Hub Group Provides First Quarter 2026 Business Update

Announces Receipt of Expected Deficiency Notice from Nasdaq Related to Delayed Filing of Form 10-K

OAK BROOK, Ill., March 24, 2026 (GLOBE NEWSWIRE) -- Hub Group, Inc. (Nasdaq: HUBG) today provided an update regarding its business performance in the first quarter of fiscal 2026. In addition, Hub Group announced that on March 19, 2026, as expected, it received a notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq’s listing rules due to the Company’s delay in filing its Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) with the Securities and Exchange Commission (the “SEC”).

First Quarter 2026 Business Performance

“Our team remains focused on serving customers through this dynamic environment. Intermodal volume performance to start the year reflects steady demand amid winter storm disruptions. We are maintaining excellent service levels, and the intermodal pricing outlook continues to improve as truckload capacity exits the market, which is consistent with bid season awards to date. In the Logistics segment, we continue to onboard significant new business, in particular in Managed Transportation and Final Mile. While, in Brokerage, volumes have declined as we are focusing our efforts on improving profitability and expanding our revenue per load. We continue to take actions to drive growth, improve profitability and increase operating cash flows, which along with our balance sheet strength and strong service positions Hub Group well for long-term growth,” said Phil Yeager, Hub Group’s President, Chief Executive Officer and Vice Chairman.

Nasdaq Deficiency Notice

On March 19, 2026, the Company received an expected notice from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its 2025 Form 10-K. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC.

In accordance with Nasdaq’s listing rules, Hub Group has 60 calendar days from the date of the Notice to submit a plan to regain compliance with the Listing Rule. As provided in the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the 2025 Form 10-K’s due date, or until September 14, 2026, to regain compliance. The Company can regain compliance with the Listing Rule at any time prior to that date by filing its 2025 Form 10-K. The Notice has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq.