Hub Group benefited from higher intermodal volumes and robust spot truck brokerage pricing in Q4, but higher purchased transportation costs took their toll. Enter Hub Group Tracking number to retrieve your up-to-the-minute shipment tracking details online. Hub Group - Hub Group is a transportation management company providing intermodal, truck brokerage and logistics services throughout North America. From robust web and tracking applications to optimal driving routes, we take pride in looking after our drivers. At the time, the company’s name was Hub City Terminals. Intermodal Jobs at Hub Group; 1 Hub Group Intermodal Jobs Hiring Near You. Hub Group History. A decline in salaries and benefit expenses, as well as lower travel expenses, … Hub Group coordinates drayage for intermodal freight with external vendors. Managed Solutions Discover new levels of efficiency and advance your supply chain operations with a single, proven logistics provider. The acquisition total was $83 million and was made official late last week. Find the right size of intermodal capacity markets across North America to fuel your supply chain. Our Story. The company will also be looking to improve productivity among its drivers and improve the balance of its network, executives said during the call. Women trucking, OTR, CDL, HUB GROUP, Intermodal. Hub officials said Exel is now a wholly-owned subsidiary of Hub and will be re-named as Mode Transportation. Offering loading weight up to 44,000 lbs, even your heaviest shipments can benefit from the consistent, cost-effective service of intermodal marine container services. Pointing to intermodal share gains versus other modes and inventories in need of significant replenishment, Wells Fargo equity research analyst Allison Poliniak-Cusic has raised her price targets on intermodal providers Hub Group (NASDAQ: HUBG) and J.B. Hunt (NASDAQ: JBHT).“Our findings suggest that intermodal continues to grow as a share of the U.S. freight market (approaching … Tickets on sale for $995, a $1500 savings! A number of customers have indicated the … Please try again later. Hub Group reported higher revenue and profits in the first quarter of 2018 with growth coming from intermodal, logistics and dedicated contract carriage operations. No matter which rail your shipment is on or which steamship owns the container, we provide total end-to-end visibility, leveraging unique data exchanges and close relationships to keep you ahead of any surprises while your freight moves throughout North America. Hub Group’s primary rail partners Norfolk Southern ( NYSE: NSC) and Union Pacific ( NYSE: UNP) reported intermodal traffic declines of 16% and 17%, respectively. This Video is for those who run Intermodal. Private intermodal boxes are those owned primarily by the bi-modal IMC’s and are the top five IMC’s listed earlier in the article: JB Hunt, Hub Group, Schneider, XPO and Swift. On its Thursday evening earnings call with analysts, management from intermodal marketing company Hub Group, Inc. (NASDAQ: HUBG) said several customers are approaching them to talk about peak season capacity needs. Innovative end-to-end transportation and logistics management solutions | For nearly 50 years, Hub Group has been dedicated to serving customers with innovative, end-to-end supply chain solutions tailored to each client’s needs. The Company operates through a network of offices throughout the United States, Canada and Mexico. Fourth-quarter 2020 net profit for the Oak Brook, Illinois-based company was $22.4 million, or 67 cents per diluted share, compared with nearly $28 million, or 84 cents per diluted share, in the fourth quarter of 2019. Power your supply chain with robust, end-to-end CPG logistics. Hub Group said it expects 2021 capital expenditures to range from $150 million to $170 million, consisting primarily of investments to support growth in the business, including containers and tractors, as well as investments in technology. However, truck markets have tightened and diesel prices appear to have bottomed for the recent cycle. Eleven years later, Hub Group went public. Learn more about becoming a company driver today. Subscribe to FreightWaves’ e-newsletters and get the latest insights on freight right in your inbox. Five years later, the company expanded across North America. Hub Group grants you access to a team of marine container solution specialists with deep relationships with the industry’s top steamship lines — and their repositioning lanes of containerized capacity, establishing a high-performing network of containers with heavier payloads. It is easier and a better way of knowing the status your Freight, Trucking, Intermodal Container, Shipment. Hub Group, Inc Mesquite, TX Type. Hub Group’s $95M acquisition is path to being a last-mile market leader, Hub Group sees ‘strong’ 2021 bid season; Q3 beats consensus, Intermodal growth here to stay, says Hub Group, Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet. In addition, Hub Group … Company costs and expenses were $74.4 million, compared with nearly $87 million in the fourth quarter of 2019. The Hub Group Intermodal Container downloadable paper model kit has excellent detail and solid construction. This feature is not available right now. The Intermodal Marketplace is the database dedicated to intermodal decision