HUBG News & Events

Hub Group announced the following changes to its leadership team. Todd Heeter has been appointed CFO and treasurer on an interim basis, effective immediately. Heeter founded The Heeter Group. Concurrent with Heeter's appointment, Kevin Beth has departed from his position as executive VP, CFO and treasurer of the company. In addition, Brian Meents has departed from his position as executive VP and COO of the company. Both Beth and Meents will be available to the company on a consulting basis for a transition period. Heeter's appointment as CFO is for an initial term of six months and may be extended at the company's election. The company has initiated a search for a permanent CFO with the assistance of a leading national search firm. At this time, the COO responsibilities will be absorbed by other senior leaders.

Hub Group announced that it received a notice indicating that the company was not in compliance with Nasdaq Listing Rule 5250 as a result of its failure to timely file its Form 10-Q for the quarter ended March 31. The listing rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. The notice has no immediate effect on the listing or trading of the company's common stock on Nasdaq. As previously disclosed, Nasdaq has granted a 180-day exception period, or until September 14, 2026, for the Company to regain compliance with the Listing Rule. The company intends to regain compliance on or prior to such date.

In the first quarter of 2026, the company saw Intermodal volume performance reflecting steady demand with the pricing outlook continuing to improve as a result of truckload capacity exiting the market, strong rail service levels as well as recent increases in fuel prices. In Logistics, the company continued to onboard significant new business during the quarter, in particular in Managed Transportation and Final Mile. Finally, Brokerage volume declined in the quarter reflecting the company's focus on improving profitability and expanding revenue per load. The company continues to take actions to drive growth, improve profitability and increase operating cash flows, which along with its balance sheet strength and strong service positions Hub Group well for long-term growth.