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Stock impact report

Hub Group to Expand its Mexico Intermodal and Cross-Border Service Offering through Joint Venture with EASO

Hub Group, Inc. - Class A (HUBG) 
Last hub group, inc. - class a earnings: 4/30 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: hubgroup.gcs-web.com/investor-relations
Company Research Source: GlobeNewswire
Hub Group to form joint venture with Mexico-based EASO, enhancing end-to-end solutions for customers and adding significant scale to its Intermodal capabilities. Transaction Highlights Unique partnership adds significant scale to Hub Group’s intermodal business and drayage capabilities in Mexico; expands physical footprint via EASO’s network of terminalsJoint venture will be the largest cross-border and intra-Mexico intermodal company, positioning Hub Group to capitalize on nearshoring trends and providing meaningful growth opportunitiesEASO has been expanding its cross-border presence and converting over-the-road freight to intermodal, resulting in over 30% YoY intermodal volume growthSizable synergy opportunities associated with cross-selling, operational integration, asset utilization and drayage enhancementsImmediately accretive upon close to Hub Group’s 2024 EPS prior to expected cross-sell and operational synergies OAK BROOK, Ill., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Hub Grou Show less Read more
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