J.B. Hunt to Buy 5,000 Navistar Heavy Trucks

J.B. Hunt to Buy 5,000 Navistar Heavy Trucks

Intermodal trucker J.B. Hunt Transport Services will buy more than 5,000 heavy trucks from Navistar over the next five years.

The companies signed a purchase agreement today for International sleepers and day cabs powered by cleaner burning 2010-model-year diesel engines.

Financial terms of the transaction were not disclosed.

The new vehicles represent an expansion of its fleet, as well as an upgrade. At the end of last year J.B. Hunt owned about 8,000 trucks that were 2.7 years old on average.

With the new contract, "We will be adding some of the most fuel-efficient and driver-friendly tractors in the industry to our fleet," said President and CEO Kirk Thompson.

The Lowell, Ark.-based carrier will need new equipment to handle freight it is gaining in the nascent recovery. Hunt reported a 21 percent increase in intermodal volume in the first quarter, and a 4.7 percent increase in truck shipments.

It has also been purchasing rolling containers and "trailing equipment" to handle the additional business, according to company reports.

-- Contact William B. Cassidy at wcassidy@joc.com.