Hub Group Q4 Profit Falls Despite Intermodal Volume Growth

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Fourth-quarter and full-year profit and revenue at Hub Group fell as lower revenue per load outweighed increased intermodal volume amid an ongoing weak freight market, the company said.

However, quarterly results matched analyst prognostications, and company executives expressed optimism about the prospects for 2025 after a January that surpassed expectations.

Hub Group posted fourth-quarter 2024 net income of $24.37 million, or 40 cents per share, a decrease of 18.2% compared with $29.79 million, 46 cents, in the year-ago period, the Oak Brook, Ill.-based company said after the markets closed Feb. 6. Hub’s revenue for the most recent quarter totaled $973.5 million, a 1% decline from $985 million in Q4 2023.

The company’s full-year 2024 profit came in at $104 million, $1.70, down 37.9% compared with $167.53 million, $2.62, in 2023. The company’s full-year revenue slid to $3….