Hub Group, Inc. (NASDAQ: HUBG) reported Q4 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $953 million versus the consensus estimate of $927.13 million.

2021 Capital Expenditure Outlook

We expect capital expenditures for fiscal year 2021 to range from $150 million to $170 million, and primarily consist of investments to support growth in the business, including containers and tractors, as well as investments in technology. For 2021 we expect to add approximately 2,500 containers, which will result in net growth of approximately 2,000 after retirements of containers that have reached end of life. We are also planning to add approximately 750 tractors, 500 of which are for replacements of older units and 250 of which will support growth in our drayage and dedicated fleets.

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