You might also like
Hub Group, Inc. (HUBG) is a leading North American supply chain solutions provider specializing in transportation and logistics management services. The company offers a wide range of services, including intermodal transportation, trucking, and logistics solutions, to meet the diverse needs of its customers. HUBG focuses on delivering reliability, visibility, and value through tailored, technology-driven supply chain solutions.
-
Intermodal and Transportation Solutions (ITS) - Provides nationwide intermodal transportation by combining rail and trucking services, supported by a fleet of approximately 50,000 containers and partnerships with railroads. Includes dedicated trucking services with a fleet of 2,300 tractors, 4,700 trailers, and 3,200 employee drivers, as well as contract-based fleets for high-service needs.
- Intermodal Services - Offers door-to-door transportation using rail and local trucking.
- Trucking Operations - Delivers local and regional trucking services with high reliability.
- Dedicated Services - Supplies contract-based fleets tailored to customer-specific requirements.
-
Logistics - Offers comprehensive logistics solutions, including transportation management, freight consolidation, warehousing, fulfillment, final mile delivery, parcel, and international services. Includes a brokerage business that handles truckload, less-than-truckload (LTL), flatbed, and temperature-controlled freight.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Phillip D. Yeager ExecutiveBoard | Vice Chairman of the Board, President, and CEO | None | Joined HUBG in 2011. Held multiple leadership roles, including COO and Chief Commercial Officer. Became CEO in 2023 and Vice Chairman in 2024. | |
Brent M. Rhodes Executive | Executive Vice President and CAO | None | Joined HUBG in 2024. Previously served as CAO at ATI Physical Therapy. Extensive experience in audit and accounting. | |
Brian H. Meents Executive | Executive Vice President and COO | Board Member at University of Denver’s Transportation and Supply Chain Institute | Joined HUBG in 2009. Held various leadership roles in sales, marketing, and intermodal operations. Appointed COO in November 2024. | |
Dhruv Bansal Executive | Executive Vice President and CIO | None | Joined HUBG in 2020. Previously worked at XPO Logistics and E2Open. Appointed CIO in March 2022. | |
Kevin W. Beth Executive | Executive Vice President, CFO, and Treasurer | None | Joined HUBG in 2003. Previously served as Chief Accounting Officer. Became CFO in 2024. | |
Thomas P. LaFrance Executive | Executive Vice President, Chief Legal and HR Officer, and Corporate Secretary | None | Joined HUBG in 2021 as General Counsel. Became Chief Legal and HR Officer in February 2024. | |
Gary Yablon Board | Director | Senior Managing Director at 22V Advisors | Former Managing Partner at Impala Asset Management. Recognized transportation analyst. Joined HUBG Board in 2022. | |
James C. Kenny Board | Director | Director of Kenny Industries, LLC | Former U.S. Ambassador to Ireland. Extensive governance and leadership experience. Joined HUBG Board in 2016. | |
Jenell Ross Board | Director | President of Bob Ross Auto Group, Board Member at University of Dayton, Minority Business Partnership, and others | Automotive industry leader. President of the first African-American-owned Mercedes-Benz dealership. Joined HUBG Board in 2022. | |
Lisa Dykstra Board | Director | SVP and CIO at Ann & Robert H. Lurie Children’s Hospital, Board Member at Erie Family Health, InspireCIO, and others | IT leader with expertise in cybersecurity and digital health. Joined HUBG Board in 2022. | |
Martin P. Slark Board | Director | Director at Liberty Mutual Holding Company and Northern Trust Corporation | Former CEO of Molex. Extensive global business and strategic planning experience. Joined HUBG Board in 1996. | |
Mary H. Boosalis Board | Director | Member of Ohio Hospital Association Board, Greater Dayton Area Hospital Association Boards | Former President and CEO of Premier Health. Extensive healthcare leadership experience. Joined HUBG Board in 2018. | |
Michael E. Flannery Board | Director | Senior Advisor at Duchossois Capital Management, Board Member at Chamberlain Group, Maritz, and others | Former CEO of Duchossois Capital Management. Extensive experience in M&A and strategic planning. Joined HUBG Board in 2022. | |
Peter B. McNitt Board | Lead Independent Director | Director at Old Republic International Corporation | Former Vice Chair at BMO Harris Bank. Financial expert with over 40 years of experience. Joined HUBG Board in 2017. |
- Given your focus on organic growth and a capital expenditure budget of $50 to $70 million, how does M&A fit into your capital deployment strategy, and are there any significant acquisitions planned that could meaningfully impact your portfolio in 2025 or 2026?
- As the pricing cycle turns, will you prioritize volume growth by being aggressive on pricing, or will you focus on protecting and improving margins even if it means potentially sacrificing volume?
- With Intermodal volumes expected to grow at a high rate in the first half but decelerate in the second half due to tougher comps, how are you preparing to sustain growth and manage investor expectations for the rest of the year?
- Given that Logistics margins were lighter than expected in Q4, especially in brokerage, what specific challenges led to this underperformance, and how will you offset the challenges in a tightening brokerage market to improve margins in Q1?
- With around 20% of your containers currently stacked, indicating significant excess capacity, how will you manage adding new volume to improve asset utilization without eroding pricing in the market?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Corporación Interamericana de Logística, S.A. de C.V. (EASO) | 2024 | Hub Group entered into an investment agreement in October 2024 to acquire a controlling 51% equity stake in EASO for $51.0 million in cash, adding significant intermodal and trucking logistics capabilities focused on the Mexican and cross-border markets. |
TAGG Logistics, LLC | 2022 | Hub Group acquired 100% of TAGG Logistics on August 22, 2022 for $103.5 million in cash, expanding its e‑commerce, B2B, and omnichannel fulfillment solutions with an enhanced U.S. warehousing footprint and associated goodwill and intangibles. |
Choptank Transport, LLC | 2021 | Hub Group acquired Choptank for approximately $130 million in cash plus $20 million in restricted stock, gaining a complementary refrigerated freight brokerage with strong revenue, proprietary technology, and earnings accretion potential for its truck brokerage operations. |
NonstopDelivery, LLC | 2020 | Hub Group completed the acquisition of NSD for $94.5 million (including incentive compensation) to enhance its residential last-mile delivery services, gaining a non-asset-based operation with significant revenue and EBITDA potential along with operational synergies. |
No recent press releases or 8-K filings found for HUBG.