Partners J.B. Hunt and BNSF Railway Co. on Wednesday said they plan to add thousands of shipping containers and improve rail equipment at key facilities to address capacity issues in the intermodal marketplace.
Demand for intermodal services, a combination of truck and rail shipping, has grown in recent years as companies try to secure capacity, while cutting costs and their carbon footprint.
Intermodal shipping is more affordable and requires four times less fuel than truck-only shipping, notable for shippers who want to reduce their carbon emissions or fuel costs, said analyst Justin Long, of Stephens Inc.
"I think there is an opportunity to grow substantially, with carriers doubling or tripling the intermodal market in the next five years," Long said.
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