pass Gateway. Together, the three companies provide one of the most comprehensive transportation networks reaching locations throughout North America: J.B. Hunt owns and operates the largest intermodal fleet in North America with unparalleled coast-to-coast market access. BNSF operates the largest intermodal rail network in North America. GMXT is the largest rail provider in Mexico. 'We have demonstrated that rail and its intermodal services are key allies to industries not only in Mexico but across North America, through a strategic alliance with J.B. Hunt and BNSF. The progress in service quality that we offer allows us to continue innovating while maintaining efficiency and reliability, with new services like Quantum de México,' said Luis Hernández, vice president intermodal at GMXT. Intermodal Potential in Mexico As more businesses utilize Mexico to solve supply chain challenges, the country has grown to be one of the Top 10 exporters in the world, with more than 2/3 of those exports destined for the US. Top export industries include automotive, manufacturing, agricultural, electronics and other service-sensitive freight areas. Nearly 70% of freight transported across the Mexico/US border is moved by traditional over-the-road (OTR) highway transport. The collaboration looks to capitalize on the untapped potential of intermodal service for businesses moving freight in and out of Mexico, including converting OTR highway freight to rail intermodal and optimizing container efficiency. Intermodal conversion is the most widely available ground transportation solution for cutting carbon emissions, reducing a shipment's carbon footprint by an average of 65% compared to OTR truck transportation. About J.B. Hunt J.B. Hunt's vision is to create the most efficient transportation network in North America. The company's industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country and third-party capacity through its J.B. Hunt 360° ® digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders. J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company's services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit About BNSF Railway BNSF Railway is one of North America's leading freight transportation companies. BNSF operates approximately 32,500 route miles of track in 28 states and three Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food, and beverages. BNSF's shipments help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at About GMXT
Yahoo
22-05-2025
- Business
- Yahoo
J.B. Hunt and Eastern and Canadian railways see steady intermodal volume
NEW YORK – The reduction in U.S.-bound shipments from China after steep tariffs were imposed in April has yet to show up in J.B. Hunt's intermodal volumes. 'Our volumes have been steady,' J.B. Hunt (NASDAQ: JBHT) Intermodal President Darren Field told an investor conference on Tuesday. Importers rushed to beat tariff deadlines earlier this year, then paused shipments after tariff hikes were announced on April 2 and have resumed ordering goods from China after a 90-day pause in the trade war was announced two weeks ago. Tariffs that were as high as 145% on Chinese goods now sit at 30% — at least temporarily. The trade whipsaw created the expectation that there would be an 'air pocket' in international container volume arriving at U.S. ports this month, and that intermodal volume would decline as a Field says there's no single, simple answer to how tariffs have affected J.B. Hunt's intermodal customers. 'There's customers that are down, there are some that are up, there's a whole bunch that are just kind of normal,' he said. 'So there's still a little bit of wait and see for us, and we're encouraged by our dialogue with the customers.' J.B. Hunt's eastbound moves out of Southern California — home to the busiest port complex in the U.S. at Los Angeles and neighboring Long Beach — consist predominantly of goods transloaded from international containers. The company is the largest domestic intermodal operator. In many cases, Field says, retail inventory can sit in warehouses for days, weeks or even months before being shipped inland to BNSF Railway terminals in Texas, Chicago or Kansas City, Missouri.A relatively small percentage of that volume makes its way east of Chicago via interchange with Norfolk Southern (NYSE: NSC) and CSX (NASDAQ: CSX), Field says. Growth in the East has been outpacing J.B. Hunt's Western traffic. 'You know, it's been one of the real success stories we feel like over the last year has played out for us in that both of our Eastern rail providers are really doing a great job for us,' Field said. 'Norfolk Southern and CSX have been good partners and have delivered a great service product. We've worked together to talk about what we need to do, to sustain service, high service quality for our customers moving forward.' Field says overall rail service is the best it's been in 10 years. 'Really all of our providers are excellent,' he said. ' We're thrilled with where we're at on rail service.' And that has helped J.B. Hunt convert freight to intermodal at a time when its customers are under increasing pressure to reduce transportation costs. NS Chief Financial Officer Jason Zampi says East Coast ports are regaining market share that was lost to the West Coast amid labor and supply chain upheaval, which has helped the railroad's international intermodal volume hold up. 'We really haven't seen a drop-off in that yet, and our domestic business is staying pretty steady,' Zampi told the investor conference on Tuesday. If there is an import cliff, Zampi says, it will be more pronounced on the West Coast and there will be less of an impact at the East Coast ports that NS serves. Eastern rival CSX shares the same view. ''Cliff' is a strong word,' CSX Chief Commercial Officer Kevin Boone told the expects to see some softness in its port business, but pre-stocking of inventory will boost domestic intermodal volume and help offset any international lull, he says. The magnitude of the international swoon is up for debate, Boone says, but CSX's customers say they expect a rebound in July and August. Meanwhile, CSX this week announced faster transit times for 50 intermodal lanes effective June 2. CN CEO Tracy Robinson says Prince Rupert, British Columbia — the railway's key port for Chinese imports bound for Chicago and the Midwest — has seen its container volume growth accelerate this year despite the trade war. The port has been recovering market share lost to U.S. West Coast ports during labor disruptions at CN (NYSE: CNI) and British Columbia ports over the past couple of years. Gemini, the alliance of Maersk and Hapag-Lloyd, is now calling on Prince Rupert, which has helped boost volumes, too. CN and Gemini are positioning the port as the fastest and most efficient way to get Asian goods to the Midwest due to a combination of shorter sailing time, lower on-dock dwell and express service from Rupert to Chicago. 'We do remain optimistic there will be trade deals between the U.S. and most countries,' Robinson told the conference. CPKC CEO Keith Creel says his railroad, which derives just 1% of its revenue from shipments related to China, will not experience a drop in international intermodal traffic. 'We're not looking at a cliff,' he said. 'We've got a tremendous amount of demand that's coming to discharge in the Canadian ports,' Creel said of traffic bound for inland points in Canada. Much of that is from Gemini, which aims to have its ships arrive on schedule – a rarity for ocean carriers. 'They put an alliance together based on what I would call PSR steamship service that matches up with the PSR railroad service,' Creel said, referring to the railway's precision scheduled railroading operating model. With ships running on time, CPKC (NYSE: CP) can better plan its train departures from Vancouver, British Columbia. 'So far, they've been in service now for two months. They're 100% on time,' Creel said. CPKC also handles Gemini business at ports in Mexico and eastern Canada. The executives spoke at the Wolfe Research 18th Annual Global Transportation & Industrials Conference. The post J.B. Hunt and Eastern and Canadian railways see steady intermodal volume appeared first on FreightWaves. Sign in to access your portfolio
