J.B. Hunt and UP.Labs are set to create a Logistics Venture Lab.
by Web Administrator
Oct 03, 2024 15:30
J.B. Hunt Transport, a major player in North America's supply chain solutions, has partnered with UP.Labs to create the Logistics Venture Lab (LVL). This lab aims to launch up to six startups over three years to address key challenges in the logistics and freight industry, with the first startups expected in 2025. The focus will be on enhancing efficiency through innovations in areas like brokerage and truckload services. Both companies emphasize leveraging technology and collaboration to drive advancements in transportation, building on their respective histories of innovation.