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Hub Group history
Hub Group company history timeline
Hub Group, Inc. was founded by Philip C. Yeager in Hinsdale, Illinois, in 1971.
In 1975, Yeager and his wife set up a series of S corporations to expand their business.
He had been with the company since 1975, when he opened the company's Pittsburgh, Pennsylvania regional office.
1985: Company begins soliciting Fortune 500 accounts.
Hub City Terminals was renamed Hub Group in 1985.
In 1989, the company added a division called Hub Highway Services.
Hub Group as a whole had sales of $350 million in 1990.
Up from the mere handful of employees Hub started with, by 1990 it had 350 employees, working out of 35 locations.
Hub Group also opened a subsidiary in Canada in 1990, and moved into the southern California market more aggressively by opening an office in San Diego.
The company also launched a subsidiary, Hub Group Distribution Services (HGDS), in 1990.
1990: Company installs sophisticated computer data exchange system.
Hub Group took on the Sears account in 1991, signing a contract with Sears Logistic Service to handle all that company's intermodal freight needs.
By 1992, the company had become by its own account the nation's largest intermodal shipping agent.
David Yeager became co-chairman of the company in 1992.
Hub gained a major new client in 1993 when the giant detergent company Clorox Co. agreed to let Hub handle all its intermodal shipping for its cleaning products division.
Soon after, Hub announced it was forming a joint venture with the Norton Lilly International Shipping Agency to move cargo over land for ocean carriers. It launched a division called Hub Group International in 1994, and focused first on international shipments within North America.
In 1995, Phillip Yeager’s son, David Yeager, became chief executive officer of Hub Group.
In March 1996 Hub Group went public, listing its stock on the NASDAQ. Its shares started out at $14, and a year later had zoomed up to over $27.
The joint venture was christened HLX. Hub also acquired American President Distribution Services in 1996, the international intermodal business division of a major shipping company, American President Companies Ltd.
A year later, in 1997, the company became the first intermodal marketing company to top $1 billion in yearly revenue.
Hub Group had 34 regional offices by 1998, when the company borrowed $100 million to begin purchasing all outstanding minority interests in the company's regional offices.
In 1999, Hub worked out an agreement with several major railroads to let it manage rail containers.
Sales for fiscal 1999 were $1.3 billion, an increase of almost 15 percent over the previous year.
Founded in 2000, NSD’s delivery network includes over 170 agent locations, which enables service to all United States zip codes.
The company moved from a geography-based operation with multiple regional offices to a centralized operation with a single profit and loss center headquartered in Lombard, Illinois in 2004.
Mark Yeager was appointed president and chief operating officer in April 2005.
Hub Group acquired Memphis, Tennessee-based drayage company Comtrak Logistics for $48 million in 2006.
Company CEO David Yeager became chairman of Hub Group in November 2008.
In 2017, Hub Group acquired Estenson Logistics, a national provider of dedicated trucking with nearly 100 operating sites for approximately $306 million.
In 2018, Hub Group acquired CaseStack Logistics, a consolidation and warehousing provider that predominantly operates in the consumer packaged goods and retail space, for $225 million.
In 2020, Hub Group acquired NonstopDelivery, LLC (“NSD”) for $94.5 million.
In 2021, Hub Group acquired Preston, MD based Choptank Transport for $130 million cash-on-hand.
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Hub Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Schneider National | 1935 | $5.3B | 19,600 | 63 |
| Yellow | 1924 | $5.2B | 19,000 | 2 |
| Livingston International | 1945 | $650.0M | 3,300 | 53 |
| Old Dominion Freight Line | 1934 | $5.8B | 19,779 | 179 |
| PLS Logistics | 1991 | $25.0M | 500 | 39 |
| Ryder System | 1933 | $12.6B | 39,900 | 6,053 |
| UPS | 1907 | $91.1B | 481,000 | 1,213 |
| XPO Logistics | 1989 | $8.1B | 44,000 | 1 |
| C.H. Robinson | 1905 | $17.7B | 15,262 | 277 |
| GATX | 1898 | $1.6B | 1,904 | 67 |
Hub Group history FAQs
Zippia gives an in-depth look into the details of Hub Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Hub Group. The employee data is based on information from people who have self-reported their past or current employments at Hub Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Hub Group. The data presented on this page does not represent the view of Hub Group and its employees or that of Zippia.
Hub Group may also be known as or be related to Hub Group, Hub Group Inc and Hub Group, Inc.