Hub Group Closes on the Acquisition of Marten Transport Intermodal
Rhea-AI Summary
Hub Group (NASDAQ: HUBG) has completed two strategic acquisitions to strengthen its market position. The company acquired Marten Transport's Intermodal division, adding 1,200 refrigerated containers and key commercial relationships in the food and beverage industry, making Hub Group the second-largest provider of temperature-controlled intermodal solutions in North America.
Additionally, Hub Group acquired West-Coast final mile provider SITH, LLC on September 8, 2025, furthering its strategic plan to expand Final Mile operations and network capacity. The company, with approximately $4 billion in revenue and 6,000 employees, continues to focus on service, integrity, and innovation in transportation and logistics management solutions.
Positive
- Becomes second-largest provider of temperature-controlled intermodal solutions in North America
- Acquisition adds 1,200 refrigerated containers to fleet
- Gains strategic commercial relationships with food and beverage industry clients
- Expands Final Mile operations through West Coast acquisition
- Strong revenue base of approximately $4 billion
Negative
- Financial terms of SITH acquisition not disclosed, limiting transparency
- Integration costs and operational challenges may impact short-term profitability
News Market Reaction
On the day this news was published, HUBG declined 2.64%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Hub Group is now the second largest provider of temperature-controlled intermodal solutions in North America. Final Mile expansion continues with acquisition of West Coast final mile provider.
OAK BROOK, Ill., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Effective September 30, 2025, Hub Group, Inc. (NASDAQ: HUBG) closed on the previously announced acquisition of certain assets of Marten Transport, Ltd. Intermodal (“Marten Intermodal”), a division of Marten Transport, Ltd. (NASDAQ: MRTN).
The acquisition adds approximately 1,200 refrigerated containers and intermodal commercial relationships with a diversified group of shippers within the food and beverage industry. This continues Hub’s strategic investment of capital within the core business to support growing volumes and improved network fluidity.
Additional information related to this transaction can be found on Hub Group’s Investor page, accessible here: https://investors.hubgroup.com/
Effective September 8, 2025, Hub Group also closed on the acquisition of certain of the assets of West-Coast final mile provider SITH, LLC. The acquisition is consistent with Hub Group’s strategic plan to grow Final Mile, expand network capacity and improve profitability. Terms were not disclosed.
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 approximately
SOURCE: Hub Group, Inc.
CONTACT: Garrett Holland, Investor Relations, gholland@hubgroup.com
FAQ
What companies did Hub Group (HUBG) acquire in September 2025?
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