Hub Group acquired Choptank Transport, Inc., further bolstering Hub Group’s presence in the refrigerated transportation space.
“We are excited to welcome Choptank’s employees, customers and carriers to Hub Group,” says Hub Group chairman and CEO David Yeager. “This acquisition delivers on our strategy to provide the industry’s premier supply chain solutions and will advance our position in the growing cold chain segment.”
“Our team is excited to join Hub Group,” says Choptank CEO Geoff Turner. “We share similar values of service, integrity and innovation, which we are excited to bring together to fuel our continued growth. Choptank brings our wealth of industry experience, a strong carrier network, and innovative technology that, when combined with the industry presence and reputation of Hub Group, will unlock value for our customers and move our business forward.”
From Hub Group:
- The acquisition enhances Hub’s over-the-road refrigerated transportation solutions offering, and complements its growing fleet of 450 refrigerated intermodal containers. Hub Group intends to further invest in its refrigerated transportation offering by purchasing 550 refrigerated intermodal containers in 2022, bringing the size of its fleet to 1,000.
- Choptank adds scale to Hub’s brokerage service line, with combined revenue of over $1 billion across dry van, refrigerated and LTL freight expected for 2021.
- Choptank’s 400 employees will join Hub Group.