Peak tibial accelerations (TAs) during running are strongly related to early stance vertical ground reaction forces (GRFs), which are associated with musculoskeletal injury. However, few studies have examined these correlations during walking, and none have evaluated them during walking with loads, a relevant activity for military personnel. Our purpose was to determine the relationships between GRFs and TAs in US Army trainees (n = 649) walking with loads. An inertial measurement unit was attached over their distal antero-medial tibia. Participants walked on an instrumented treadmill at 1.21–1.34 m/s, with a pack loaded with 18.1 kg, for a 3-min warm-up followed by a minimum of 14 strides of data collection. Simple linear regression models were calculated for peak vertical and resultant TAs with vertical and posterior GRF loading rates and peak forces. The strongest relationships were between vertical loading rates and peak vertical TA (R = 0.43–0.50), however the relationships were weaker than has been reported for unloaded walking and running (R >​ 0.7). All other relationships were trivial to small (R = 0.06–0.27). The weaker relationships for vertical GRFs and TAs may be due to methodological differences between studies, or differences in gait mechanics, such as a longer double-limb support phase in loaded vs. unloaded walking.