Hub Issues 1Q Outlook
Cites Intermodal, Brokerage Slowdown
Hub Group Inc. said its first-quarter will be 15 to 20 cents per share, including an $800,000 severance plan.
Intermodal and truck brokerage volume continued to decline due to the continued economic downturn, the company said, adding that it expects intermodal volume to be down 5% to 7% in the quarter.
Its truck brokerage revenue will drop 22% to 28% due to declines in price, volume and fuel.
Hub Group will announce its first-quarter results on April 22.
