Bye, a la Mode

As part of a business plan to centralize operations and move away from independent owner-operator networks, Hub Group sold its Mode Transportation subsidiary to an affiliate of York Capital Management, a diversified investment manager, for approximately $238.5 million, with about $20 billion under management.
Hub's primary focus is intermodal, and it has sold a 3PL that, according to a recent earnings call, is in solid financial shape. Mode had "strong double-digit growth across all services lines" in the second quarter, and was developing new technology applications to serve its 3PL business, said Donald Maltby, Hub's president and COO, during the call.
But Hub's intermodal division dwarfed Mode. In Q2 2018, the intermodal segment reported $882 million in revenue and $24.8 million in net income. Mode's corresponding figures were $314 million and $7.1 million.

Profile
AAC Cargo is an international Freight Forwarding company, based in Dubai, with a reputation for providing outstanding quality that continues to secure a loyal customer base. The Company has developed a strong, young management team, which together with the founding Directors are committed to working within established quality procedures to provide each customer with the most reliable personalized service and dedicated to the continuous development of both our people and our services.

We provide a broad range of Sea Freight, Air Freight, Cars Shipping, Boat Relocation, International Movers, ExpressCargo, with our broad range of logistics solutions & Products and consolidation services, we ensure your cargo reaches the right place, at the right time in a cost-efficient way. We work with a spread of ocean carriers covering major carrier alliances with planned space protection from every major container port in the world to deliver reliability. We also work with many Airlines specialized in Air Freight.
AAC Cargo, Dubai, U. A. E.
www.aaccargo.com
Tel: +971 4 8880718
Air Freight | Sea Shipping | International | Courier Express Cargo | Car Shipping | Boat Relocation | International Movers
Air Freight, Sea Freight, Express Cargo, International Movers, Boat Relocation, Car Shipping, Parcel, Project cargo and Fine Arts cargo.



Title:International Cargo & Shipping Services

Keyword:Air Freight, Sea Freight, Express Cargo, International Movers, Boat Relocation, Car Shipping, Parcel, Project cargo and Fine Arts cargo.

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