HUB Group

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.

Hub Group had year-over-year revenue declines in its intermodal and logistics segments during the first quarter.

Hub Group had higher revenue in its logistics, truck brokerage and intermodal segments during the fourth quarter.

Como parte del acuerdo, el gigante intermodal no volverá a contratar a contratistas independientes.

California’s ABC test was a key reason why a decade-long misclassification case against Hub Group settled.

Hub Group, a full-service transportation and logistics provider, detailed leadership changes on Thursday.

Hub Group reported year-over-year increases in its intermodal, logistics and truck brokerage segments during the third quarter.

Oak Brook, Illinois-based Hub Group announced that it has acquired Tagg Logistics for $103 million in cash.

Even though macroeconomic uncertainties lie ahead, Hub Group expects to find support in the medium term through improving rail service, market conditions that encourage more conversions to rail and the diversification of its business, executives said on Wednesday’s earnings call.

Customers are keen to lock in capacity for the year and mitigate risk, executives said during Hub Group’s first-quarter 2022 earnings call.

An internal process audit can be easier than you think, ships waiting for berths in San Pedro Bay have finally decreased, and Canada can’t quit with border issues.

Record earnings per share of $2.48 beat analysts’ estimates.

From capital investments to competitive access, issues that CSX has brought before the Surface Transportation Board reflect concerns facing the freight rail industry as a whole.

The importance of developing metrics that matter; Daimler Trucks cancels production of Western Star 5700 XE; UPS takes yet another increase; and a recap of earnings season.

Inventory restocking and demand for domestic intermodal service will support Hub Group into next year, executives said.

Hub Group forecasts mid-teens revenue growth between the Choptank business and cross-selling.

Transaction adds trucking to Hub’s refrigerated transport portfolio.

The trucking industry’s issues with driver availability along with customers’ commitment to sustainability are factors that could support growth for intermodal beyond 2021 and 2022, executives said during Hub Group’s earnings call on Thursday.

Vince Paperiello has been named to run the multibillion-dollar unit. The business had been run as a group effort for two years, a source says.

Anticipated growth for intermodal will help to support Hub Group’s investments for that sector in 2021.

The Office of Management and Budget is considering whether to greenlight a trucking automated driving systems project.

Wells Fargo transportation research analyst Allison Poliniak-Cusic raises expectations for intermodal providers in a new report. Favorable catalysts for the mode are expected to carry into 2022.

In today’s edition of The Daily Dash, a lawmaker would like to make COVID vaccines available at a truck stop chain; the future of trucking regulations; and why is trucking employment falling?

Retailers will want to pull forward inventory ahead of the 2021 peak season, the intermodal marketing company said. Fourth-quarter 2020 revenue grew by 6% although net profit slipped by 20% year-over-year.

In today’s edition of The Daily Dash, it’s been one year since the collapse of Celadon, and FreightWaves talks to some former drivers. Plus, Estes has been hit with a COVID-related lawsuit and Covenant is bumping up driver pay.

Hub Group’s acquisition ambitions land in the final-mile sector in a $94.5 million deal for non-asset provider NonstopDelivery.

A few images convey a great deal about the intermodal rail model.

Overall, there will be lower rail volume levels continuing into the first quarter of 2021.

Project will inform regulators on ADS safety rules.

Hub Group sees a strong demand environment continuing as most of its customers are operating with lean inventories. The company expects tight freight fundamentals to create a favorable rate environment in 2021.

Even as more states roll back their reopenings as COVID-19 continues to wreak havoc across the country, there is some evidence that the strong freight volumes seen in July are here to stay for a while.

Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.

The fourth quarter of 2020 or the first quarter of 2021 might be when the intermodal sector will see some volume growth. But truck capacity, fuel pricing and pandemic uncertainties make a recovery hard to pin down.

Hub Group’s first quarter miss included several one-off expenses unlikely to recur. However, volume headwinds are expected to persist in the near-term.

Hub Group joins other transportation companies in accessing revolving credit to improve liquidity.

Most companies are right near the 25% decline in the market since February 1.

Many freight and logistics providers have reported weak earnings in the past few weeks. Due to the current operating environment, these totals were expected and investors have begun buying into the second half recovery story.

FreightTech will be even more important and pervasive in 2020. Learn about some of the expanding trends in FreightTech.

Third-party transportation and logistics provider MODE Transportation has acquired SunteckTTS for an undisclosed amount. The combined entity is expected to generate $2 billion in annual revenue.

While Hub Group reported a
good quarter, its near-term outlook is pretty rough. In short, Hub Group doesn’t see a peak season coming in 2019.

Carloads on the railroads remained under water in the first week of the fourth quarter 2019. Intermodal weakness will be in the spotlight as third quarter earnings season approaches.

Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.

Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”

The negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and the outlook for the sector.

The share repurchase in its entirety represents a little more than 7.5 percent of the company’s outstanding common shares.

Hub Group rolled out its advanced end-to-end visibility data on May 15 that allows its customers to track loads in real time to help them better plan for a shipment’s arrival.

Strong bottom-line offsets some volume sluggishness.

Freight Alley in Chattanooga was the scene on the afternoon of February 21, when executives from FreightWaves, Nodal Exchange, DAT and K-Ratio presented the Trucking Freight Futures roadshow. Trucking Freight Futures debut on the Nodal Exchange on March 29.

Cowen expects softening trucking prices in 2019 to be a headwind for truckload carrier earnings, but should widen gross margins for freight brokerages.

Intermodal services firm to boost presence in consumer goods sector with acquisition of LTL consolidator and brokerage.

Optimal Dynamics uses AI and machine learning to assist fleets in finding loads a few days into the future, which would help carriers get ahead of their competition, as they could plan their network flow further in advance than usual.

Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.

There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.

It was a better quarter for three companies representing different sectors: 3PL, intermodal and truckload.

Mode’s relations with asset-based firms will be critical for its survival, says ex-Hub Group principal Brian Bowers.

Hub Group was looking at alternatives for Mode Transportation

Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.

NS had weak operating metrics in the first quarter, but strong performance. Hub sees a strong pricing environment for the rails.

The improvements in 3D printing technology has boosted the hopes that one day supply chains will become shorter as products are printer on-demand in close proximity to end users. Deutsche Post DHL Group and IT logistics provider Axit recently showcased how replacement parts could be produced and shipped in the same day.