J.B. Hunt Adds 20 Additional Nikola FCEVs to Expand Sustainability Solutions for Customers

Rhea-AI Summary

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has added 20 Nikola Tre fuel cell electric vehicles (FCEVs) to expand sustainability solutions for customers with freight needs along the West Coast. These vehicles will primarily support J.B. Hunt Intermodal operations in California, helping to address shipper concerns with recent carbon emission reduction requirements in the state.

The FCEVs join J.B. Hunt's fleet of over 200 alternative-powered equipment vehicles, including battery-electric, hydrogen-electric, and renewable natural gas (RNG) powered vehicles. This expansion aligns with J.B. Hunt's goal to reduce carbon emission intensity by 32% by 2034 from a 2019 baseline.

J.B. Hunt offers various sustainable solutions for customers, including intermodal conversion, empty-mile reduction, Carbon Diet Services, and the CLEAN Transport™ program. These initiatives have helped avoid an estimated 30 million metric tons of CO2e emissions over the past decade and 4-plus million empty miles in 2023 alone.

LOWELL, Ark.--(BUSINESS WIRE)-- J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced that it has added 20 Nikola Tre fuel cell electric vehicles (FCEVs) to expand sustainability solutions for customers with freight needs along the West Coast.

“Our expertise, resources and relationships uniquely position us to help our customers pursue and realize their sustainability goals,” said Greer Woodruff, executive vice president of safety, sustainability and maintenance at J.B. Hunt. “Zero-emission vehicles such as these will help along the path to generate viable, sustainable options that help customers advance their efforts to reduce carbon emissions in their supply chain while also helping J.B. Hunt progress on its sustainability journey.”

Several of the new FCEVs are anticipated to support J.B. Hunt Intermodal operations in California and will primarily be utilized for port and drayage transport. They are expected to help alleviate growing shipper concerns with recent requirements in the state aimed at reducing carbon emissions and adopting zero-emission vehicle technology, specifically rules from the California Air Resource Board (CARB) and the South Coast AQMD’s Warehouse Actions and Investments to Reduce Emissions (WAIRE) program. Customers can eliminate WAIRE fees and reduce their carbon footprint by working with J.B. Hunt to schedule zero-emission vehicle pick-ups and deliveries.

The Nikola FCEVs will join the 200-plus alternative-powered equipment vehicles that J.B. Hunt currently operates on behalf of customers, which includes battery-electric, hydrogen-electric and renewable natural gas (RNG) powered vehicles. Fueling and infrastructure support will be provided by Nikola via its HYLA brand. J.B. Hunt purchased three Nikola FCEVs in 2023 that are currently supporting dedicated customer operations.

J.B. Hunt understands how to incorporate alternative-powered vehicles into customers’ operations thanks to the company’s trusted teams who are constantly testing and exploring opportunities to gain hands-on experience with them. Recently, J.B. Hunt kicked off a pilot program with Clean Energy featuring the new Cummins X15N engine, one of the latest developments in RNG-powered vehicles. J.B. Hunt also assisted customers Daimler Truck North America and Electrolux with adding alternative powered-vehicles to its operations.

Incorporating alternative-powered equipment into its fleet, expanding the use of biogenic fuels and improving fuel economy are three key focus areas for J.B. Hunt to reach its ambitious goal to reduce carbon emission intensity 32% by 2034 from a baseline year of 2019. Overall progress toward all three areas helped the company surpass the halfway mark for reaching its ambitious goal last year.

Offering a Variety of Flexible, Sustainable Solutions

J.B. Hunt works closely with customers on solutions to help achieve their sustainability targets. In addition to incorporating alternative-powered equipment, the company’s sustainability offerings for customers include:

• Intermodal conversion – J.B. Hunt is the industry leader in converting over-the-road shipments to rail, which on average reduces a shipment’s carbon footprint by 65% versus highway truck transportation. Over the past decade, J.B. Hunt’s intermodal service has helped avoid an estimated 30 million metric tons of CO2e emissions from over-the-road truck transportation.

• Empty-mile reduction – By utilizing its industry leading technology platform J.B. Hunt 360^®, the company secures backhaul capacity for customers, driving out millions of empty miles every year. In 2023 alone, J.B. Hunt helped avoid an estimated 4-plus million empty miles.

• J.B. Hunt Carbon Diet Services – This best practices guide is used to advise customers on cost-effective means to reduce carbon emissions intensity using the company’s carbon diet methodology. It includes the company’s propriety CLEAN Transport™ Carbon Calculator used to determine a customer’s carbon footprint.

• CLEAN Transport™ program - Through this carbon-neutral shipping offering, J.B. Hunt provides customers with a flexible method to acquire carbon offset credits equivalent to the emissions produced by their shipments.

For more information on J.B. Hunt’s sustainability journey and solutions available for customers, visit the Environmental Sustainability Hub on the company’s website.

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 www.jbhunt.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240927257060/en/

Brittnee Davie

Vice President - Marketing

press@jbhunt.com

Source: J.B. Hunt Transport Services Inc.

FAQ

How many Nikola Tre FCEVs did J.B. Hunt (JBHT) add to its fleet?

J.B. Hunt added 20 Nikola Tre fuel cell electric vehicles (FCEVs) to expand sustainability solutions for customers with freight needs along the West Coast.

What is J.B. Hunt's (JBHT) carbon emission reduction goal?

J.B. Hunt aims to reduce carbon emission intensity by 32% by 2034 from a baseline year of 2019.

How many alternative-powered vehicles does J.B. Hunt (JBHT) currently operate?

J.B. Hunt currently operates over 200 alternative-powered equipment vehicles on behalf of customers, including battery-electric, hydrogen-electric, and renewable natural gas (RNG) powered vehicles.

What sustainable solutions does J.B. Hunt (JBHT) offer to customers?

J.B. Hunt offers intermodal conversion, empty-mile reduction, Carbon Diet Services, and the CLEAN Transport™ program as sustainable solutions for customers.

How many empty miles did J.B. Hunt (JBHT) help avoid in 2023?

In 2023, J.B. Hunt helped avoid an estimated 4-plus million empty miles through its empty-mile reduction initiative.