JB Hunt close to intermodal deal with Norfolk Southern

Mike

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Staff member
Oct 13 (Reuters) - U.S. freight company J.B. Hunt Transport Services (JBHT.O) is close to signing a long-term intermodal agreement with an eastern railroad, most likely Norfolk Southern Corp (NSC.N), according to analysts.

JB Hunt, which provides trucking as well as intermodal services, currently partners with Norfolk Southern and CSX Corp (CSX.N) in eastern United States to transport freight through their rail networks.

At least five analysts believe that JB Hunt and Norfolk Southern are in discussions for a longer-term deal that would benefit the former in terms of pricing and fuel costs.

JB Hunt, primarily a trucking company, started offering intermodal services in 1989. Intermodal involves the use of multiple modes of transportation, such as trucks, rail and ships, for transferring freight.

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