Hub Group Inc Class A

HUBG: XNAS (USA)
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Hub Group Earnings: Intermodal Container Demand Remains Challenged, but No Surprises

Hub Group’s gross revenue fell to a 26% year-over-year decline, led by significant weakness in intermodal container demand, along with softer truck brokerage pricing. Revenue fell short of our expected run rate on greater-than-expected intermodal volume deterioration. Overall, however, the top-line pullback is not unexpected given retail sector inventory destocking and anemic import activity.

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