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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	May 01, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	HUBG
Entity Registrant Name	HUB GROUP, INC.
Entity Central Index Key	0000940942
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity File Number	0-27754
Entity Tax Identification Number	36-4007085
Entity Address, Address Line One	2000 Clearwater Drive
Entity Address, City or Town	Oak Brook
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60523
City Area Code	630
Local Phone Number	271-3600
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Class A Common Stock
Security Exchange Name	NASDAQ
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		33,527,943
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		662,296

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 276,880	$ 168,729
Accounts receivable trade	462,813	450,451
Allowance for credit losses	(7,795)	(6,912)
Other receivables	1,297	3,237
Prepaid taxes	673	630
Prepaid expenses and other current assets	14,993	24,086
TOTAL CURRENT ASSETS	748,861	640,221
Restricted investments	18,192	22,601
Property and equipment, net	668,398	663,165
Right-of-use assets - operating leases	33,332	35,548
Right-of-use assets - financing leases	5,298	5,865
Other intangibles, net	117,511	120,967
Goodwill, net	484,404	484,459
Other assets	18,611	18,748
TOTAL ASSETS	2,094,607	1,991,574
CURRENT LIABILITIES:
Accounts payable trade	270,384	257,247
Accounts payable other	18,085	11,585
Accrued payroll	23,663	45,540
Accrued other	84,748	86,686
Lease liability - operating leases	8,244	8,567
Lease liability - financing leases	3,064	3,048
Current portion of long term debt	94,620	94,691
TOTAL CURRENT LIABILITIES	502,808	507,364
Long term debt	284,076	186,934
Non-current liabilities	35,577	36,355
Lease liability - operating leases	26,564	28,518
Lease liability - financing leases	1,051	1,820
Deferred taxes	155,822	155,304
STOCKHOLDERS' EQUITY:
Preferred stock: $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2020 and 2019
Additional paid-in capital	175,370	179,637
Purchase price in excess of predecessor basis, net of tax benefit of $10,306	(15,458)	(15,458)
Retained earnings	1,192,837	1,179,601
Accumulated other comprehensive loss	(320)	(186)
Treasury stock; at cost, 7,680,505 shares in 2020 and 7,870,888 shares in 2019	(264,139)	(268,734)
TOTAL STOCKHOLDERS' EQUITY	1,088,709	1,075,279
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,094,607	1,991,574
Class A Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock	412	412
Class B Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock	$ 7	$ 7

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Purchase price in excess of predecessor basis, tax benefit	$ 10,306
Treasury stock, shares	7,680,505	7,870,888
Class A Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	97,337,700	97,337,700
Common stock, shares issued	41,224,792	41,224,792
Common stock, shares outstanding	33,544,287	33,353,904
Class B Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	662,300	662,300
Common stock, shares issued	662,296	662,296
Common stock, shares outstanding	662,296	662,296

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenue	$ 838,859	$ 932,998
Transportation costs	734,265	805,709
Gross margin	104,594	127,289
Costs and expenses:
Salaries and benefits	50,876	62,028
General and administrative	26,336	22,918
Depreciation and amortization	7,623	6,754
Total costs and expenses	84,835	91,700
Operating income	19,759	35,589
Other income (expense):
Interest expense	(2,455)	(3,056)
Interest and dividend income	403	373
Other expense, net	(222)	(40)
Total other expense	(2,274)	(2,723)
Income before provision for income taxes	17,485	32,866
Provision for income taxes	4,249	8,972
Net income	13,236	23,894
Other comprehensive income:
Foreign currency translation adjustments	(134)	7
Total comprehensive income	$ 13,102	$ 23,901
Basic earnings per common share	$ 0.40	$ 0.71
Diluted earnings per common share	$ 0.40	$ 0.71
Basic weighted average number of shares outstanding	33,159	33,569
Diluted weighted average number of shares outstanding	33,488	33,585

UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Class A and B Common Stock [Member]	Additional Paid-in Capital [Member]	Purchase Price Of Excess Of Predecessor Basis, Net Of Tax [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Treasury Stock [Member]
Beginning Balance at Dec. 31, 2018	$ 980,834	$ 419	$ 172,220	$ (15,458)	$ 1,072,456	$ (182)	$ (248,621)
Beginning Balance (in shares) at Dec. 31, 2018		41,887,088					(7,431,083)
Stock withheld for payments of withholding taxes	(2,578)						$ (2,578)
Stock withheld for payments of withholding taxes (in shares)							(68,908)
Issuance of restricted stock awards, net of forfeitures			(13,813)				$ 13,813
Issuance of restricted stock awards, net of forfeitures (in shares)							385,681
Share-based compensation expense	4,933		4,933
Net income	23,894				23,894
Adoption of ASU 2016-02 \| ASU No. 2016-02 [Member]	(26)				(26)
Foreign currency translation adjustment	7					7
Ending Balance at Mar. 31, 2019	1,007,064	$ 419	163,340	(15,458)	1,096,324	(175)	$ (237,386)
Ending Balance (in shares) at Mar. 31, 2019		41,887,088					(7,114,310)
Beginning Balance at Dec. 31, 2019	1,075,279	$ 419	179,637	(15,458)	1,179,601	(186)	$ (268,734)
Beginning Balance (in shares) at Dec. 31, 2019		41,887,088					(7,870,888)
Stock withheld for payments of withholding taxes	(3,769)						$ (3,769)
Stock withheld for payments of withholding taxes (in shares)							(71,717)
Issuance of restricted stock awards, net of forfeitures			(8,364)				$ 8,364
Issuance of restricted stock awards, net of forfeitures (in shares)							262,100
Share-based compensation expense	4,097		4,097
Net income	13,236				13,236
Foreign currency translation adjustment	(134)					(134)
Ending Balance at Mar. 31, 2020	$ 1,088,709	$ 419	$ 175,370	$ (15,458)	$ 1,192,837	$ (320)	$ (264,139)
Ending Balance (in shares) at Mar. 31, 2020		41,887,088					(7,680,505)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income	$ 13,236	$ 23,894
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,576	28,383
Deferred taxes	696	6,335
Compensation expense related to share-based compensation plans	4,097	4,933
Loss (gain) on sale of assets	121	(835)
Donated equipment	240
Restricted investments	4,409	(1,841)
Accounts receivable, net	(9,480)	32,906
Prepaid taxes	(50)	447
Prepaid expenses and other current assets	9,054	12,560
Other assets	(477)	(819)
Accounts payable	19,657	(14,389)
Accrued expenses	(28,551)	(30,123)
Non-current liabilities	(2,875)	1,982
Net cash provided by operating activities	40,653	63,433
Cash flows from investing activities:
Proceeds from sale of equipment	497	3,799
Purchases of property and equipment	(25,467)	(17,057)
Proceeds from the disposition of discontinued operations		19,439
Net cash (used in) provided by investing activities	(24,970)	6,181
Cash flows from financing activities:
Proceeds from issuance of debt	121,444	10,456
Repayments of long-term debt	(24,373)	(25,780)
Stock withheld for payments of withholding taxes	(3,769)	(2,578)
Finance lease payments	(747)	(740)
Net cash provided by (used in) financing activities	92,555	(18,642)
Effect of exchange rate changes on cash and cash equivalents	(87)	(5)
Net increase in cash and cash equivalents	108,151	50,967
Cash and cash equivalents beginning of the period	168,729	61,435
Cash and cash equivalents end of the period	276,880	112,402
Supplemental disclosures of cash paid for:
Interest	2,563	2,749
Income taxes	$ 355	$ 191

Interim Financial Statements

3 Months Ended

Mar. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Interim Financial Statements

NOTE 1. Interim Financial Statements

Our accompanying unaudited consolidated financial statements of Hub Group, Inc. (the “Company,” “Hub,” “we”, “us” or “our”) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in annual financial statements have been omitted pursuant to those rules and regulations. However, we believe that the disclosures contained herein are adequate to make the information presented not misleading.

The financial statements reflect, in our opinion, all material adjustments (which include only normal recurring adjustments) necessary to fairly present our financial position as of March 31, 2020 and results of operations for the three months ended March 31, 2020 and 2019.

These unaudited consolidated financial statements and notes thereto should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2019. Results of operations in interim periods are not necessarily indicative of results to be expected for a full year due partially to seasonality.

Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 2. Earnings Per Share

The following is a reconciliation of our earnings per share (in thousands, except for per share data):

	Three Months Ended, March 31,
	2020		2019

Net income for basic and diluted earnings per share	$	13,236	$	23,894

Weighted average shares outstanding - basic		33,159		33,569

Dilutive effect of restricted stock		329		16

Weighted average shares outstanding - diluted		33,488		33,585

Earnings per share - basic	$	0.40	$	0.71

Earnings per share - diluted	$	0.40	$	0.71

Revenue from Contract with Customers

3 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

NOTE 3. Revenue from Contracts with Customers

The Company capitalizes commissions incurred in connection with obtaining a Dedicated contract. In 2020 and 2019, the amount of commissions that were capitalized and the amortization related to these commissions were both immaterial. Costs incurred to obtain an intermodal, truck brokerage or logistics contract are expensed as incurred according to the practical expedient that allows contract acquisition costs to be recognized immediately if the deferral period is one year or less.

