Hub Group
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| Public | |
| Traded as |
NASDAQ: HUBG S&P 600 Component |
| Industry | Transportation |
| Founded | Hinsdale, Illinois (1971) |
| Founder | Phillip Yeager |
| Headquarters | Oak Brook, Illinois |
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Number of locations
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33 |
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Area served
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North America |
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Key people
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David P. Yeager, Chairman and CEO Donald G. Maltby, President and COO Terri A. Pizzuto, Executive Vice President and CFO |
| Services |
Intermodal freight transportation Logistics Truck brokerage |
| Revenue | $3.5 billion (2015) 
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$117 million  (2015) |
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| $70.9 million (2015) |
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| Total assets | $1.3 billion (2015) |
| Total equity | $647.84 million (2014) |
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Number of employees
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2,605 (2015) |
| Divisions | Unyson |
| Subsidiaries | Mode Transportation Hub Group Trucking |
| Website | hubgroup |
Hub Group (NASDAQ: HUBG) is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage and logistics services. As a publicly-traded company with over $3.5 billion in revenue, Hub Group’s organization of 2,500+ employees delivers services to help customers better manage their supply chains and logistics costs. The company owns two subsidiaries: Mode Transportation (formerly Exel Transportation Services), a third party logistics company (Unyson); and Hub Group Trucking, which provides intermodal freight transport and drayage services. Hub Group was founded in 1971 by Phillip Yeager. The company went public in 1996 and is traded on the NASDAQ exchange. David Yeager, son of Phillip Yeager, serves as Hub Group Chairman and Chief Executive Officer. The company is headquartered in Oak Brook, Illinois.
In 1971, Phillip and Joyce founded Hub Group (then known as Hub City Terminals) in Hinsdale, Illinois. The company was started with $10,000 and was located in a windowless, one-room office above a flower shop. The 43-year-old Phillip Yeager quit his job at the Pennsylvania Railroad, where he had worked for 19 years, to create Hub Group. At the time of its formation, Hub City Terminals worked as a shipper's agent, which was an intermediary that booked intermodal transportation with railroads.
In 1975, Yeager and his wife set up a series of S corporations to expand their business. Each office operated separately and had its own profit and loss center.
Hub City Terminals was renamed Hub Group in 1985.
In 1995, David Yeager became Chief Executive Officer of Hub Group. He had been with the company since 1975, when he opened the company's Pittsburgh, Pennsylvania regional office. David Yeager had become Co-Chairman of the company in 1992.
In 1996, Hub Group held an initial public offering. A year later, in 1997, the company became the first intermodal marketing company to top $1 billion in yearly revenue. Hub Group had 34 regional offices by 1998, when the company borrowed $100 million to begin purchasing all outstanding minority interests in the company's regional offices.
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Wikipedia