Hub Group (HUBG) Lowers '08 Guidance
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Hub Group, Inc. (Nasdaq: HUBG) expects full year 2008 earnings to be in the range of $1.56 to $1.61 per diluted share. Previous earnings guidance for the year had been $1.65 to $1.70 per diluted share.
Hub Group said intermodal and truck brokerage volume has been lower than expected due to the rapid downturn in the economy. The biggest volume declines have come from customers in the retail and durable goods segments.
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