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

11 May 2020
A refrigerated rail service sold by Union Pacific Railroad to shippers has shut down amid the COVID-19 downturn in volumes and competition from rival BNSF Railway and other large IMCs.
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.
18 Jul 2014
After seeing “substandard” intermodal rail service cut its container utilization in the second quarter, the Hub Group expects gradual service improvement from its main partners...
Hub Group containers
12 Jun 2014
Hub Group is adding equipment, technology and drayage drivers in an effort to improve intermodal fluidity.
24 Apr 2014
U.S. intermodal should see another year of robust demand, provided that rail service recovers following service disruptions in the first quarter, according to an executive from Hub Group.
Norbert Dentressangle rose to 24th from 29th after acquiring Fiege’s logistics operations in Italy, Spain and Portugal.
21 Apr 2014
The world’s largest third-party logistics providers showed minuscule growth in 2013 for the second consecutive year, as sluggish trade growth affected forwarding volume and other 3PL segments saw only modest increases.
26 Mar 2014
Heavy snow and frigid temperatures in the Midwest will keep Universal Truckload Services' earnings from rising to their projected levels in the first quarter, the trucking firm warned. It's not alone.
29 Jan 2014
Hub Group reported net income in the fourth quarter of 2013 was $16.5 million, down 12 percent from $18.8 million in the same period in 2012, ending the year in a slump after three quarters of growth.
21 Oct 2013
Hub Group reported profit in the third quarter of 2013 totaling $18.6 million, inching up year-over-year from $18.5 million.
10 Oct 2013
Hub Group has lowered its expectations for the third quarter of 2013 to a range of 48 to 51 cents diluted earnings per share.
18 Jul 2013
Hub Group reported net income in the second quarter of 2013 totaling $18.6 million, up 10 percent from $17 million in the second quarter of 2012.
31 May 2013
Shippers reluctant to jump into intermodal rail transport have a major incentive to test the waters: relatively low intermodal rates with few signs on the horizon for aggressive hikes.
18 Apr 2013
Hub Group today reported a record income of $15.4 million for the first quarter of 2013, an increase of 12 percent compared with $13.7 million for the first quarter of 2012.
30 Jan 2013
Asset-light freight transportation management company Hub Group reported income in the fourth quarter of 2012 was $18.8 million, rising 11 percent compared with the fourth quarter of 2011.
22 Oct 2012
Hub Group Inc. reported record net income of $18.5 million for the third quarter, ended Sept. 30, 2012.
01 Oct 2012
The western railroads provide the vital intermodal link between the West Coast and the eastern half of the country for containerized imports from Asia, and they appear to be taking in stride the cargo
14 Sep 2012
The timing and health of shipping peak season is as murky on the rails and roads as it is on the water.
19 Jul 2012
A 9 percent jump in intermodal volume lifted Hub Group’s profit in the second quarter by 18 percent year-over-year to $16.9 million.
20 Apr 2012
Hub Group reported a 15 percent increase in intermodal freight volume in the first quarter, boosting its intermodal revenue 20 percent to $404 million.
27 Jan 2012
Hub Group expects a “transformational year” for the intermodal industry as Eastern rail network expansion boosts intermodal volumes, company officials said.
07 Nov 2011
Intermodal provider Hub Group said its Comtrak Logistics unit acquired assets of intermodal drayage trucker Challenge
27 Jul 2011
Intermodal service provider Hub Group’s second quarter profit rose 49 percent year-over-year to $14.4 million, powered by a 12 percent increase in shipments loaded onto railcars.
21 Jul 2011
The CEO of Union Pacific Railroad says uncertainty among rail customers about the economy’s direction makes it hard to predict, even as he expects a freight traffic pickup in the second half of
19 Apr 2011
Intermodal service provider Hub Group reported a $10.5 million profit for the first quarter, up 21 percent from a year earlier.
11 Apr 2011
Intermodal marketing giant Hub Group demonstrated its faith in the economic recovery last week with the $83 million acquisition of Exel Transportation Services.
04 Apr 2011
Intermodal transportation giant Hub Group acquired Exel Transportation Services, a $717 million third-party logistics company, from Deutsche Post subsidiary Exel.
24 Mar 2011
Intermodal marketer Hub Group expects overall U.S. intermodal pricing this year to rise 3 to 5 percent, driven by railroad charges, while long-haul trucking rates increase in the high single digits.
28 Jan 2011
A solid 19 percent revenue gain in its principal intermodal business and a 38 percent leap for its logistics unit helped push Hub Group's fourth quarter profit up 26 percent from a year earlier to $13
15 Dec 2010
Transportation analyst John Larkin of Stifel Nicolaus is downgrading his stock ratings of three major intermodal companies, to 'hold' from 'buy,' citing their current valuations and the potential for
19 Oct 2010
Intermodal logistics firm Hub Group saw net income soar 28 percent in the third quarter from a year earlier to $12.6 million, with double-digit sales gains by its three business segments – intermodal,
21 Jul 2010
Intermodal middleman and logistics firm Hub Group posted a 16 percent gain in second-quarter net income from a year earlier, to $9.63 million, as volume in its main box-shipment business jumped by 25
29 Jun 2010
Trucking companies that once kept third-party logistics providers at arm’s length are pulling them in for a closer embrace as they seek new sources of freight.
28 Jun 2010
Mark A. Yeager has a message for intermodal shippers trying to plan out their year: Capacity is tight and will only get tighter leading up to autumn’s peak season.