Hub Group sees 21% profit rise

Hub Group sees 21% profit rise    Hub Group said it had first quarter net profit of $10.4 million, 21 percent more than in the same 2010 period.
   Revenue was $485 million in the period ending March 31, 16 percent higher than in the first quarter of 2010.
   “At the start of our 40th year we believe that our outstanding operational results, combined with our recent acquisition of Mode Transportation, position Hub Group to have a very strong 2011 with revenue that will exceed $2.5 billion,” said David P. Yeager, chairman and chief executive officer.
   Mode, which had been known as Exel Transportation Services before being acquired by Hub earlier this month, had revenues of $717 million last year.