Hub Group Inc's Business Segments

Hub Group, Inc. is a Delaware corporation that was incorporated on March 8, 1995. We are one of North America’s leading asset-light freight transportation management companies. We offer comprehensive intermodal, truck brokerage and logistics services. Since our founding in 1971, we have grown to become one of the largest intermodal marketing companies (“IMC”) in the United States and one of the largest truck brokers. Through our network, we have the ability to arrange for the movement of freight in and out of every major city in the United States, Canada and Mexico. We utilize an asset-light strategy in order to minimize our investment in equipment and facilities and reduce our capital requirements. We arrange freight movement for our customers through transportation carriers and equipment providers.

Hub Group Inc. is a leading provider of integrated logistics services, specializing in intermodal transportation and truck brokerage solutions. Their offerings are designed to meet the diverse needs of shippers by providing flexible and efficient transportation options. Below is an extensive overview of the segments, products, and services that Hub Group offers:

Segments

1. Intermodal Transportation:
- Overview: Hub Groups intermodal operations involve the transport of freight in intermodal containers or trailers using multiple modes of transportation—typically involving truck and rail.
- Network Management: The entire network is managed using Hubs proprietary Network Management System. This system is designed to optimize routing and ensure operational efficiency.
- Geographical Coverage: Hub Groups intermodal network connects all major cities across the United States, Canada, and Mexico, enabling a broad service footprint that can accommodate various freight shipping needs.

2. Truck Brokerage:
- Overview: In addition to intermodal services, Hub Group provides truck brokerage services, allowing customers to book freight transport via a network of third-party truck carriers.
- Carrier Network: Hub Group has a vast network of vetted carriers, ensuring that customers can find suitable transport options for their freight.

3. Logistics Services:
- Overview: Hub Group offers comprehensive logistics services that focus on optimizing supply chain efficiency, reducing costs, and improving overall service delivery.
- Supply Chain Solutions: Tailored solutions help businesses streamline their logistics operations and enhance delivery timelines.

Products and Services

1. Intermodal Services
- Order Placement: Customers initiate a transaction by contacting one of Hub’s intermodal operating centers or a Mode Intermediary Business Office (IBO) to request transportation.
- Equipment Management: The operating center/IBO determines pricing, arranges necessary equipment (containers or trailers), and coordinates with drayage companies for local pick-up and delivery.
- Predictive Track and Trace Technology: Hub Group employs advanced technology to monitor real-time shipment status, ensuring timely arrival and proactive communication regarding any potential delays.
- Delivery Coordination: After loading, Hub arranges the transportation of freight to rail ramps and coordinates the final delivery by drayage companies at the destination.

Truck Brokerage Services
- Quote and Booking: Customers request quotes from Hubs highway operating centers or Mode IBOs, providing necessary shipping details for accurate pricing.
- Carrier Engagement: Once a booking is confirmed, Hub arranges for an appropriate carrier to pick up the freight and monitors its transport until it reaches the destination.
- Freight Management: The operating center reviews load confirmations and may seek additional freight opportunities for carriers that complete deliveries, thereby optimizing fleet utilization.

Logistics Solutions
- Transportation Management: Hub Group provides advanced transportation management services to help customers navigate their supply chain challenges more effectively.
- Data Analytics and Reporting: Clients receive insightful analytics and reporting tools to assess transportation costs, delivery performance, and overall supply chain efficiency.
- Customized Solutions: Services are tailored to meet specific customer needs, taking into consideration unique business challenges and shipping requirements.

Additional Features
- Technology Integration: The utilization of advanced technology facilitates seamless communication, tracking, and data management throughout the supply chain process.
- Customer-Centric Approach: Hub Group prioritizes customer service, ensuring that support personnel are readily available to assist clients with inquiries and resolve any issues that may arise during the transportation process.
- Sustainability Initiatives: Hub Group is committed to implementing sustainable practices across its operations, focusing on reducing the environmental impact of transportation.

In summary, Hub Group Inc. stands out in the logistics industry by providing a comprehensive array of intermodal transportation, truck brokerage, and logistics solutions. Through a combination of cutting-edge technology, extensive network connections, and a strong focus on customer service, Hub Group effectively meets the growing demands of shippers across North America.