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updated: 7/18/2014 10:29 AM

Hub Group reports record second quarter income

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OAK BROOK -- Transportation and logistics company Hub Group reported record income of $18.7 million for the second quarter of 2014 as all of the company's divisions reported increases during the period.

The figure was up from $18.6 million in the second quarter of 2013. Hub Group's diluted earnings per share was 51 cents for the second quarter of 2014, a 2 percent increase over the prior year period.

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Hub Group's revenue increased 7 percent to $894 million.

The Hub segment's revenue increased 6 percent to $682 million. Second quarter intermodal revenue increased 1 percent to $456 million. Truck brokerage revenue increased 6 percent to $86 million this quarter. Second quarter Unyson Logistics revenue increased 24 percent to $140 million. The Hub segment's operating income was $24.3 million.

The Mode segment's revenue increased 14 percent to $232 million. Operating income was $6.6 million, an increase of 33 percent compared to the prior year period.

Hub Group ended the quarter with $73 million in cash.

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