makers, helping them find the products & services they need. always be careful and get professional help. With nearly 50 years of time-tested expertise and in-depth data, Hub Group provides flexible, reliable intermodal transportation services across North America. Hub Group Tracking. UNION PACIFIC EMP HUB GROUP INTERMODAL MARICOPA, AZ 06 09 12. Decorated to resemble green containers by Hub Group. On that call, Donald Maltby, Hub’s president and COO, said Mode had a “very strong double-digit growth across all services lines” in the second quarter, and had was developing new technology applications to serve its 3PL business. Hub Group (NASDAQ: HUBG) is a supply chain solutions company in North America, providing transportation and logistics management solutions across numerous industries. Demand for intermodal has been soft to say the least. The Hub Group consists of four main business units: Hub Intermodal, which provides access to an extensive fleet of over 24,000 intermodal containers on major North American railroads. We understand your business needs are constantly evolving, so we design transportation solutions to scale and evolve with them. © 1996-2021 Hub Group, Inc. All Rights Reserved. Among the opportunities are anticipated mid-high-single-digit pricing for intermodal and double-digit revenue growth for its brokerage service, he said during the earnings call. Freight transportation services provider Hub Group Inc. said today it has acquired asset-light transportation company Exel Transportation Services (ETS), a subsidiary of Deutsche Post World Net.. The Director will interact with CapacityUtilization and Intermodal Operations to collaboratively develop opportunitiesto reduce dray cost and improve service performance. Director, Regional Terminal Operations. Hub Group plans to “add approximately 2,500 containers, which will result in net growth of approximately 2,000 after retirements of containers that have reached end of life. As part of the Hub Group team, you’ll benefit from competitive wages, state-of-the-art equipment and around-the-clock support. She has worked for Argus Media as a contributing reporter for Argus Rail Business and as a market reporter for Argus Coal Daily. “The acquisition of NSD expanded our service offering into the fast-growing last-mile delivery space, and we anticipate significant cross-sell opportunities with our customer base,” Hub Group CEO Dave Yeager said in a release. An influx of inbound and outbound shipping requirements calls for a scalable shipping strategy. Intermodal shipping refers to moving freight by two or more modes of transportation. That service is a non-asset-based model and so it provides more flexibility, executives said. Thousands of experienced professionals serve and support our asset-based intermodal program, fine-tuning our services to meet your unique transportation needs. Hub Group was founded in 1971 just outside of Chicago. Full-Time. Its intermodal network was unified under the Hub Group umbrella. We are constantly striving to provide our customers with exceptional drayage services by adding qualified carriers to our intermodal drayage network. Intermodal. Intermodal marketing company Hub Group (NASDAQ: HUBG) announced Wednesday the acquisition of last-mile logistics provider NonstopDelivery (NSD) for $94.5 million. Intermodal transportation solutions that enrich your supply chain. Significant retail restocking is likely to continue for the first three quarters of 2021 as retailers will likely want to pull forward inventory ahead of the 2021 peak season in the second half of the year, a Hub Group (NASDAQ: HUBG) executive said during the company’s fourth-quarter earnings call late Thursday. Phil Yeager, President and Chief Operating Officer of supply chain management company Hub Group, explains the ins and outs of intermodal shipping — and how it can benefit shippers. But fourth-quarter transportation costs grew by 9% to $847.2 million year-over-year. Find the right size of intermodal capacity markets across North America to fuel your supply chain. Find the right size with 20 ft., 40 ft., 40 ft.-high cube and 45 ft. containers, each offering higher weight limits versus the traditional 53’ alternative. Joanna is a Washington, DC-based writer covering the freight railroad industry. Founded in 1971 in … High-Value Freight Transportation Program, Full Truckload (FTL) Logistics & Shipping. As an award-winning 3PL company, Hub Group pairs multimodal capabilities that harness the power of technology with unmatched industry service and expertise. Build 20, 40, 45 and 53 foot lengths (20, 40 and 45 foot lengths for S scale and 20 and 40 foot lengths for O scale). Hub Group’s operations are limited primarily to the North American markets of Canada, Mexico, and the United States. Hub Group | 32.961 follower su LinkedIn. Take 5 minutes to tell us about yourself to see opportunities available for drivers at Hub Group. Learn more today. Although a “strong freight environment” helped overall revenue grow by 6% in the fourth quarter, the intermodal marketing company still experienced lower fourth-quarter net income on higher transportation costs. By 1985, the company had seen significant growth. Public intermodal boxes are owned by the class I railroads and are used by asset-lite and non-asset IMC’s. Join