Truck-to-rail conversions should remain a positive for Hub's intermodal operations longer term.
Narrow moat-rated Hub Group posted a 5% decline in second-quarter gross revenue, due to lower fuel surcharges and weak intermodal activity relative to the same period last year. Revenue trends fell short of our expected run rate due in part to lackluster underlying freight demand, but it appears the firm had a highly successful bid season, and we currently expect much of the shortfall to be made up during the second half. On the profitability front, impressive intermodal gross-profit margins mor...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.
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