Hub Group Has Strong First Quarter On Higher Intermodal Volumes
April 21, 2010
Intermodal company Hub Group reported increased income, earnings and revenue for the first quarter, as intermodal volumes were up 16 percent
, the company said.
Net income was $8.7 million, up from about $6.2 million for the first quarter 2009. Earnings per share landed at 23 cents, a 35 percent boost over the year-ago quarter. Total revenue was up 19 percent to $417 million compared to $352 million in the first quarter of 2009.
Intermodal revenue gained 17 percent in the first quarter to $287 million. Truck brokerage revenue increased 23 percent to $83 million, while logistics revenue rose 23 percent to $47 million.
"We have started 2010 with a good first quarter," said David P. Yeager, chairman and CEO. "All three business lines showed solid growth, and we look forward to taking this positive momentum into the quarters ahead."