Hub Group, Inc. (Downers Grove, Ill.) announced today that the board of directors has authorized the purchase of up to $45 million of its Class A common stock. This authorization expires December 31, 2006. Hub intends to make purchases from time to time as market conditions warrant. Hub intends to hold the repurchased shares in treasury for future use.
Hub Group, Inc. is a non-asset based freight transportation management company providing comprehensive intermodal, truckload brokerage and logistics and distribution services. The Company operates through a network of over 30 offices throughout the United States, Canada and Mexico.
Source: Hub Group Inc.