`;
bodyParent.insertBefore(welmod, bodyParent.firstChild);
window.parent.document.querySelector(“#myModal”).style.display=”block”;
const scriptElement = document.createElement(‘script’);
scriptElement.textContent = ‘document.getElementById(“destination”).setAttribute(“value”, location.pathname);’;
document.body.appendChild(scriptElement);
window.parent.document.querySelector(“.modalclose”).addEventListener(“click”, function(){
window.parent.document.querySelector(“#myModal”).style.display=”none”
});
window.parent.document.querySelector(“.modalclose2”).addEventListener(“click”, function(){
window.parent.document.querySelector(“#myModal”).style.display=”none”
});
window.parent.document.querySelector(“.modalclose3”).addEventListener(“click”, function(){
window.parent.document.querySelector(“#myModal”).style.display=”none”
});
} else {
// Check if the ad was shown recently
var lastShownTime = localStorage.getItem(‘lastShownTime’);
var currentTime = Date.now();
var timeDifference = currentTime – lastShownTime;
var bodyParent=window.parent.document.querySelector(“body”);
// if (!lastShownTime || timeDifference >= (180 * 60 * 1000)) { // 240 mins aka 4 hours 180 for 3
// Show the div
g=document.createElement(‘div’);
g.setAttribute(“id”, “div-gpt-ad-1689715929001-0”);
g.setAttribute(“style”, “height:0;”);
g.setAttribute(“class”, “text-center”);
bodyParent.insertBefore(g, bodyParent.firstChild);
// Store the current time in localStorage
localStorage.setItem(‘lastShownTime’, currentTime);
// }
}
Government
Business
Logistics
For-Hire
Hub Group updates guidance, braces for stock delisting letter
Company seeks more time for financial restatement, announces leadership changes
September 15, 2026 2:32 PM, EDT
Hub Group updated financial guidance for the year. (Hub Group)
Key Takeaways:
- Hub Group said Sept. 14 it expects a Nasdaq delisting notice because it needs until the fourth quarter of 2026 to complete financial restatements.
- The restatement stems from understated purchased transportation and accounts payable expenses, while the company issued preliminary 2026 guidance and leadership changes.
- Hub plans to appeal within seven days, seek a stay during the hearing process and present a plan to regain listing compliance.
Hub Group said it expects to be notified that its common stock will be delisted from the Nasdaq stock exchange as it seeks more time to complete an ongoing restatement of previous financial results.
The company on Sept. 14 also provided updated financial guidance for the year while announcing the return of a member of its founding family to a key leadership role.
The Oak Brook, Ill.-based intermodal and logistics service provider has been undergoing an accounting review and correction of its previously issued financial statements after determining that it understated purchased transportation and accounts payable expenses.
“Our finance and accounting team remains highly focused on completing the restatement process and becoming current with our financial reporting obligations,” said Hub Group Executive Chairman David Yeager, whose return to the company as chairman and CEO was announced in a separate Sept. 14 news release.
“At the same time, our broader organization continues to serve our customers, identify growth opportunities, invest in our business and execute against our long-term strategy.”
The Nasdaq Stock Market had granted the company an exception through Sept. 14 to file its Form 10-K for the year ended Dec. 31, 2025, as well as the first and second quarters of 2026. However, the company has determined that it needs more time — into the fourth quarter of 2026 — to complete this work.
See more transportation stock listings
The company noted that the delisting determination will not immediately halt trading or trigger delisting of its Class A common stock. It intends to request a hearing before the Nasdaq Hearings Panel to appeal that determination. The company also expects to seek a further stay of any suspension or delisting action pending the hearing process.
Hub Group said it would appeal the determination within seven calendar days from receipt of notification. It said this request would “automatically stay any suspension or delisting action for 15 calendar days from the date of the request.” Hub also expects that it would seek a further stay of any suspension or delisting action pending the hearing process.
“Hearings are typically scheduled to occur approximately 30 to 45 days after the date of a company’s hearing request,” Hub said. “While there can be no assurances, the company expects that [its] Class A common stock will continue to trade on the Nasdaq Global Select Market during the hearing process.” Hub Group also said it expects to present the Nasdaq appeals panel with “a compelling plan to regain full compliance with Nasdaq’s continued listing requirements and to secure sufficient time to execute such plan.”
“We are focused on driving growth, profitability and operating cash flows,” said Phil Yeager, the company’s president. “Our team is executing a new cost reduction program with actions designed to improve yield and enhance efficiencies, and we look forward to providing more detail on these initiatives when we report our final full-year 2025 results and restated financials.”
Preliminary financial results
The company announced preliminary and unaudited financial results for the first and second quarters of 2026. It said revenue trends through the first half of the year were near expectations, with consolidated operating revenue expected to be in the range of $1.7 billion to $1.8 billion. It noted that operating results were negatively impacted by increased fuel costs, as well as by incremental costs related to the accounting review and restatement work.
The company had cash and cash equivalents of approximately $132 million and restricted cash of approximately $28 million as of June 30. Its debt as of that date totaled approximately $198 million, but minus the effect of its cash and cash equivalents net debt sits at approximately $66 million.
Arpan Podduturi of Samsara examines how AI, telematics and onboard cameras are converging to protect drivers and reduce risk. Tune in above or by going to RoadSigns.ttnews.com.
Capital expenditures for the first half of the year are estimated to be approximately $12 million, including investments in equipment and technology. The company estimates consolidated operating revenue of approximately $3.6 billion to $3.8 billion and capital expenditures of approximately $40 million to $50 million for the full year 2026.
In August, the company borrowed $75 million under its $450 million revolving credit facility.
Hub Group also announced that Patrick O’Donnell has joined the company as a special adviser and chief financial officer-elect. Following the completion of its financial restatement process and issuance of updated financial statements he will officially assume the CFO post.
“Hub Group was founded by the Yeager family more than 55 years ago with a commitment to service, integrity and innovation,” David Yeager said. “I am confident that this leadership team will help drive the business forward into its next phase of growth. I look forward to partnering with Phil and Pat to deliver excellent results for our shareholders, customers and team members.”
Hub Group ranks No. 15 on the Transport Topics Top 100 list of the largest for-hire carriers in North America, and No. 20 on the TT Top 100 list of the largest logistics companies.
Trucking M&A to Increase in 2026 Due to Fed Rate Cuts: PwC
Hub Group CFO, COO Exit as Firm Lines Up September Refilings
