Hub Group Expands its Automotive Solutions into All OEM Manufacturing Facilities

Rhea-AI Summary

Hub Group (Nasdaq: HUBG) Expands Automotive Industry Capabilities with Intermodal Services for OEM Manufacturing Facilities

Positive

• Hub Group (Nasdaq: HUBG) is expanding its automotive industry capabilities by introducing intermodal services for all OEM manufacturing facilities, strengthening its position in the marketplace.

Negative

• None.

OAK BROOK, Ill., July 27, 2023 (GLOBE NEWSWIRE) -- Hub Group (Nasdaq: HUBG) announced today that it will expand its automotive industry capabilities to include intermodal services into all OEM manufacturing facilities. Through longstanding relationships with automotive manufacturers and Union Pacific Railroad, Hub Group’s focus on transporting parts inbound for manufacturing will bolster the company’s automotive offering and add competitive service options in the marketplace.

“We are extremely excited about the growth opportunity we have unlocked with our partner, Union Pacific, in the north-south corridor between Mexico, the U.S. and Canada, utilizing the Falcon Premium service product,” said Phillip Yeager, Hub Group’s President and Chief Executive Officer. “Hub Group continues to expand our capabilities and deliver service, integrity and innovation to our customers’ supply chains.”

Hub Group will operate utilizing its intermodal expertise and fleet of nearly 50,000 GPS-enabled intermodal 53’ containers, while leveraging northbound and southbound service including Falcon Premium and Eagle Premium through Union Pacific. The railroad’s new Falcon Premium service provides the fastest service from the U.S. and Mexico border to Chicago and Detroit - and most direct routing entirely by rail between Canada and Mexico.

“We are excited that Hub Group, a long-standing Union Pacific partner, will leverage their growing fleet with our improved premium service product to now serve all of North America’s automotive production facilities,” said Kenny Rocker, Union Pacific’s Executive Vice President of Marketing and Sales.

About Hub Group 
Hub Group offers comprehensive transportation and logistics management solutions. Keeping our customers’ needs in focus, Hub Group designs, continually optimizes, and applies industry-leading technology to our customers’ supply chains for better service, greater efficiency, and total visibility. As an award-winning, publicly traded company (Nasdaq: HUBG) with over $5 billion in revenue, our nearly 6,000 employees across the globe are always in pursuit of “The Way Ahead” – a commitment to service, integrity and innovation. For more information, visit hubgroup.com. 

Source: Hub Group Inc

Contact: Brian Meents 630-437-6256

 

FAQ

What is Hub Group (Nasdaq: HUBG) announcing?

Hub Group is expanding its automotive industry capabilities to include intermodal services into all OEM manufacturing facilities.

How will this expansion impact Hub Group's competitive position?

This expansion will bolster the company’s automotive offering and add competitive service options in the marketplace.

Who are Hub Group's key partners in this expansion?

Hub Group has longstanding relationships with automotive manufacturers and Union Pacific Railroad.