Hub Group, Inc. Announces Stock Buy Back Plan
DOWNERS GROVE, Ill., Nov. 26, 2012
DOWNERS GROVE, Ill., Nov. 26, 2012 /PRNewswire/ -- Hub Group, Inc. (Nasdaq:
HUBG) announced today that the Board of Directors has authorized the purchase
of up to $25 million of its Class A common stock. This authorization expires
December 31, 2013. 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.
ABOUT HUB GROUP: Hub Group, Inc. is a leading asset-light freight
transportation management company providing comprehensive intermodal, truck
brokerage and logistics services. The Company operates through a network of
offices and independent agents throughout the United States, Canada and
CERTAIN FORWARD-LOOKING STATEMENTS: Statements in this press release that are
not historical, including statements about Hub Group's or management's
intentions, beliefs, expectations, representations, projections, plans or
predictions of the future, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are inherently uncertain and subject to risks. Such statements
should be viewed with caution. Actual results or experience could differ
materially from the forward-looking statements as a result of many factors.
Factors that could cause actual results to differ materially include the
factors listed from time to time in Hub Group's SEC reports including, but not
limited to, our annual report on Form 10-K for the year ended December 31,
2011 and our reports on Form 10-Q for the periods ended March 31, 2012, June
30, 2012 and September 30, 2012. Hub Group assumes no liability to update any
such forward-looking statements.
SOURCE Hub Group, Inc.
Contact: Amy Lisek of Hub Group, Inc., +1-630-795-2214
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