Hub Group Acquires Marten’s Intermodal Business for $51.8M

Hub Group (CCJ Top 250, No. 34) is purchasing the intermodal assets of refrigerated heavyweight Marten Transport (No. 37). 

The $51.8 million acquisition of Marten Intermodal adds 1,200 refrigerated containers to Hub Group’s temperature-controlled intermodal business and makes the company the second-largest refrigerated container solutions provider in North America.

“We are excited to more than double Hub Group’s temperature-controlled container fleet and leverage our existing intermodal network to serve Marten Intermodal’s customers,” said Phil Yeager, Hub Group’s president, CEO and vice chairman. 

Read more at CCJ