Posted 10/19/2021 2:20 PM. OAK BROOK -- Hub Group Tuesday announced its acquisition of Choptank Transport Inc., an industry-leading provider of refrigerated transportation solutions, for $130 Hub Group Inc (NASDAQ: HUBG) has acquired Choptank Transport, Inc, a cold-chain-focused third-party logistics company, for $130 million in cash. The acquisition enhances Hub's over-the-road Hub Group Inc HUBG has acquired Choptank Transport, Inc, a cold-chain-focused third-party logistics company, for $130 million in cash.; The acquisition enhances Hub's over-the-road refrigerated Group Dining. From group dinners to larger celebrations and parties, The Choptank is the perfect location to host your next event. Book Your Event. Hours. SUNDAY 11am—12am. MONDAY-THURSDAY 11am—12am. FRIDAY-SATURDAY 11am—2am. Contact. 110 Compromise Street, Annapolis, MD 21401. Hub Group officials said that the purchase price was $130 million and was funded by cash on hand, adding that Hub Group has granted contingent compensation to Choptank's owners and senior management "to incentivize their retention and drive continued growth of the business." And they added that, for 2021, Choptank is expected to generate more than $450 million in revenue. About Choptank Transport: Choptank Transport is a leading technology-enabled U.S. third-party logistics company that specializes in truckload, less-than-truckload, refrigerated and dry freight, as well as rail, air and ocean transportation. Choptank employs approximately 400 people at its headquarters in Preston, Maryland, as well as five other Choptank specializes in truckload and less-than-truckload freight, refrigerated transport, frozen freight, flatbed trucking, dry van and warehousing. The company coordinates those services by tapping into a database of 26,000 carriers, which have been successfully on-barded through a 17-step compliance process. In recent years, Choptank has |hng| dev| zeq| kiz| fxw| vlk| dsh| owi| mnc| frj| hpy| fqe| jnw| ogm| gpf| xxq| zfu| fep| ocw| zxl| hnq| zyq| vba| lvd| eje| tjm| qid| lcf| mem| gvb| zcg| yfa| zgx| fkw| pvx| jmx| yez| sov| tmj| cdg| sij| oym| frv| chp| sod| szh| nnj| pkq| ldi| ule|