Hub Group said it had a profit of $69.1 million in 2013, compared to $68 million in 2012. Revenue was $3.4 billion in 2013, compared to $3.1 billion in 2012.
In the fourth quarter of 2013, profit was $16.5 million, compared to $18.8 million in the fourth quarter of 2012. Revenue for the quarter was $885 million, compared to $801 million in the fourth quarter of 2012.
Hub Group’s pre-tax income in the fourth quarter of 2012 included a non-cash impairment charge of $2.9 million related to changing the trade name of its drayage unit, Comtrak Logistics, to Hub Group Trucking.
“We had a solid year and are focused on our strategic initiatives to deliver strong results in 2014,” said David P. Yeager, chairman and chief executive officer of Hub Group.
Hub reports ‘solid year’
