HIGHBuilt-inProduct / Revenue mix
57%
Intermodal and Transportation Solutions
“10-K Item 1A: 'We derived 57% of our revenue from our Intermodal and Transportation Solutions in 2024'”
HUBG · Concentration risk · 10-K extracted
Hub Group (HUBG) concentration risks
Updated
The most significant concentration Hub Group discloses is Intermodal and Transportation Solutions at 57%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Hub Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
44%
10 largest customers
“10-K Item 1A: 'Our 10 largest customers accounted for approximately 44% of our total revenue in 2024'”
MEDIUMOutside partySupplier
two railroads
“10-K Item 1A: 'We primarily rely on contractual relationships with two railroads to support our intermodal business'”
LOWOutside partyCustomer
one customer
“10-K Item 1A: 'one customer accounted for more than 10% of our annual revenue in both segments'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile spans product mix, customer dependency, and a critical supplier relationship that together describe a business tightly anchored to intermodal logistics. The Intermodal and Transportation Solutions business contributed 57% of revenue in 2024, establishing it as the dominant segment — a high-share, structural concentration that reflects the company's core operating model. At the customer level, the 10 largest customers accounted for approximately 44% of total revenue in 2024 — a medium-share exposure by disclosed size with a dependency character. Sitting within that group, one customer exceeded 10% of annual revenue in both segments — a low-share position by disclosed size, but notable in that the same buyer creates concentration across more than one operating unit. The supplier side adds a dependency exposure that is structurally intertwined with the product concentration: the company primarily relies on contractual relationships with two railroads to support its intermodal business — a medium-share exposure by disclosed size. Because the intermodal segment already accounts for a large share of revenues, any deterioration in these railroad relationships — pricing, capacity access, or contract terms — would compound directly with the segment tilt rather than being absorbed by diversified revenue streams. Together, the exposures reinforce each other: a high-share segment that itself depends on medium-share railroad counterparties, with a medium-share customer base on top. The railroad relationship is the most idiosyncratic monitoring variable for this profile.
For the engine’s reasoning on HUBG’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Integrated Freight & Logistics
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| HUBG● | Hub Group, Inc. | 1 | 2 | 1 | 4 |
| JBHT | J.B. Hunt Transport Services, I | 0 | 2 | 0 | 2 |
| CHRW | C.H. Robinson Worldwide, Inc. | 0 | 1 | 0 | 1 |
| EXPD | Expeditors International of Was | 0 | 0 | 1 | 1 |
| GXO | GXO Logistics, Inc. | 0 | 0 | 1 | 1 |
| FDX | FedEx Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.