In November 2018, CaseStack announced it was being acquired as a division of Hub Group, a transportation management company. Hub Group took on the Sears account in 1991, signing a contract with Sears Logistic Service to handle all that company's intermodal freight needs. "With Hub Highway’s and Unyson’s domestic transportation management businesses growing well and Hub’s market-leading intermodal offering, Mode had become an operational duplicate which was not needed strategically," he said. This was a huge boon to Hub, because Sears made more than 70,000 intermodal shipments a year. As a drayage subsidiary of Hub Group, Hub Group Trucking opportunities provide abundant freight, unbelievable home time and a driver-friendly culture that sets us apart. The sales figure, Hub said, is equivalent to 10x Mode’s adjusted EBITDA for the 12 months ended June 30, 2018. Hub's data capabilities allowed the company to operate more efficiently, so that it could save itself money. Job Description: JOB SUMMARY: The Director of Compliance is responsible for developing and implementing policies and procedures to mitigate compliance risks for Hub Group and its subsidiaries. Hub Group is a significant partner with all the major U.S. railroads, and is a major revenue producer for them. Hub Group, Inc. was founded by Philip C. Yeager in Hinsdale, Illinois, in 1971. Hub Group Trucking, Inc. has 1435 total employees across all of its locations and generates $189.34 million in sales (USD). Hub's sales were over $750 million. Yeager explained that 'Many people had felt that intermodal was an inferior product and had to be sold at a discount. Hub Group acquired Dallas-based Mode in April 2011, when it acquired asset-light transportation company Exel Transportation Services (ETS), a subsidiary of Deutsche Post World Net, for $83 million. In 1992 Hub Group announced the formation of a new corporate division that would provide intermodal transportation services to the automotive industry. Hub Group grew enormously in the 1990s, expanding into new markets and increasing its sales by hefty percentages year after year. As a publicly traded company with over $3.7 billion in revenue, Hub Group is backed by an asset-owned network of 41,500 53’ intermodal containers, 4,000 drivers, 5,500 units of trailing capacity and 29 terminals. Hub Group is a supply chain management company that offers multi-modal freight services including arranging transportation by truck, rail, and more recently, by ship. Hub was also directly connected to some of the banks that a number of its customers used for paying their bills. At times Hub Highway Services kept track of the operation of 100,000 trucks simultaneously. Hub subsequently re-named Exel as Mode Transportation. Hub used its data interchange system to manage one of its largest accounts, the logistics arm of the giant retailer Sears. Hub Group Expands Its Supply Chain Service Offering With the Acquisition of Last Mile Logistics Provider NonstopDelivery, LLC Hub Group, Inc. acquires non-asset based Last Mile logistics provider NonstopDelivery, LLC (“NSD”); enhances end-to-end solutions for its customers in one of the fastest growing sectors of the transportation market. Its functions through a network of independent business owners that sell and operate the business throughout North America. Intermodal transport still accounted for the bulk of Hub's business, but the company planned to increase its share of revenue from other businesses in the coming years. Yeager's strategy for his staff was to offer a low salary but high commission. Principal Divisions: Intermodal Shipping; Highway Brokerage; Supply Chain Solutions. Yeager understood the difficulties shippers had working with railroads, and he wanted to use his expertise by becoming what was called at that time a third-party agent. It provided completely 'paperless' tracking of transactions, keeping tabs on what could be tens of thousands of shipments yearly for major corporations like Sears. Sign up today to receive our FREE, weekly email newsletter! Freight transportation providers responded to COVID-19 pressures heroically, becoming leaner, more... Group News Editor Jeff Berman believes that these are the stories that best summarize the wild ride... © Copyright 2021 Peerless Media LLC. Hub spent $63 million on drayage in 2005. "It makes sense to sell it off to gain some 'dry powder' for more strategically aligned acquisitions. Soon after, Hub announced it was forming a joint venture with the Norton Lilly International Shipping Agency to move cargo over land for ocean carriers. Hub City Terminals. Innovation and sustainability in the … View All with Free Trial. After a year in business, the Highway Services division brought in over $17 million. Hub gained management of over 2000 railroad containers, with a provision to add up to 1,000 more over the next year. Hub Group operates a subsidiary company, Hub Group Distribution Services, that offers clients an array of logistics services, coordinating transportation, warehousing, inventory management, set-up and assembly of products and displays, and other services, to businesses nationwide. Freight transportation services provider Hub Group announced late last week it entered into a definitive agreement to sell Mode Transportation, a subsidiary company, to an affiliate of global private investment firm, York Capital Management, for roughly $238.5 million. Learn to implement digital manufacturing into your supply chain, the benefits of digital manufacturing, and how to minimize the impact of economic and political changes.