Hub Group Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net income of $16.5 million or $0.45 per basic and diluted share compared to $18.8 million or $0.51 per basic and diluted share a year ago. Diluted non-GAAP earnings per share were $0.50 compared to $0.51 per share in last year. Revenue was $885.3 million compared to $801.0 million a year ago. Operating income was $27.3 million compared to $31.6 million a year ago. Income before provision for income taxes was $26.9 million compared to $31.4 million a year ago. Capital expenditures were $45 million.

For the year, the company reported net income of $69.1 million or $1.87 per diluted share compared to $67.95 million or $1.83 per diluted share in last year. Diluted non-GAAP earnings per share were $1.92 for the year compared to $1.83 per share in last year. Revenue was $3,373.9 million compared to $3,124.1 million a year ago. Operating income was $113.7 million compared to $112.4 million a year ago. Income before provision for income taxes was $112.6 million compared to $111.3 million a year ago. Net cash provided by operating activities was $117.4 million compared to $92.9 million a year ago. Purchases of property and equipment were $110.9 million compared to $56.9 million a year ago. This capital expenditure includes $59 million on containers, $26 million on the new corporate headquarters, $14 million for tractors and trailers, and the remainder for technology.

The company reported non-cash impairment charge of $2.9 million related to changing the trade name of Comtrak Logistics to Hub Group Trucking.

For the year 2014, the company expects diluted earnings per share will be within the current analyst range of $2.01 to $2.15. Estimated capital expenditures for 2014, excluding any new container purchases, are between $60 million and $80 million.