J B Hunt Inks Long-Term, Strategic Alliance With Waymo Via

J B Hunt Transport Services Inc JBHT entered a long-term, strategic alliance with Waymo Via to advance efforts to integrate commercial autonomous driving technology in transportation and logistics. Deal terms not disclosed.
"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 EVP at J B Hunt.
The expanded collaboration includes multiple pilots to further analyze the operational capacity of Waymo Via, the 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. The upcoming pilots will take place in the same lane.
The parties will also explore solutions that merge autonomous driving technology and the digital marketplace.
Price Action: JBHT shares are trading lower by 2.36% at $199.37 on the last check Friday.