Transportation giant Hub Group Inc. said Tuesday it has acquired truck brokerage Choptank Transport Inc., which specializes in refrigerated transportation, for $130 million in cash, a move that puts Hub in the over-the-road reefer business for the first time.
The transaction, which closed on Tuesday, creates strong cross-selling opportunities for Oak Brook, Illinois-based Hub (NASDAQ:HUBG), company executives said in an analyst call after the deal was announced. Hub’s over-the-road business...
https://www.freightwaves.com/news/hub-group-buys-choptank-to-enter-refrigerated-over-the-road-space