Difficult market conditions led by shippers with high inventory levels, along with excess market capacity, created declining revenue in Hub Group’s fourth-quarter intermodal and logistics segments.
“This led to challenging fundamentals in our more transactional service lines,” President and CEO Phil Yeager said during an earnings call with analysts after the market closed Thursday. “We have a solid pipeline of new onboarding that will support growth in 2024. Despite a challenging industry...
https://www.freightwaves.com/news/hub-group-sees-q4-revenue-fall-23-year-over-year-to-985m