J.B. Hunt trades for 2,100 new Freightliners

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J.B. Hunt is ordering Freightliners equipped with the MBE 4000 for its Intermodal and Dedicated Contract Services division. The engine, marketed by Detroit Diesel, is not currently subject to the new emissions requirements.

J.B. Hunt Transport Services reached an agreement with Freightliner on a truck sale and trade package to purchase 2,100 new Freightliner trucks and trade in the same number of older vehicles. The deal will increase J.B. Hunt’s net capital expenditures to around $200 million for 2003 from about $150 million, but the carrier anticipates a reduction in maintenance expenses for the year.

The package includes a variety of truck and engine types and will result in a significant reduction in the average age of J.B. Hunt’s fleets, especially in the Intermodal and Dedicated Contract Services (DCS) business segments. Those units will retire most of their cabover tractors in exchange for conventionals.