Hub Group, Inc. (NASDAQ: HUBG) reported Q2 EPS of $0.39, $0.16 better than the analyst estimate of $0.23. Revenue for the quarter came in at $779 million versus the consensus estimate of $782.42 million.

2020 Capital Expenditure Outlook

Capital expenditures for the remainder of fiscal year 2020 are expected to range from $65 million to $75 million, and primarily consist of investments to support growth in the business, including containers, tractors and trailers, as well as IT hardware and software. We expect to add 3,500 containers in 2020, and take delivery of over 200 tractors to refresh our fleet, which is expected to result in lower operating costs and improved utilization.

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