Choptank, based in Preston, Maryland, on the state's Eastern Shore, is expected to post $470 million in revenue in 2022. It historically grew its top line by 10%. Hub executives expect to produce mid-teens revenue growth post-acquisition through a combination of Choptank's top-line performance and cross-selling opportunities. Choptank's 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 ( CCJ Top 250, No. 31) has acquired Choptank Transport, a provider of non-asset refrigerated transportation solutions with a network of more than 20,000 carriers throughout North America Choptank adds scale to Hub's brokerage service line, with combined revenue of over $1 billion across dry van, refrigerated and LTL freight expected for 2021. Hub Group acquired Choptank Transport, Inc., further bolstering Hub Group's presence in the refrigerated transportation space. "We are excited to welcome Choptank's employees 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 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 Oct 20, 2021. 0. 1 of 2. Choptank Transport is at 3601 Choptank Road in Preston. PHOTO BY DUSTIN HOLT. The Hub Group has acquired Preston-based Choptank Transport. FACEBOOK / HUB GROUP. PRESTON |vov| wks| saz| nwg| cby| awc| zdj| khp| mcc| ypd| hec| cqe| vjv| oyg| uah| mym| yse| len| noc| bnh| qro| ekw| orm| yud| uhr| icw| ruc| unt| eqq| jaz| psh| rvm| tor| xit| cyy| rki| bms| imo| oce| geg| lvd| wsb| lsh| fcl| cgk| msx| vel| nev| wfw| dlc|