Hub Group Trucking is based in Memphis, Tennessee, according to the company's web site. Hub Group Trucking's parent company, Hub Group, is listed on the NASDAQ stock exchange and headquartered in Oak Brook, Illinois, notes Wikipedia.Continue Reading
The company's services extend well beyond Tennessee and Illinois, however, with intermodal, highway and logistics services offered throughout the United States, Canada and Mexico. Wikinvest claims the Hub Group is the largest intermodal marketing company in the United States and one of the top five truck brokers, but also points out that the company does not control its own transportation assets. Therefore, the areas where it operates at any given times are largely determined by client demand. Another factor is a tight market for drivers. With the turnover rate exceeding 100 percent at some trucking companies, regional labor shortages can affect operations.
Hub Group Trucking was born when Hub Group acquired Memphis, Tennessee-based drayage company Comtrak Logistics in 2006. The trucking division contracts with independent trucking companies to negotiate rates, track shipments and handle loss and damage claims on behalf of its customers. Trucking accounts for 20 percent of the Hub Group's revenues and its main competitors include Conway Inc, YRC Worldwide and C.H. Robinson Worldwide.Learn more about Corporations