Hub Group Inc Stock Price, News & Analysis

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.

Hub Group reported a strong fourth quarter for 2020, achieving 6% revenue growth to $953 million and net income of $22.4 million, or $0.67 per diluted share. Key growth drivers included a 9% increase in intermodal volume, despite challenges such as lower pricing and increased transportation costs. The company also executed its long-term strategy by acquiring last mile delivery firm NonStopDelivery for $90 million, enhancing service offerings. However, operating income fell to $31 million, down from $39 million year-over-year.

Hub Group, Inc. (Nasdaq: HUBG) announces a conference call scheduled for February 4, 2021, at 5:00 p.m. Eastern Time to discuss its fourth quarter 2020 results. The results will be released after the market closes on the same day. Key executives, including Dave Yeager and Phil Yeager, will participate in the call. Interested parties can access the call via a webcast on Hub Group’s website. An audio replay will be available for 30 days post-call.

With approximately $4 billion in revenue in 2019, Hub Group provides multi-modal transportation services across North America.

Hub Group (NASDAQ: HUBG) announced on December 17, 2020, that it received the SDCE Green Supply Chain Award and was listed among Food Logistics 100+ Top Software and Technology Providers. The SDCE award recognizes firms promoting sustainability in supply chains, while the Food Logistics list honors leading technology providers crucial for a reliable food and beverage supply chain. Hub Group's commitment to sustainability aims to enhance operational efficiency and reduce carbon footprint, reflecting a broader initiative to achieve measurable sustainability goals.

On December 15, 2020, Hub Group (NASDAQ: HUBG) announced its recognition as the 2019 Intermodal Carrier of the Year by KBX Logistics/Georgia-Pacific. The award highlights Hub Group's exceptional on-time performance, diverse services, and overall growth. Paul Snider, President of KBX Logistics, noted Hub Group's volume performance in 2020 while expressing optimism for future collaboration post-pandemic. Hub Group has partnered with KBX Logistics/Georgia-Pacific since 1981, focusing on innovative supply chain solutions and capacity delivery.

Hub Group, Inc. has acquired NonstopDelivery, LLC to enhance its last mile logistics solutions, crucial for providing end-to-end services in a fast-growing sector. The acquisition is anticipated to be accretive to Hub's earnings in 2021 and boosts the company's offerings by adding residential delivery capabilities nationwide. NSD operates through a non-asset model, ensuring high service levels for large retailers across the U.S. Hub Group aims to leverage NSD’s expertise and existing technology to optimize its supply chain solutions.

Hub Group (NASDAQ: HUBG) has received the 2020 Humanitarian Logistic Award from the American Logistics Aid Network for its commitment during the COVID-19 pandemic. The company donated 211 refrigerated trailers to 59 non-profit organizations, providing over 9 million cubic feet of cold storage, equivalent to two average-sized warehouses. This initiative supported increased food distribution, benefiting communities affected by job losses. Hub Group emphasizes its focus on sustainability and community support as integral to its operations.