Hub Group Inc is a Delaware corporation that was incorporated on March 8, 1995. The Company provides intermodal transportation services utilizing mainly third party arrangements with railroads and drayage companies. The Company also arranges for transportation of freight by truck and performs logistics and drayage services. The Company's entire network is interactively connected through its proprietary Network Management System. This enables the Company to move freight into and out of every city in the United States, Canada and Mexico. Each operating center is strategically located in a market with a concentration of shipping customers and one or more railheads. Through its network, the Company has the ability to move freight in and out of everycity in the United States, Canada and Mexico. It service a customer base in a range of industries, including consumer products, retail and durable goods. port two distinct business segments. The first segment is Mode, which includes the acquired Mode business only. The second segment is Hub, which is all business other than Mode. Both segments offer intermodal, truck brokerage and logistics services. The Company includes both segments. Hub operates through a network of operating centers throughout the United States, Canada and Mexico. Each operating center is strategically located in a market with a concentration of shipping customers and one or more railheads. Hub services a large and diversified customer base in a broad range of industries, including consumer products, retail and durable goods; and Mode markets and operates its freight transportation services through its network of IBOs who enter into contracts with Mode. Mode's company managed operation includes a business arranging for the transportation of raw materials and finished products for a food producer and to a lesser extent, other highway brokerage, Intermodal and logistics operations: Its transportation services for both the Hub and the Mode segments can be broadly placed into the following categories: Intermodal. As an IMC, it arrange for the movement of its customers' freight in containers and trailers, typically over long distances of 750 miles or more. It uses its network to access containers and trailers owned by leasing companies, railroads and steamship lines. Truck Brokerage (Highway Services): It is the truck brokers in the United States, providing customers with another option for their transportation needs. Logistics and Other Services: logistics business operates under the name of Unyson Logistics. Unyson Logistics is comprised of a network of logistics professionals dedicated to developing, implementing and operating customized logistics solutions. The Company competes against other IMCs, as well as logistics companies, third party brokers, trucking companies and railroads that market their own intermodal services. Competition is based on freight rates, quality of service, reliability, transit time and scope of operations. The Company's operations are subject to various environmental laws and regulations.
Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content.