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Hub Group Inc. (Nasdaq: HUBG) is a leading transportation management company with over $4 billion in revenue, offering a diverse range of logistics solutions across North America. With more than 44 years of experience, Hub Group provides innovative and customized intermodal, truck brokerage, and logistics services.
Intermodal Solutions: Hub Group's intermodal services stand out for their reliability and flexibility, utilizing a fleet of over 29,300 53-foot freight containers and more than 79,500 rail assets. The company arranges freight movement by contracting with railroads for the long-haul portion and local trucking companies for pickup and delivery. Hub Group also manages rail and drayage rates, tracks shipments electronically, consolidates billing, and handles claims on behalf of its customers.
Drayage Solutions: As a major provider of rail intermodal services, Hub Group generates approximately 60% of its revenue from its Intermodal and Transportation Solutions (ITS) division. This includes intermodal operations and dedicated truckload shipping. The Logistics segment includes asset-light truck brokerage, outsourced transportation management, warehousing, fulfillment, and heavy-goods final mile delivery.
Recent Developments: Hub Group recently acquired Forward Air Final Mile (FAFM), enhancing its end-to-end solutions and adding significant scale in appliance delivery and installation. This acquisition, funded with $262 million in cash, is expected to be immediately accretive to Hub Group’s 2024 GAAP and cash EPS.
Financial Performance: Hub Group's financial outlook is strong, with the recent acquisition of FAFM expected to contribute significantly to growth. The company’s strategic approach, focusing on acquiring complementary businesses, has positioned it for sustainable long-term growth.
Technological Integration: Hub Group designs, optimizes, and applies industry-leading technology to its customers’ supply chains, enhancing service quality, efficiency, and visibility. The company remains committed to innovation and service excellence.
Corporate Strategy: Hub Group’s long-term strategy includes growing through acquisitions, optimizing its service offerings, and investing in technology to deliver superior supply chain solutions. The company's commitment to service, integrity, and innovation positions it as a preferred logistics provider.
Hub Group (Nasdaq: HUBG) has received three prestigious awards from The Home Depot, recognizing its excellence in supply chain logistics. These awards include the Domestic MVP Award for comprehensive support, the Intermodal Carrier of the Year for the eighth consecutive year, and the Online Final Mile Carrier of the Year Award for outstanding service in home delivery.
These accolades highlight Hub Group's resilience and performance during challenging market conditions, reflecting its commitment to service and innovation in logistics management.
Hub Group, Inc. (NASDAQ:HUBG) reported fourth quarter 2021 revenue of $1.3 billion, a 32% increase from the previous year, driven by strong freight demand. Net income rose to $84 million, with diluted EPS reaching $2.48. For the full year, revenue grew 21% to $4.2 billion, and net income was $171 million, or EPS of $5.06. The company expects 2022 revenue between $4.9 and $5.1 billion and diluted EPS between $5.90 and $6.30. The strong financial performance reflects ongoing investments in capacity and service enhancements.
Hub Group, Inc. (Nasdaq: HUBG) has scheduled a conference call for February 8, 2022, at 5:00 p.m. ET to discuss its fourth quarter 2021 results. The results will be disclosed in a press release before the call. Interested parties can join the call via a webcast available on the company's website. A telephone registration option is also provided for participants. An audio replay will be accessible for 30 days post-call. Hub Group, with nearly $5 billion in revenue, offers logistics solutions and emphasizes service and innovation.
Hub Group (Nasdaq: HUBG) has been awarded the 2021 Green Supply Chain Award by Supply & Demand Chain Executive, recognizing its commitment to sustainability in transportation and logistics management. The company achieves significant carbon footprint reductions for customers through efficient freight solutions, saving over 9.7 billion pounds of carbon emissions in the past three years. Hub Group has also received multiple sustainability accolades, including the U.S. EPA SmartWay Excellence Award for the ninth time, showcasing its dedication to environmental responsibility.
Hub Group (Nasdaq: HUBG) received four prestigious supply chain industry awards, highlighting its commitment to operational excellence. The company was named in the Food Logistics Top 3PL & Cold Storage Providers list, recognized by Logistics Management's Quest for Quality 2021, and acknowledged as one of the Top 50 Third-Party Logistics Providers by Global Trade. Additionally, Hub Group's NSD was included in SupplyChainBrain's 100 Great Supply Chain Partners list. These achievements underscore Hub Group's focus on service quality, technology, and customer satisfaction during challenging times.
Hub Group reported record Q3 2021 revenue of $1.1 billion, up 16% year-over-year, driven by strong demand and operational efficiency.
Net income surged to $43 million, or $1.28 per diluted share, reflecting a 73% increase from Q3 2020. Operating income also improved, reaching 5.6% of revenue. The company expanded through the acquisition of Choptank Transport for approximately $130 million, enhancing its service offerings.
Full-year EPS guidance is now $3.90 to $4.00.
Hub Group has acquired Choptank Transport, a leader in cold-chain logistics, for $130 million.
This acquisition is expected to enhance Hub Group’s brokerage business, pushing revenue beyond $1 billion and expanding its refrigerated transportation capacity. Choptank brings a vast network of over 20,000 carriers and an experienced management team, which will bolster Hub Group's multimodal logistics capabilities by addressing increasing customer demands in the refrigerated sector.
Hub Group will host a conference call on October 28, 2021, at 5:00 p.m. ET to discuss its Q3 2021 results. The results will be released via press release after the market closes that day. The conference call can be accessed through their website and will be listen-only for the webcast. Participants can call in after registering for a passcode and PIN. An audio replay will be available for 30 days following the call.
Hub Group, publicly traded (Nasdaq: HUBG), reported over $4 billion in revenue.
Hub Group (NASDAQ: HUBG) announced the appointment of Thomas P. LaFrance as EVP, General Counsel, and Secretary. LaFrance brings extensive experience from various industries, particularly in transportation and Mergers & Acquisitions. His previous roles include General Counsel positions at major companies like General Electric and United Technologies. Hub Group's Chairman and CEO, David Yeager, expressed confidence in LaFrance's ability to navigate the company through its next growth phase, emphasizing his focus on customer service and operational integrity.
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