Hub Group Quarterly Income Drops, Increases in 2013
Hub Group has announced financial results showing income of $16.5 million for the fourth quarter of last year or earnings per share of 45 cents...
Photo: Evan Lockridge
Photo: Evan Lockridge
Hub Group has announced financial results showing income of $16.5 million for the fourth quarter of last year or earnings per share of 45 cents, compared to $18.8 million or 51 cents per share the same time a year ago.
Income for the year was $69.1 million or earnings per share of $1.87, compared to $68 million or $1.83 per share during 2012 for the Illinois-based asset light freight transportation management company that intermodal, truck brokerage and logistics services.
Revenue rose to $885.2 million in the fourth quarter from $801 million a year earlier while it increased to $3.4 billion for all of last year versus $3.1 billion during 2012.
The company’s income was hurt by a non-cash impairment charge of $2.9 million related to changing the trade name of Comtrak Logistics to Hub Group Trucking. Excluding the effect of this item, earnings per share was increased to 50 cents per share for the final quarter of 2013.
More details are on the Hub Group website.
More Fleet Management
Does Your Trucking Fleet Need a New TMS? [Video]
Cloud technology, AI and new integrations are changing what transportation management systems can do. But does taking advantage of those advances mean replacing your existing TMS?
Read More →
Road Ready Becomes Saegic, Launches New Trailer Telematics Gateway
Clarience Technologies is rolling out new hardware and expanding its plans for connecting trailer telematics, maintenance data, and video.
Read More →
Give Your Trucking Fleet a Cybersecurity Walkaround
Your fleet's cybersecurity policies may look good on paper. These seven checks can help you find out whether they’re working.
Read More →
Kodiak Lines Up Fleets for Driverless Trucking
An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.
Read More →
ITS Logistics Settles Religious Harassment Case
The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.
Read More →
Your Trucks Are Busy. That Doesn’t Mean They’re Winning.
High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.
Read More →
Why This Trucking Recovery Is Different
Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data
PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.
Read More →
Motive Adds AI Agents for Fleet Operations
New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.
Read More →