us today as a CDL-A Local or Regional Truck Driver and root yourself in a career that provides happiness, comfort, and an overall higher quality of life while getting you home daily. Hub Group Company Profile. With virtually limitless capacity, we can integrate marine container intermodal solutions to change the way your business moves. Hub Group is a $3 billion asset light freight transportation management company providing comprehensive intermodal, truck brokerage and logistics services. Intermodal. Indeed, intermodal volumes rose 9% in the fourth quarter, Hub Group said. See insights on Hub Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Hub’s primary focus is intermodal, and it has sold a 3PL that according to a transcript of the company’s most recent earnings call, is in solid financial shape. Total fourth-quarter revenue grew 6% to $952.7 million year-over-year amid a 5% increase in intermodal revenue and a 27% increase in truck brokerage revenue. Company costs and expenses were $74.4 million, compared with nearly $87 million in the fourth quarter of 2019. © Copyright 2021, All Rights Reserved, FreightWaves, Inc, Hub Group sees brisk intermodal demand in 2021, Podcasts: FreightWaves FreightCasts Network, The Forum at FreightWaves LIVE (Fall 2019), House hearing witnesses argue rail more relevant to economy than ever, FreightWaves Classics: Railroads helped the U.S. expand and increased interstate commerce, Biden administration kills Trump rule on independent contractor classification, Increasingly difficult yearly comps are a distraction; the market is rolling, Social media livestreams drive increased sales for major brands, Former auto hauler sentenced to 30 months for faking FMCSA records. Hub Group Trucking's culture has set us apart from our competitors over the years. Automotive logistics solutions that drive value in your supply chain. The company is also seeing “a good opportunity to grow across all our service lines” in 2021, according to Phil Yeager. In … Intermodal marketing company Hub Group (NASDAQ: HUBG) announced Wednesday the acquisition of last-mile logistics provider NonstopDelivery (NSD) for $94.5 million. Hub Group brings consistent intermodal marine container solutions to all areas of your supply chain through diverse relationships with all Class-I railroads throughout North America. Available in HO, N, OO, UK N, S and O scales Another opportunity will be exploring additional synergies resulting from its December acquisition of NonstopDelivery (NSD), a last-mile logistics provider for the home-delivery sector. Oak Brook, Illinois-based Hub Group said the acquisition provides it with a platform to become a … Hub Group is a supply chain management company offering solutions ranging from intermodal, truckload, dedicated and logistics services. We are also planning to add approximately 750 tractors, 500 of which are for replacements of older units and 250 of which will support growth in our drayage and dedicated fleets,” it said. As a publicly traded company with over $3.7 billion in revenue, Hub Group is backed by an asset-owned network of 41,500 53’ intermodal containers, 4,000 drivers, 5,500 units of trailing capacity and 29 terminals. Hub Group’s intermodal transportation takes the guesswork out of moving your freight around North America — with personal attention to your unique business requirements. The Oak Brook, Illinois-based company employs 1,982 people and operates 35 offices in North America. Click here for more FreightWaves articles by Joanna Marsh. At Hub Group, we believe in employing the best drivers on the road, and we do so by ensuring that our professional drivers feel supported and welcomed by the Hub Group family. With access to a mix of 20 ft., 40 ft., 40 ft.-high cube and 45 ft. containers operating throughout North America, you pay only for the marine container space you need. Early-bird discount last chance! Hub Group has 5,400 employees across 37 locations and $3.50 B in annual revenue in FY 2020. However, market activity for intermodal will “probably be more stable and less spiky than what we saw last year,” said Hub Group Chief Commercial Officer Phil Yeager on the call. A decline in salaries and benefit expenses, as well as lower travel expenses, were among the factors that led to the year-over-year decrease. Hub Highway, which offers truck brokerage services; Comtrak Logistics, a wholly-owned drayage subsidiary, offering nationwide truckload and drayage services; and; Unyson Logistics, a leading 3PL provider offering custom supply chain solutions. Indeed, intermodal volumes rose 9% in the fourth quarter, Hub Group said. Hit delivery appointments with precision with our coast-to-coast drayage network, leveraging our marine container solutions to seamlessly blend our fleet of 4,000 drivers with the industry’s top carriers. Hub  Group grants you access to a team of marine container solution specialists with deep relationships with the industry’s top steamship lines —  and their repositioning lanes of containerized capacity, establishing a high-performing network of containers with heavier payloads. Leverage multimodal solutions within a tactical network for consistent, year-round service. Intermodal shipping was the largest source of Hub Group’s revenue.
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