Hub Group, Inc. - Company Research Report

Company Overview

• Name: Hub Group, Inc.

• Mission of the Company: To drive performance through exceptional service and innovative solutions.

• Founded: 1971

• Founder: No information is available.

• Key People:

• Phillip D. Yeager - President, Chief Executive Officer, and Vice Chairman

• Kevin Beth - Executive Vice President, Chief Financial Officer, and Treasurer

• Tom LaFrance - Executive Vice President, Chief Legal & Human Resources Officer, and Corporate Secretary

• Dhruv Bansal - Executive Vice President, Chief Information Officer

• Brian Meents - Executive Vice President, Chief Operating Officer

• Brent Rhodes - Chief Accounting Officer

• Headquarters: 2001 Hub Group Way, Oak Brook, Illinois 60523

• Number of Employees: No information is available.

• Revenue: No information is available.

• What is the Company Known For?: Hub Group is known for being a leading, customer-centric supply chain solutions provider with expertise in intermodal transportation, truck brokerage, asset trucking, and dedicated trucking.

Products

Transportation Solutions

1. Intermodal Transportation

• Description: Provides flexible, reliable intermodal transportation services across North America.

• Key Features: Asset-based intermodal program with a focus on reliability and efficiency.

2. Truck Brokerage

• Description: Combines technology with an expansive operations network for freight delivery.

• Key Features: Cost-effective, safe, and timely delivery of freight with a strategic blend of national and regional carriers.

3. Asset Trucking

• Description: Focuses on reliability and safety.

• Key Features: Investments in up-to-date, high-quality trucks and equipment.

4. Dedicated Trucking

• Description: Provides unparalleled service for greater supply chain efficiency.

• Key Features: Includes fleet management and 24/7 administrative support.

Logistics Management

1. Managed Solutions

• Description: Full range of 3PL capabilities harnessing the power of technology.

• Key Features: Tailored to support specific supply chain needs.

2. Consolidation & Fulfillment

• Description: Strategic warehouse networks and consolidation expertise.

• Key Features: Cost-cutting and efficient supply chain frameworks.

3. International Freight

• Description: Designing international solutions with added visibility and savings.

• Key Features: Combines buying power with enhanced freight visibility.

4. Final Mile

• Description: Quality delivery to customers' doors.

• Key Features: Extends standard of quality to home and business deliveries.

Industries Served

• Retail Logistics

• E-Commerce Logistics

• CPG (Consumer Packaged Goods) Logistics

• Durable Goods Logistics

• Automotive Logistics

• Chemical Logistics

• Healthcare Logistics

• Food & Beverage Logistics

• Additional industries including Paper, Building Products, Glass, and Wine, Spirits, and Breweries Logistics.

Recent Developments

• Joint Venture:

• Hub Group has initiated a joint venture with EASO, a premier intermodal and trucking logistics provider in Mexico, to expand its Mexico intermodal and cross-border service offering.

• Acquisitions:

• 2023: Acquired Forward Air Final Mile to enhance its appliance delivery and installation capabilities.

• 2022: Acquired TAGG Logistics, expanding its e-commerce, B2B, and omnichannel logistics services.

• 2021: Acquired Choptank, boosting refrigerated transportation services.

• Sustainability Initiatives:

• Hub Group is committed to sustainability, including reducing fuel consumption and engaging in greener business practices, recognized by its U.S. EPA LEED Gold certification for its headquarters.

Additional Information

• Corporate Social Responsibility: Hub Group is focused on driving sustainability for both customers and the company itself.

• Community Engagement: The company's #CauseContainer program, launched in 2015, aids various charitable causes.

This comprehensive report aims to provide a detailed perspective on Hub Group, Inc. and highlights its commitment to delivering innovative supply chain solutions and enhancing service capabilities through strategic growth and sustainability initiatives.