Hub’s Profits Jump 162.4%
Third-party logistics company Hub Group said its second-quarter net income increased 162.4% compared to the same period in 2003 largely on the strength of its transportation businesses. Hub said it earned net income of $4.1 million on 7.2% higher revenues of $338.5 million from its intermodal, trucking, brokerage, and logistics operations. Second quarter intermodal revenue increased 5.7% to $242.3