Welcome to our dedicated page for Hub Group news (Ticker: HUBG), a resource for investors and traders seeking the latest updates and insights on Hub Group stock.
Hub Group, Inc. (Nasdaq: HUBG) generates a steady flow of news related to transportation, logistics and supply chain management. The company describes itself as an award-winning, publicly traded provider of transportation and logistics management solutions, with intermodal, logistics and final mile operations supported by technology and a global base of employees and drivers.
News about Hub Group often centers on quarterly earnings results, capital allocation decisions and growth initiatives. The company regularly issues press releases detailing revenue, earnings per share, operating income and segment performance for its intermodal and transportation solutions division and its logistics segment. These releases also discuss trends in intermodal volume, brokerage activity, final mile awards and cost management efforts.
Another recurring category of HUBG news involves dividends and shareholder returns. Hub Group has announced a quarterly cash dividend of $0.125 per share on its Class A and Class B common stock, noting that its dividend program is set at $0.50 per share per year as part of a growth-focused capital allocation plan. Press releases may also reference share repurchases as part of capital deployment.
Strategic transactions and partnerships are also prominent in Hub Group’s news flow. Recent announcements include agreements to acquire intermodal assets from Marten Transport’s intermodal division, acquisitions of final mile assets such as those from SITH, LLC, and a managed delivery partnership with Essendant that uses Hub Group’s truckload, less-than-truckload and final mile networks to support warehouse deliveries within 48 hours across major markets.
Investors and industry followers can use the HUBG news feed on Stock Titan to review these earnings updates, dividend declarations, acquisition announcements, credit agreements and governance-related 8-K items in one place, providing context on how Hub Group is managing its transportation and logistics platform over time.
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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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.
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