Printer Friendly

J.B. HUNT TRANSPORT MARITIME SUBSIDIARY ANNOUNCES PARTNERSHIP

 J.B. HUNT TRANSPORT MARITIME SUBSIDIARY ANNOUNCES PARTNERSHIP
 LOWELL, Ark., May 13 /PRNewswire/ -- J.B. Hunt Transport (NASDAQ: JBHT) and Transportacion Maritima Mexicana (TMM), Mexico's largest maritime shipping company, announced today a new partnership called TMM/Hunt de Mexico. The announcement was made during J.B. Hunt's annual meeting held at corporate headquarters in Lowell, on Wednesday, May 13.
 This agreement offers seamless door-to-door carriage for transborder shipments between the United States and Mexico. Other advantages for TMM/Hunt de Mexico customers include consolidated billing, flexibility of payment in pesos or dollars and the assurance that all loads will be hauled on new, modern standard equipment.
 "We are excited to announce TMM/Hunt de Mexico because of the conveniences it offers our existing customers and future customers who are sure to appear with the advent of free trade in Mexico," said J.B. Hunt, chairman of J.B. Hunt Transport.
 Transborder customers of Hunt will also benefit from having the choice of moving freight to the Mexican border by truck or by rail thanks to Hunt's intermodal agreements. These agreements allow freight to be routed over the Laredo or El Paso, Texas gateways.
 Eventually, TMM/Hunt de Mexico customers will have the option of using intermodal service all the way to Mexico City through arrangements with FNM, the Mexican national railroad.
 "While this new partnership is designed to help us provide a better value for our customers, it will not be the only transportation option we offer for transborder shipments between the U.S. and Mexico," stressed Kirk Thompson, president and chief executive officer of J.B. Hunt.
 In addition to loads handled through TMM/Hunt de Mexico, J.B. Hunt will continue to interline with other Mexican carriers. "We are proud to have this well-capitalized, publicly held Mexican transportation giant as our partner," said Hunt at the announcement.
 -0- 5/13/92
 /CONTACT: Molly Remes of J.B. Hunt Transport, 501-820-8270/
 (JBHT) CO: J.B. Hunt Transport and Transportatacion Maritima Mexicana ST: Arkansas IN: MAR SU:


AH -- NY082 -- 9791 05/13/92 14:51 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 13, 1992
Words:346
Previous Article:NACCO INDUSTRIES INCREASES QUARTERLY DIVIDEND
Next Article:LYNN NATIVE PLEADS GUILTY TO MAKING FALSE STATEMENT TO BAYBANK AND CONFED
Topics:


Related Articles
What's up with Hunt?
J.B. HUNT TRANSPORT SERVICES, INC. CHANGES ACCOUNTING METHOD FOR RECOGNIZING REVENUE
J.B. HUNT TRANSPORT ANNOUNCES ACQUISITION
J.B. HUNT TRANSPORT, CONRAIL ANNOUNCE AGREEMENT
J.B. HUNT TRANSPORT SERVICES, INC. REPORTS RECORD REVENUES AND EARNINGS FOR THIRD QUARTER 1992
CN NORTH AMERICA AND J.B. HUNT SIGN AGREEMENT
J.B. HUNT TRANSPORT SERVICES, INC. REPORTS REVENUES AND EARNINGS FOR FIRST QUARTER 1993
J.B. HUNT TRANSPORT SERVICES, INC. REPORTS REVENUES AND EARNINGS FOR SECOND QUARTER 1993
J.B. HUNT ANNOUNCES $1 BILLION IN GROSS REVENUE
Wabash National Corporation Announces Single Source of Supply Partnership with J.B. Hunt Transport Services, Inc.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters