Hub Group to Acquire Estenson Logistics for $306 Million

Hub Group has reached a deal to acquire Estenson Logistics for $306 million, which, if approved, would combine the Nos. 28 and 46 companies, respectively, on the Transport Topics Top 50 list of the largest logistics companies in North America. It also would marry together two asset-owning companies: Hub ranks No. 8 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers with nearly 3,000 company-owned and owner-operator tractors; and Estenson is ranks No. 14 on the sector list of the top dedicated contract carriers with 1,190 power units provided to shippers on an exclusive basis.

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