Hub Group, Inc.
hubgroup.comWhat Do They Do?
Arranges rail-and-truck freight transportation and provides dedicated trucking, freight brokerage and logistics services for retailers, consumer-goods and automotive companies.
10-K for FY2024, filed Feb 25, 2025Intermodal and transportation solutions. Our ITS segment offers high service, nationwide door-to-door intermodal transportation, providing…View ↗
As of December 31, 2024, our trucking transportation operation consisted of approximately 2,300 tractors, 3,200 employee drivers and 4,700…View ↗
Logistics. Our Logistics segment offers a wide range of non-asset-based services including transportation management, freight brokerage…View ↗
We are one of the largest freight transportation providers in North America. We service a large and diversified customer base in a broad…View ↗
How Do They Make Money?
Customers pay Hub Group for transportation and logistics services. The company generally earns revenue as it carries out those services, often while freight is in transit.
10-K for FY2024, filed Feb 25, 2025
-
10-K for FY2024, filed Feb 25, 2025
FY2024 revenue by product or service ↗
$3.9B
-
10-K for FY2024, filed Feb 25, 2025
$3.9B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Intermodal
|
57%
FY2021: 63%
|
Intermodal, FY2024
$2.2B Sources
|
|
Logistics
|
46%
FY2021: 39%
|
Logistics, FY2024
$1.8B Sources
|
|
Inter-Segment Eliminations
|
−3.2%
FY2021: −1.7%
|
Inter-Segment Eliminations, FY2024
−$126.5M Sources
|
Who Are Their Customers?
Hub Group’s sales representatives work with local, regional and national accounts across retail, consumer products and durable goods, tailoring transportation and logistics services to their needs.
10-K for FY2024, filed Feb 25, 2025
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2024 and turned 4 cents into free cash flow.
10-K for FY2024, filed Feb 25, 2025
$140.3MView ↗
10-K for FY2024, filed Feb 25, 2025
$104MView ↗
10-K for FY2024, filed Feb 25, 2025
$143.6MView ↗
How Are They Changing?
10-Q for Q3 FY2025, filed Nov 5, 2025
Open tableView ↗
-
Jun 2, 2026
CFO departed; interim CFO appointed
Kevin Beth left, and Todd Heeter became interim CFO and Treasurer.
Sources
8-K, filed Jun 2, 2026
On May 27, 2026, the Board of Directors of Hub Group, Inc. (the “Company”) appointed Todd Heeter to serve as interim Chief Financial…View ↗
-
May 12, 2026
Prior annual financial statements were deemed materially misstated
The company said its audited financial statements for the years ended December 31, 2024 and 2023 should no longer be relied upon.
Sources
8-K, filed May 12, 2026
On May 11, 2026, the Audit Committee of the Board of Directors of Hub Group, Inc. (the “Company”), following discussion with and upon the…View ↗
-
Feb 5, 2026
Company announced a 2026 revenue outlook and plans to restate 2025 quarters
It gave a preliminary 2026 revenue range and said it would restate its first three 2025 quarters after finding understated transportation costs and accounts payable.
Sources
8-K, filed Feb 5, 2026
OAK BROOK, ILLINOIS, February 5, 2026 (GLOBE NEWSWIRE) – Hub Group, Inc. (Nasdaq: HUBG) announced select preliminary fourth quarter and…View ↗
Growing. Revenue grew 13% in 4 years, from $3.5B in FY2020 to $3.9B in FY2024, about 3% a year.
Warehouse operations
The older report said Hub Group did not own or operate warehouses and relied on third-party providers; the latest says it operates leased warehouse locations as well as using outside facilities.
10-K for FY2021, filed Feb 25, 2022 10-K for FY2024, filed Feb 25, 2025Our logistics offering also includes warehousing, cross-docking and consolidation services. Many of the customers for these solutions are…View ↗
We have relationships with several national and local operators of warehouses and cross-dock facilities who provide a range of services to…View ↗
Loading...
