Hub Group’s Third-Quarter Income Rises

Logistics firm Hub Group’s third-quarter income improved on higher intermodal activity.

Net income rose to $16.3 million, or 44 cents per share, from $12.6 million, or 34 cents a share, a year ago.

Revenue rose to $760 million, from $478 million.

Intermodal revenue increased 19% to $402 million, led by a 10% volume increase and a 9% increase for fuel, price and mix.

Truck brokerage revenue decreased 3% to $83 million, while Unyson Logistics revenue increased 39% to $76 million.

Hub Group is ranked No. 42 on the Transport Topics Logistics 50 list U.S. and Canadian logistics companies.