J.B. Hunt, UP.Labs create FreightTech lab [Video]

J.B. Hunt Transport Inc. (NASDAQ:JBHT) announced Wednesday it is teaming up with venture group UP.Labs to create a logistics-focused technology incubator for startups looking to solve industry challenges.

“From the inception of modern intermodal transit to digital freight matching platforms to emerging safety technology and beyond, J.B. Hunt has always been people focused, technology empowered and capacity driven, and we’ve been on an innovation journey since our founding in 1961. … Our collaboration with UP.Labs will continue this journey as we look for new ways to disrupt, adapt and accelerate across the transportation industry,” said Shelley Simpson, president and CEO at J.B. Hunt, in a news release.

The Logistics Venture Lab will be looking for six companies to join its incubator over the next three years to focus on leveraging FreightTech within service areas including brokerage, dedicated transportation, intermodal and truckload freight.

“I’m thrilled to be collaborating with J.B. Hunt, a leader in the transportation …