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About
Hub Group, Inc. operates as a transportation management company. It provides comprehensive intermodal, truck brokerage and logistics services. The company operates in two segments: Hub and Mode. The Hub segment offers comprehensive intermodal, truck brokerage and logistics services. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through IBOs who enter into contractual arrangements with Mode. It provides services to customer from different industries, including consumer products, retail and durable goods. Hub Group was founded by Phillip C. Yeager in 1971 and is headquartered in Oak Brook, IL. | |||
Description
Hub Group, Inc., an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances. The company contracts with railroads to provide transportation for the long-haul portion of the shipment and with local trucking companies for pickup and delivery. Its intermodal services also comprise negotiating rail and drayage rates, electronically tracking shipments in transit, and consolidate billing and handling claims for freight loss and damage on behalf of customers. In addition, the company offers truck brokerage services, as well as a range of transportation management services and technology solutions, including shipment optimization, load consolidation, mode selection, carrier management, load planning and execution, and Web-based shipment visibility under the Unyson Logistics name. Further, it provides multi-modal transportation services, such as small parcel, heavyweight, expedited, less-than-truckload, truckload, intermodal, and railcar. As of December 31, 2016, the company owned a total of 29,378 53-foot private containers, as well as access to approximately 2,581 rail-owned containers for use on the Union Pacific and the Norfolk Southern rails. Hub Group, Inc. was founded in 1971 and is headquartered in Oak Brook, Illinois. | |||
