Winter Weather Hits Hub’s 1Q Intermodal Volume, but Yields Still Strong and Margins Healthy
In the first quarter, narrow-moat Hub Group posted gross-revenue growth of 11.5%, excluding Mode (divested third-quarter 2018), slightly below our expectations due to intermodal volume pressure stemming from flood-related disruption in Iowa and Nebraska. Relative to the year-ago period, the top line increase was driven in part by 8.5% intermodal segment growth. Intermodal posted solid yield gains (high-single digits) on the back of robust contract pricing conditions over the past year (aided by ...Hub Group is a supply chain management company that provides transportation and logistics solutions. Through its network, the company arranges for the movement of freight in and out of every main city in the U.S., Canada and Mexico. The company's lines of business include: intermodal, which arranges for the movement of its customers' freight in containers and trailers; dedicated trucking, which provides a dedicated fleet of equipment and drivers to each customer; trust brokerage, which operates truck brokerage operations in the U.S.; and logistics, which provides a range of transportation management services and technology solutions, and delivers supply chain services to consumer-packaged goods clients.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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