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

Top 50 Trucking Companies 2019
06 Apr 2020
The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
13 Feb 2020
Non-asset intermodal providers want railroads to be more lenient on container charges and late fees when bidding for shipper business in order to become more competitive with the likes of J.B. Hunt Transport Services.
05 Feb 2020
Amid weak intermodal volumes in 2019, the JOC Domestic Intermodal Savings Index shows spot and contract savings are lower than historical averages, although the year closed stronger for shipper savings on the spot market.
11 Nov 2019
In the heart of what is supposed to be peak season, rail container traffic is not only much slower than a year ago, but also behind 2017 levels as well — and truck seems sluggish, too.
05 Nov 2019
As spot intermodal rates begin to save shippers more money than earlier in 2019, shippers are seeing reduced savings on contract business.
31 Oct 2019
Top intermodal providers had few positives in describing the current state of the market with little to no seasonal uptick in container volumes on rail.
09 Sep 2019
The Journal of Commerce has learned Amazon has acquired 53-foot containers, signaling an intention to tender intermodal volume directly to Class I railroads without an intermediary and marketing itself as an end-to-end supply chain solution for small retailers.
01 Aug 2019
Schneider National cut its 2019 earnings guidance, citing an uncertain outlook for trucking and intermodal volumes in the second half of the year.
12 Jul 2019
Analysts expect more of a negative outlook from railroads in second-quarter earnings calls, as shippers have not sent as much on intermodal as they have anticipated in 2019.
09 May 2019
BNSF Railway, Norfolk Southern, and CSX say domestic intermodal contract rates have risen by upper single-digit percentages in the first quarter, but some non-asset intermodal marketing companies tell quite a different story.
08 May 2019
Historically, intermodal rail has offered a slower, lower-cost option for shippers, but with truckload prices falling, intermodal rail is now more expensive than trucking in some secondary markets.
Top 50 Trucking Companies 2018
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
01 Nov 2017
As intermodal rail container and trailer volumes hit historic highs, pressure, that may lift pricing in 2018 and beyond, is building.
01 Sep 2017
Hub Group has launched a new cargo tracking tool.
09 Jun 2017
As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
30 May 2017
The deal underscores the rising demand for dedicated trucking services, as shippers look to put their contract and capacity concerns at ease in an off-kilter economy.
06 Feb 2017
The transportation providers’ confidence has been spurred by an intermodal market that is improving.
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.
24 Apr 2015
The Hub Group expects intermodal rail service to keep improving throughout the year but doesn’t expect a return to mid-2013 service levels until at least 2016.
05 Feb 2015
The Hub Group said U.S. intermodal rail service deteriorated further in the fourth quarter from the prior quarter, but it’s now seeing improvement and service could start approaching levels last seen in mid-2013, before last year’s harsh winter, as soon as this summer.
16 Dec 2014
U.S. intermodal trains on average are moving faster, but they still have a ways to go before delivering the level of service shippers had come to expect before last winter.
24 Nov 2014
U.S. shippers dependent on congested ports face a tough year ahead, FTR Associates says. But that doesn't mean 2015 will be easy — or cheap — for anyone shipping freight in the U.S.
24 Oct 2014
Shippers and their logistics and transportation providers must collaborate, and not simply negotiate, if they hope to resolve a host of supply chain problems, starting with equipment, personnel and capacity shortages.
24 Oct 2014
The Hub Group said poor U.S. rail service, chassis shortages and inadequate gate reservations at Union Pacific Railroad terminals cost it intermodal volume in the third quarter and doesn't expect rail service improvement until the spring of 2015.
11 Sep 2014
Hub Group said it expects its costs to rise at least temporarily with the company’s conversion of its 350 California drayage drivers to company employees in order to settle litigation alleging they were misclassified as independent contractors.