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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 reported a strong second quarter of 2021, achieving a 26% revenue growth to $981 million, with all business lines contributing. Net income rose to $27 million, or $0.78 per diluted share, marking a 102% year-on-year increase. EBITDA reached $69 million, with cash reserves of over $246 million. The company was recognized as the #2 on Inbound Logistics’ Top 10 3PL list and is projecting 2021 diluted EPS between $3.50 and $3.70. Long-term goals include a revenue target of $5.5 to $6.5 billion by 2025.
Hub Group, Inc. (Nasdaq: HUBG) will host a conference call on July 29, 2021, at 5:00 p.m. ET to discuss its Q2 2021 results, following a press release later that day. Key executives including Chairman and CEO Dave Yeager will participate, highlighting the company's ongoing focus on logistics and transportation management. Interested participants can access the webcast through Hub Group's website, and an audio replay will be available for 30 days. Hub Group reported $3.5 billion in revenue, emphasizing its commitment to service and innovation.
Hub Group (Nasdaq: HUBG) has promoted Vince Paperiello to President of Intermodal and Chief Solutions Officer, effective immediately. With 28 years of experience at the company, Paperiello will oversee the intermodal business and customer solutions. Hub Group's intermodal segment generated over $2.1 billion in revenue in the last 12 months, making up approximately 60% of the company's total revenue. The company operates a fleet of 44,000 containers and maintains strong partnerships with several Class-I railroads.
Hub Group (NASDAQ: HUBG) has been recognized as an EcoConnexions Partner by Canadian National (CN) for the third consecutive year. This honor highlights Hub Group's commitment to sustainability and its environmental, social, and governance (ESG) initiatives in intermodal and consolidation operations. In 2020, the company aided in reducing carbon dioxide emissions by over 3.2 billion pounds through truckload to intermodal conversion. Additionally, Hub Group's headquarters is a LEED Gold-certified building, further reflecting its focus on sustainability.
Hub Group, Inc. (NASDAQ:HUBG) reported a 10% revenue growth in Q1 2021, reaching $920 million, attributed to robust freight market conditions and strategic customer expansions despite adverse weather. The company achieved a net income of $17.2 million or $0.51 per share, marking an increase from Q1 2020. EBITDA stood at $56 million, with cash and cash equivalents of $226 million.
The 2021 outlook anticipates diluted EPS between $3.20 and $3.40 and revenue growth in the mid-teens percentage range.
Hub Group has launched a six-month pilot program for an electric truck fleet in partnership with Daimler Trucks of North America, specifically utilizing the Freightliner eCascadia model. This initiative, taking place in Southern California, will assess performance metrics including range and payload. Hub Group aims to innovate and enhance sustainability in logistics, driven by a commitment to reduce carbon emissions, having already saved about 3.2 billion pounds of CO₂ in 2020. The project is partly funded by the South Coast Air Quality Management District.
Hub Group will host a conference call on May 5, 2021, at 5:00 p.m. Eastern Time to discuss the first quarter 2021 results. The financial results will be disclosed in a press release following the market's closure on that day. Key executives participating include Dave Yeager, Phil Yeager, and Geoff DeMartino. Interested parties can listen in via the company's website, with a replay available for 30 days post-call. Hub Group reported $3.5 billion in revenue and emphasizes its commitment to innovation and customer service.
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