Hub Group Reports Record 1Q Earnings

Hub Group Inc. late Thursday reported record first-quarter earnings on higher revenue at its intermodal, logistics and truck brokerage units.

Net income rose to $15.4 million, or 42 cents per share, from $13.7 million, or 37 cents, a year ago. Revenue rose 4% to $769 million.

Intermodal revenue rose 6% to $427 million, truck brokerage revenue increased 4% to $84 million and revenue at its Unyson Logistics unit rose 3% to $82 million.

Hub Group is ranked No. 31 on the Transport Topics Logistics 50 listing of U.S. and Canadian logistics companies.