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Stock impact report

Hub Group expands its fulfillment solutions offering through the acquisition of TAGG Logistics

Hub Group, Inc. - Class A (HUBG) 
Last hub group, inc. - class a earnings: 4/30 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: hubgroup.gcs-web.com/investor-relations
Company Research Source: GlobeNewswire
Transaction Highlights: Expands Hub Group’s consolidation and fulfillment solutions offering, growing footprint to 9 million square feetDrives continued diversification into non-asset based logistics and brokerage, which now represents over 40% of total revenueSignificant cross-selling synergies for both TAGG’s and Hub’s customersTAGG’s experienced management team will remain with the business OAK BROOK, Ill., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Hub Group (Nasdaq: HUBG) announced today that it acquired TAGG Logistics (“TAGG”), an industry-leading provider of e-commerce, B2B and omnichannel fulfillment solutions, including warehousing and transportation services. Since its founding in 2006, TAGG has grown into a nationwide provider with over 4 million square feet of warehousing space throughout the US allowing for best-in-class, responsive e-commerce and B2B fulfillment capabilities. The acquisition bolsters Hub Group’s presence in the consolidation and fulfillment space and a Show less Read more
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