Hub Group Inc Class A

HUBG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$38.00	Jfbxjl	Gywlnxdqp

Hub Group Earnings: Intermodal Volumes Plummet on Retail Sector Inventory Destocking

Matthew Young , Noah Rohr

Apr 28, 2023

Narrow-moat Hub Group's top line fell 11% year over year, led by a significant softening in intermodal volume. We've been expecting revenue to contract this quarter as retail-sector inventory destocking and anemic import activity weigh on container demand. This dynamic was only partially offset by resilient demand in the dedicated trucking business.

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