Hub Sells Distribution Division

April 04, 2000

SHARING TOOLS        | Print Subscribe
Hub Group, Lombard, IL, has signed a letter of intent to sell its interest in Hub Group Distribution Services. The transaction is expected to close by the end of the second quarter, and once the transaction is complete, the company will reportedly use the proceeds from the sale to pay down debt, provide capital for potential acquisitions and fund continued investment in the development of e-Business initiatives and systems enhancements.
The sales and operating partnership between Hub Group and HGDS will be maintained, enabling each organization to offer a broad range of services to customers.

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.


ELDs and Telematics

sponsored by
sponsor logo

Scott Sutarik from Geotab will answer your questions and challenges

View All

Sleeper Cab Power

Steve Carlson from Xantrex will answer your questions and challenges

View All