Hub reports lower 4th quarter earnings
Intermodal company Hub Group Inc. reported fourth quarter profit of $14.2 million compared to $18 million in the same 2007 period.
Revenue for the quarter was $430 million compared to $445 million in the fourth quarter of 2007.
“Even in this difficult economic environment, during the fourth quarter we generated solid earnings,” said David P. Yeager, chairman and chief executive officer. “Our variable cost, asset-light model allowed us to reduce costs in the quarter to help compensate for the weaker economy. We will continue to work to improve efficiencies and maintain tight control over our costs and expenses in this challenging environment.”