• ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
American ShipperIntermodal

Hub Group posts record third quarter net income of $9.6 million

Hub Group posts record third quarter net income of $9.6 million

   Downers Grove, Ill.-based Hub Group, a non-asset-based provider of freight transportation management and logistics services, reported record third quarter net income of $9.6 million, up 171 percent from $3.5 million posted in the same quarter of 2004.

   Hub’s operating income in the quarter jumped 10.5 percent to $15.4 million, compared to $13.9 million in the third quarter last year. Revenue increased 10.2 percent to $399.4 million from $362.1 million.

   The company’s sectors posted the following results for the second quarter: intermodal revenue up 9 percent to $283.5 million; truckload brokerage up 21.6 percent to $68.3 million; and logistics revenue up 4.8 percent to $35.7 million. Revenue for Hub Group Distribution Services was flat at $11.9 million.

   For the year to date, Hub reported net income of $22.8 million, compared to $10.3 million in the first nine months of 2004. Hub’s operating income increased 33.3 percent to $38 million from $28.5 million. Revenue improved 6.8 percent to $1.11 billion from $1.03 billion.

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