Hub Group: 2023 Was a Tough Year for the Intermodal Industry; Long-Term Growth Opportunities Remain

Hub Group is the second-largest intermodal marketing company, or IMC, and also ranks among the 25 largest asset-light truck brokers in terms of gross revenue. In its flagship intermodal division, Hub contracts with the Class I railroads for the line-haul movement of its owned containers. It operates the second-largest fleet in the industry, with exclusive access to more than 30,000 containers. By gross revenue, J.B. Hunt is the largest IMC, followed by Hub and the intermodal divisions of STG Logistics, Schneider National and Knight Swift.