Hub Group, Inc. Provides Earnings Guidance for the Year 2023
October 27, 2023 at 01:35 am IST
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Hub Group, Inc. provided earnings guidance for the year 2023. For the year, The company expects 2023 diluted earnings per share will range from $5.30 to $5.40. The company also estimate revenue will be approximately $4.2 billion.
Hub Group, Inc. is a supply chain solutions provider, which offers comprehensive transportation and logistics management services. The Company operates through two segments: Intermodal and Transportation Solutions (ITS), and Logistics. Its ITS segment includes its intermodal and dedicated trucking. Its Logistics segment includes full outsource logistics solutions, transportation management services, freight consolidation, warehousing and fulfillment, and final mile delivery services. Logistics also includes its brokerage business which provides third-party truckload, less-than-truckload (LTL), flatbed and temperature-controlled needs. The Companyâs service offerings include a full range of freight transportation and logistics services, some of which are provided by assets the Company owns and operates, and some of which are provided by third parties with whom it contracts. The Company serves range of industries, including retail, consumer products, automotive and durable goods.