• ITVI.USA
    14,128.230
    318.660
    2.3%
  • OTRI.USA
    21.970
    0.490
    2.3%
  • OTVI.USA
    14,109.280
    325.230
    2.4%
  • TLT.USA
    2.810
    0.000
    0%
  • TSTOPVRPM.PHLCHI
    1.870
    -0.030
    -1.6%
  • TSTOPVRPM.ATLPHL
    2.290
    -0.190
    -7.7%
  • TSTOPVRPM.CHIATL
    2.760
    -0.310
    -10.1%
  • TSTOPVRPM.LAXDAL
    2.040
    -0.240
    -10.5%
  • TSTOPVRPM.LAXSEA
    2.630
    -0.090
    -3.3%
  • TSTOPVRPM.DALLAX
    1.320
    -0.050
    -3.6%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    14,128.230
    318.660
    2.3%
  • OTRI.USA
    21.970
    0.490
    2.3%
  • OTVI.USA
    14,109.280
    325.230
    2.4%
  • TLT.USA
    2.810
    0.000
    0%
  • TSTOPVRPM.PHLCHI
    1.870
    -0.030
    -1.6%
  • TSTOPVRPM.ATLPHL
    2.290
    -0.190
    -7.7%
  • TSTOPVRPM.CHIATL
    2.760
    -0.310
    -10.1%
  • TSTOPVRPM.LAXDAL
    2.040
    -0.240
    -10.5%
  • TSTOPVRPM.LAXSEA
    2.630
    -0.090
    -3.3%
  • TSTOPVRPM.DALLAX
    1.320
    -0.050
    -3.6%
  • WAIT.USA
    127.000
    0.000
    0%
American ShipperIntermodal

Hub Group posts 2nd-quarter net income of $7.9 million

Hub Group posts 2nd-quarter net income of $7.9 million

   The Hub Group, a non-asset-based provider of freight transportation management and logistics services, reported second quarter net income of $7.9 million, up 95 percent over the second quarter of 2004.

   Hub's revenue increased 6.5 percent to $371.6 million from $349.0 million.

   The company's sectors posted the following results for the second quarter: intermodal revenue up 4.6 percent to $259.3 million; truckload brokerage up 19.8 percent to $68.0 million; logistics revenue up 2.2 percent to $34.5 million.

   Also in the second quarter, revenue for Hub Group Distribution Services decreased 6.3 percent to $9.8 million.

   Hub's costs and expenses decreased 5.5 percent to $33.4 million from $35.4 million.

   'We are pleased with our record second quarter. Our focus on yield management, while maintaining effective control of our costs, continues to generate strong shareholder returns,' said David P. Yeager, vice-chairman and chief executive officer of Hub Group, which is based in Downers Grove, Ill.