As expected, Hub Group has received an official delisting notification from Nasdaq after missing a financial reporting deadline.
Hub Group expects a Nasdaq delisting notice after missing a financial reporting deadline due to an accounting error, but plans to request a hearing to maintain its stock listing.
Hub Group announced that its chief financial officer and chief operating officer have departed as it works to restate financial results following an accounting error.
Hub Group said Tuesday that the scope of a previously identified accounting error has necessitated the restatement of financial results for additional periods.
An accounting error at Hub Group has placed its financial statements for the first three quarters of 2025 under review.
Marten was overall profitable in the quarter but its Truckload segment lagged.
While Union Pacific and Norfolk Southern have agreed to consolidate, intermodal heavyweights will have to reassess their links to the major railroads.
Intermodal provider Hub Group, which would be strongly affected by a UP-NS merger, backs it fully.
Marten is selling its intermodal unit, which is focused on refrigerated, to Hub Group.
Hub Group posted an 8% year-over-year decrease in total revenue in the first quarter, to $915.2 million.
Susquehanna has upgraded JBHT, KNX, CHRW and HUBG to “Positive.”
Hub Group reported year-over-year revenue decreases in its intermodal and logistics segments during the third quarter.
Hub Group announced a joint venture with Mexico’s largest intermodal carrier, EASO.
Transportation provider Hub Group sees Q2 revenue fall 5% year over year to $986 million.
Soft freight market conditions continue to create market headwinds as Hub Group’s first-quarter revenue declines 13% year over year.
Hub Group reported year-over-year decreases in its intermodal, logistics and truck brokerage segments during the fourth quarter.
Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics.
Hub Group reported $1 billion in revenue and earnings per share of 97 cents during the third quarter.
In this edition: The fallout from Yellow’s anticipated bankruptcy, UPS loses big to FedEx, and Hub Group throws down against the competition.
Hub Group reported $1 billion in revenue and earnings per share $1.44 during the second quarter.
