Hub Group announces record 1Q earnings

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Hub Group Inc. on Thursday, April 19, reported record income from continuing operations for the quarter ended March 31 of $11.4 million, a 35 percent increase versus income from continuing operations for the first quarter of 2006. The Downers Grove, Ill.-based company said its operating margin increased to 4.6 percent in 2007 from 3.8 percent in 2006 due to yield enhancement efforts, improved operational efficiencies and growth in drayage and truck brokerage.

Hub Group also reported:

  • First-quarter revenue increased 10.2 percent to $393.3 million compared to $356.8 million in the first quarter of 2006;
  • First-quarter intermodal revenue increased 10.4 percent to $287.8 million, which includes two months of additional revenue for Comtrak;
  • Truck brokerage revenue increased 7.3 percent to $74.6 million this quarter;
  • First-quarter logistics revenue increased 16.4 percent to $30.9 million; and
  • Gross margin from continuing operations increased 19.6 percent to $56.7 million compared to the first quarter of 2006.