Hub Group

Truck hauling Hub Group container

Hub Group is No. 22 on the JOC’s list of Top 40 Global 3PLs, compiled by SJ Consulting, with $3.4 billion in revenue in 2013 earned through its drayage, highway, and intermodal transport solutions. Hub Group’s 2013 revenues were up 8 percent from the previous year’s $3.1 billion.

Intermodal shipping was the largest source of Hub Group’s revenue. The Oak Brook, Illinois-based company  employs 1,982 people and operates 35 offices in North America. Hub Group’s operations are limited primarily to the North American markets of Canada, Mexico, and the United States.

The company operates using an asset-light strategy and also offers logistics solutions through its subsidiary, Unyson Logistics. Hub also owns and operates the subsidiary Hub Group Trucking Inc., formerly Comtrak, which handles approximately 70 percent of Hub’s drayage needs. The company’s 2014 plans include adding approximately 2,000 containers, bringing its total fleet to 28,000, and adding 400 drivers to its drayage fleet.

Key coverage

Hub Group’s 4Q Profit Slumped

Hub Group Cuts Guidance for Third Quarter

Hub Group Profit Jumps 10 Percent

Hub Group Reports Record First Quarter Income

Hub Group’s Income Rose 17 Percent in 2012

27 Oct 2016
The Oak Brook, Illinois-based trucking and transportation provider posted record-breaking domestic intermodal volume but tightening profit margins in their third-quarter earnings.
27 Jul 2016
Looking beyond the broader market, Hub Group sees share gain, more volume ahead.
27 Apr 2016
Hub Group says it expects to see more intermodal business than previously forecast for 2016 after the company reported profit growth in the first quarter.
05 Apr 2016
Intermodal marketing company Hub Group has tapped long-time logistics executive Steve Rand as executive vice president of sales to suceed Jim Gaw, who has been with the company for 28 years.
17 Feb 2016
The recent decision by Hub Group to discontinue its employee-based drayage operation in Southern California is the latest event in a tug of war between the independent contractor model of trucking and the employee model that is likely to continue for some time to come and the result will impact costs for shippers.
03 Feb 2016
After a tumultuous year that saw a high-profile management shake-up and intermodal volume declines, Hub Group finished 2015 with a strong fourth quarter. Profit jumped double digits in the last three months of 2015 on stronger intermodal and truck brokerage freight volume and recovering rail service, the company said.
10 Nov 2015
Logistics operators at the U.S.-Mexican border are handling more transloaded truck freight, as rising volumes clash with the weak peso and imbalanced capacity.
29 Oct 2015
Hub Group profit rebounded in the third quarter after a management shake-up and intermodal volume declines. The strong quarter was partly thanks to increased intermodal and truck brokerage freight volume and incremental rail service improvements, the company said.
14 Oct 2015
Mark Yeager has stepped down from Hub Group’s board, two months after resigning from his post as chief operating officer of the freight-shipping firm, according to the company.
16 Sep 2015
The Hub Group has tapped a consultant to its board of directors and a former executives who has filled multiple roles as president and COO, replacing Mark Yeager who abruptly left both positions in August.
11 Aug 2015
Hub Group’s President and Chief Operating Officer Mark Yeager has resigned from his post, a move one analyst called a “surprising and abrupt” departure from the Chicago area-based intermodal rail provider.
22 Jul 2015
Hub Group said the intermodal rail service of its two major partners, Union Pacific Railroad and Norfolk Southern Railway, is improving, albeit not fully recovered, delivering a better financial performance than the prior quarter.