Hub improves intermodal volume outlook after high profits

Hub Group says it expects to see more intermodal business than previously forecast for 2016 after the company reported profit growth in the first quarter. The company estimates it will see intermodal volume rise anywhere from 2 percent to 4 percent, an improved forecast from the 1 percent to 3 percent increase predicted in late 2015. That growth is expected despite fierce competition from trucking and a soft freight economy ahead, the Oak Brook, Illinois-based trucking and transportation provider said.
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