J.B. Hunt and Waymo Via Announce Long-Term Collaboration with Plans to Complete Fully Autonomous Transport

Rhea-AI Summary

J.B. Hunt Transport Services has announced a long-term strategic alliance with Waymo Via to integrate autonomous driving technology in transportation and logistics. This partnership aims to enhance efficiency in North America's transportation network, with plans to implement fully autonomous transport in Texas over the next few years. The collaboration will involve multiple pilot programs, building on successful initial trials, and explore digital marketplace solutions through J.B. Hunt 360°, which processed 1.2 million loads in 2020.

Positive

• Long-term strategic alliance with Waymo to explore autonomous driving technology.
• Multiple pilot programs to analyze operational capacity and enhance efficiency.
• Collaboration builds on successful initial trials, indicating strong potential.

Negative

• None.

Multi-year agreement will feature multiple pilots and explore digital marketplace integration

LOWELL, Ark.--(BUSINESS WIRE)-- J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, today announced a long-term, strategic alliance with Waymo Via that will advance innovative efforts to integrate commercial autonomous driving technology in transportation and logistics, with ultimate plans to complete fully autonomous transport in Texas in the next few years.

J.B. Hunt and Waymo Via announce long-term collaboration (Photo: Business Wire)

"Our pilot last year with Waymo Via really helped us get a hands-on understanding of how autonomous driving technology could be implemented within our operations," said Craig Harper, chief sustainability officer and executive vice president at J.B. Hunt. "This strategic alliance will continue that momentum and further explore the intricate details that would make this a value-driven solution for customers. We believe autonomous driving technology will help us create the most efficient transportation network in North America, and our collaboration with Waymo Via is a pivotal step towards fulfilling that mission.”

The expanded collaboration will include multiple pilots to further analyze the operational capacity of Waymo Via, the company’s autonomous Class 8 trucking unit powered by the Waymo Driver, to address customer needs in realistic scenarios. Waymo and J.B. Hunt completed their first trial runs last year moving freight along I-45 in Texas for one of J.B. Hunt’s leading customers. The upcoming pilots will take place in the same lane.

“Our collaboration with J.B. Hunt in 2021 was incredibly fruitful,” said Charlie Jatt, head of commercialization for trucking at Waymo. “Establishing this strategic alliance marks an exciting moment for our relationship, and more importantly, paves the way for us both to help grow the foundations for successful deployment and to capitalize on the benefits of autonomous driving technology. We’re incredibly grateful for our relationship with J.B. Hunt and their shared vision for the safety and efficiency benefits we can bring to the industry at a critical time.”

Beyond the highway, the two will explore solutions that merge two of the most innovative forces in the transportation industry - autonomous driving technology and the digital marketplace. J.B. Hunt’s technology platform - J.B. Hunt 360°® - is an industry leader in digital freight matching and was responsible for processing 1.2 million loads in 2020. Waymo has over a decade of experience in building autonomous driving technology, having driven over 20 million miles on public roads across 13+ U.S. states and 20 billion miles in simulation. The combined solution, which would make Waymo Via accessible through J.B. Hunt 360, would be a unique offering with potential to greatly improve transportation efficiency.

Additionally, the collaboration will include operational and market studies to refine the commercial readiness of the driving technology.

About J.B. Hunt

J.B. Hunt Transport Services Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.

About Waymo

Waymo is an autonomous driving technology company with a mission to make it safe and easy for people and things to get where they’re going. Since our start as the Google Self-Driving Car Project in 2009, Waymo has been focused on building, deploying, and commercializing the World’s Most Experienced Driver™ technology to improve the world's access to mobility while saving thousands of lives now lost to traffic crashes. The Waymo Driver powers Waymo One, the world's first fully autonomous ride-hailing service, as well as Waymo Via, our trucking and local delivery service. To date, Waymo has autonomously driven tens of millions of miles on public roads and tens of billions of miles in simulation, across 13+ U.S. states. For more: www.waymo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220114005115/en/

Brittnee Davie

Vice President - Marketing

479.419.3178

press@jbhunt.com

Source: J.B. Hunt Transport Services, Inc.

FAQ

What is the recent partnership between J.B. Hunt and Waymo about?

J.B. Hunt has formed a long-term strategic alliance with Waymo to integrate autonomous driving technology in transportation and logistics.

When will J.B. Hunt implement fully autonomous transport?

The plans for fully autonomous transport are set for the next few years, specifically in Texas.

What is J.B. Hunt's role in the digital marketplace with Waymo?

J.B. Hunt will explore merging autonomous driving technology with its J.B. Hunt 360° digital freight matching platform.

What were the results of the initial collaboration between J.B. Hunt and Waymo?

The initial collaboration included successful pilot trials moving freight along I-45 in Texas.

How many loads did J.B. Hunt process in 2020?

J.B. Hunt’s technology platform processed 1.2 million loads in 2020.