Hub Group rings Nasdaq opening bell

OAK BROOK - Hub Group celebrated its 50th anniversary Tuesday by ringing the Nasdaq Stock Exchange opening bell. The cargo hauling company was founded in 1971 by Phillip and Joyce Yeager.

The company's nearly 6,000 employees and drivers across North America serve some of the world's largest brands across a variety of industries including retail, CPG, durable goods, automotive, health care and more.

To celebrate Hub Group's 50th anniversary, the company launched a website hubgroup.com/50years to honor its history and what's to come.

"Staying true to our core values of service, integrity and innovation over the last 50 years have enabled us to provide dependable and industry-leading supply chain solutions," said David Yeager, Hub Group chairman and CEO. "Our ongoing commitment to our core values, paired with a strong management team that includes the third generation of the Yeager family, will lead us through the next 50 years."

The company was the first transportation provider to fully equip its fleet of 42,000 intermodal containers with GPS tracking and telematics devices, providing advanced visibility and security in the supply chain, the company said.