HUB Group

Why Susquehanna is getting bullish on trucking

The truckload market enters 2025 showing signs of stabilization after nearly three years of freight recession. While earnings remain depressed across the sector, Susquehanna analyst Bascome Majors sees reasons for optimism that the industry is poised for recovery over the next two years. In a Friday client note, Majors writes that “tangible signs of progress are still incremental – a holiday peak with seasonal lifts in tender rejection rates and slightly super-seasonal dry van spot rates,...

https://www.freightwaves.com/news/why-susquehanna-is-getting-bullish-on-trucking

Hub Group’s total revenue down 3.7% on weak Q3 market

Hub Group Inc.’s third-quarter revenue and profit fell year over year due to ongoing weakness in the freight market.

The company reported third-quarter revenue of $987 million, a 3.7% year-over-year decrease from $1 billion reported in the third quarter of 2023.

Oak Brook, Illinois-based Hub Group (NASDAQ: HUBG) is a provider of intermodal, truck brokerage and logistics services.

Hub Group’s adjusted earnings per share came in at 52 cents, compared to the 48-cent EPS reported in the third quarter...

https://www.freightwaves.com/news/hub-groups-total-revenue-down-3-7-on-weak-q3-market

Hub Group inks joint venture with Mexico’s largest intermodal carrier

Intermodal transportation provider Hub Group said Tuesday it has formed a joint venture with Mexico’s largest intermodal carrier, EASO. The deal is expected to be immediately accretive to Hub Group’s earnings.

Mexico City-based EASO is a 50-year-old family-run company providing intermodal, truckload (including dedicated) and freight brokerage services. It operates a network of terminals serving all domestic markets in Mexico as well as cross-border logistics hubs in the U.S. The company touts a...

https://www.freightwaves.com/news/hub-group-inks-joint-venture-with-mexicos-largest-intermodal-carrier

Hub Group posts decline in Q2 earnings, lowers 2024 outlook

Multi-modal supply chain solutions provider Hub Group Inc. posted a decline in second-quarter revenue and lowered its outlook for full-year earnings as the freight market continues to challenge transportation providers, company officials said.

Management cited lower revenue per load and decreasing revenue in its intermodal segment as factors impacting second quarter results.

“We just feel that the market, both the macro and the free market, is very hard to predict,” Kevin Beth, Hub Group’s CFO,...

https://www.freightwaves.com/news/hub-group-posts-decline-in-q2-earnings-lowers-2024-outlook

Hub Group sees Q1 revenue fall 13% year over year to $999M

Weak freight market conditions continue placing financial strains on transportation providers, said Phil Yeager, president and CEO of Hub Group Inc.

“Market conditions have remained soft … largely due to excess truckload capacity that is yet to exit the industry,” Yeager said during an earnings call with analysts after the market closed on Thursday.

Hub Group reported first-quarter revenue of $999.5 million, a 13% year-over-year (y/y) decline.

The company reported net income of $27 million, a 56%...

https://www.freightwaves.com/news/hub-group-sees-q1-revenue-fall-13-year-over-year-to-999m

Hub Group sees Q4 revenue fall 23% year-over-year to $985M

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

Forward Air sells final-mile unit to Hub Group for $262M

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Forward Air announced Wednesday that it sold its final-mile business to Hub Group for $262 million....

https://www.freightwaves.com/news/forward-air-sells-final-mile-unit-to-hub-group-for-262m

Hub Group’s Q3 revenue declines in ‘very soft freight environment’

Lower demand and oversupply of truckload capacity in the market led to revenue declines across Hub Group’s intermodal and logistics segments during the third quarter, company officials said.

Oak Brook, Illinois-based Hub Group (NASDAQ: HUBG), a provider of intermodal transportation and logistics management solutions, reported third-quarter earnings after the market closed Thursday.

“As we discussed in our last call, we felt as though the third quarter would be our most challenging and that did...

https://www.freightwaves.com/news/hub-groups-q3-revenue-declines-in-very-soft-freight-environment

Check Call: Here lies Yellow

Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EDT. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.

In this edition: The fallout from Yellow’s anticipated bankruptcy, UPS loses big to FedEx, and Hub Group throws down against the competition.

(Image: Twitter)

It’s said that when one door closes another one opens. Here’s...

https://www.freightwaves.com/news/check-call-here-lies-yellow

Hub Group’s Q2 earnings tumble in ‘challenging’ freight economy

Hub Group’s revenue and profits fell in the second quarter compared to last year’s record-breaking results.

The transportation provider reported second-quarter earnings per share (EPS) of $1.44, 3 cents better than the analysts’ estimate of $1.41 but a 52% year-over-year (y/y) decline compared to the same period in 2022.

Revenue for the quarter came in at $1 billion versus the analysts’ estimate of $1.12 billion. Second-quarter revenue declined 29% compared to 2022, when Hub Group reported...

https://www.freightwaves.com/news/hub-group-q2-earnings-tumble-in-challenging-economy

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