Hub Group Misses Analyst Expectations on Weak Q2 Market
Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.
Hub Group Buys Forward Air Final-Mile Unit for $262 Million
Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.
Hub Group Reports Revenue and Earnings Decline for Q1
Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
Hub Group Sets Leadership Succession Plan
Hub Group has announced a leadership succession plan under which control will remain in the hands of the founding Yeager family.
November 21, 2022Hub Group Reports Record Q4 Revenue
Hub Group Inc. reported record fourth-quarter revenue and net income as the company benefited from high pricing caused by constraints across the supply chain.
Hub Group Acquires Choptank Transport
Intermodal and logistics company Hub Group announced it acquired Choptank Transport Inc., which was founded in 2000 and is a provider of non-asset refrigerated transportation solutions.
Hub Group Reports Q1 Revenue, Profit Gains
Hub Group posted large first-quarter gains in profits and revenue, reflecting a strong freight market.
Hub Group Begins Electric Truck Fleet Pilot
Hub Group will operate a Freightliner eCascadia in its electric truck fleet pilot as part of an objective to deploy commercial EVs in real-world applications, the company announced April 23.
April 23, 2021Hub Group’s Revenue Rises, but Charges Suppress Earnings
Revenue increased but profit fell at Hub Group in the fourth quarter as it took charges to increase insurance claim reserves and to close an office.
Hub Group’s Q3 Earnings Lower as Pricing Issues Squeeze Profits
Hub Group reported lower third-quarter earnings as pricing issues hurt its profit margin.