Hub Group reports record 1Q income

Downers Grove-based Freight transportation management company Hub Group said income for the first quarter of 2012 hit a record $13.7 million, up 30 percent from the same period last year.

The company’s diluted earnings per share was 37 cents for the first quarter, up 32 percent from the prior year period.

Segment revenue increased 16 percent to $563 million, the company said in a statement. First quarter intermodal revenue increased 20 percent to $404 million. The increase was attributable to a 15 percent volume increase and a 5 percent increase for fuel, price and mix. Truck brokerage revenue decreased 6 percent to $80 million this quarter. First quarter Unyson Logistics revenue increased 23 percent to $79 million. The Hub segment’s operating income was $20 million.

Hub Group ended the quarter with $53 million in cash.