Hub Group Sets 2-for-1 Stock Split

May 11, 2006 4:30 PM, EDT

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hird-party logistics firm Hub Group late Thursday said its board approved a 2-for-1 stock split, effective June 6.

The split will be for shareholders of record as of May 22, Hub Group said in a statement.

The company’s stock price closed at $48.99 Thursday. It reached a 52-week high of $51.59 on April 21 and a one-year low of $33.83 on Dec. 20, according to Bloomberg.

Hub Group is ranked No. 41 on the Transport Topics Logistics 50 listing of North American logistics firms.