Hub Group said Thursday that its chief financial officer and chief operating officer have left the company. The announcement comes as the company is in the process of restating financials after discovering an accounting error.
In February, the company flagged a $77 million understatement of purchased transportation expenses for the first three quarters of 2025. That caused it to delay the release of fourth-quarter and full-year results. Earlier this month, it announced that it will now be forced to restate results for 2023 and 2024, and that it would delay financial reporting for the 2026 first quarter.
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@TimothyDooner That's a pretty damn ingenuous way to avoid double stacking. Won't survive pulling away from the dock, but ingenious all the same.
#supplychainfail
@FreightAlley Craig, how do you think about the impact of smaller items (engineering/miniaturization effects) and packaging improvements that allow firms to ship more units per a given load? I'd expect we see those effects mostly over the long term, somewhat aligned with freight markets?
π Congratulations to Mr. John C. on an incredible two MILLION accident-free miles! With more than 22 years on the road with #TeamBlue and currently driving TCU / Mexico, Johnβs commitment to safety and excellence is nothing short of inspiring.
Heβs pictured here celebrating with Werner leaders, and we couldnβt be prouder. You're a great example, John!
#WernerProud #AverageIsForOtherPeople #MillionMilerMonday
@ILSecOfState@ChiAutoShow Hi @ILSecOfState I'm seeing the nearest appointment (from Chicago) for RealID is Dekalb. Any chance of opening up new appointments instead of just serving those that attend the car show?
@cta can you explain how it's possible that you show a train due in 10 minutes, 9 minutes goes by, no train, and then you show the next train in 11 minutes? I can easily afford other options, and I want to use you but you keep screwing me over. You suck.
First @Waymo experience in SF was so cool.
Autonomous vehicles are going to change the rider experience.
Gone are the days of my 4.74 βοΈ rating.
Gone are the days of annoying music chosen by the Uber driver.
Gone are the days of tipping the driver.