Hub Group’s First-Quarter Income Gains
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Truckload brokerage revenue rose 16.4% to $69.5 million, while logistics revenue fell 25.3% to $26.5 million.
hird-party logistics provider Hub Group reported a first-quarter profit of $9.1 million or 44 cents a share, up from $5.3 million or 25 cents last year.
Revenue rose 8.3% to $356.7 million, the company said in a statement.
Intermodal revenue rose 11.3% to $260.7 million, including its acquisition of trucking and drayage firm Comtrak Inc. in early March. (Click here for previous coverage.)
Hub Group is ranked No. 41 on the Transport Topics Logistics 50 listing of North American logistics firms.