Hub offers comprehensive multimodal solutions including intermodal, truck brokerage, logistics and dedicated services. Hub has full time employees located throughout the United States, Canada and Mexico.

Intermodal. As an intermodal provider, we arrange for the movement of our customers’ freight in containers, typically over long distances of 750 miles or more. We contract with railroads to provide transportation for the long-haul portion of the shipment between rail terminals. Local pickup and delivery services between origin or destination and rail terminals (referred to as “drayage”) are provided by our subsidiary Hub Group Trucking, Inc. (“HGT”) and third-party local trucking companies.

Truck Brokerage. We operate one of the largest truck brokerage operations, providing customers with an over the road service option for their transportation needs. Our brokerage service does not operate any trucks; instead we match customers’ needs with carriers’ capacity to provide the most effective service and price combination. We have contracts with a substantial base of carriers allowing us to meet the varied needs of our customers. As part of our truck brokerage services, we negotiate rates, track shipments in transit and handle claims for freight loss or damage on behalf of our customers.

Logistics. Hub’s logistics business offers a wide range of transportation management services and technology solutions including shipment optimization, load consolidation, mode selection, carrier management, load planning and execution and web-based shipment visibility. Our multi-modal transportation capabilities include small parcel, heavyweight, expedited, less-than-truckload, truckload, intermodal, railcar and international shipping. In 2018, we acquired CaseStack, Inc. (“CaseStack”) which leverages proprietary technology along with collaborative partnerships with retailers and logistics providers to deliver cost savings and performance-enhancing supply chain services to consumer packaged goods clients. CaseStack contracts with third-party warehouse providers in seven markets across North America to which its customers ship their goods to be stored and eventually consolidated, along with goods from other CaseStack customers, into full truckload shipments destined to major North American retailers. CaseStack offers its customers shipment visibility, transportation cost savings, high service levels and compliance with retailers’ increasingly stringent supply chain requirements.

Dedicated Trucking. Our dedicated operation contracts with customers who seek to outsource a portion of their trucking transportation needs. We offer a dedicated fleet of equipment and drivers to each customer, as well as the management and infrastructure to operate according to the customer’s high service expectations. Contracts with customers generally include fixed and variable pricing arrangements and may include charges for early termination which serves to reduce the financial risk we bear with respect to the utilization of our equipment.

The following table summarizes our disaggregated revenue by business line (in thousands):

	Three Months Ended March 31,
	2020		2019
Intermodal	$	495,324	$	536,032
Truck brokerage		98,017		117,587
Logistics		183,255		203,263
Dedicated		62,263		76,116
Total revenue	$	838,859	$	932,998

Fair Value Measurement

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurement

NOTE 4. Fair Value Measurement

The carrying value of cash and cash equivalents, accounts receivable, accounts payable and borrowings under our revolving line of credit approximated fair value as of March 31, 2020 and December 31, 2019. As of March 31, 2020 and December 31, 2019, respectively, the fair value of the Company’s fixed-rate borrowings was $5.6 million and $3.8 million more than the historical carrying value of $278.7 million and $281.6 million. The fair value of the fixed-rate borrowings was estimated using an income approach based on current interest rates available to the Company for borrowings on similar terms and maturities.

We consider as cash equivalents all highly liquid instruments with an original maturity of three months or less. As of March 31, 2020 and December 31, 2019, our cash and temporary investments were with high quality financial institutions in demand deposit accounts (DDAs), savings accounts and an interest bearing checking account.

Restricted investments included $18.2 million and $22.6 million as of March 31, 2020 and December 31, 2019, respectively, of mutual funds which are reported at fair value.

Our assets and liabilities measured at fair value are based on valuation techniques which consider prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. These valuation methods are based on either quoted market prices (Level 1) or inputs, other than quoted prices in active markets, that are observable either directly or indirectly (Level 2), or unobservable inputs (Level 3). Cash and cash equivalents, mutual funds, accounts receivable and accounts payable are defined as “Level 1,” while long-term debt is defined as “Level 2” of the fair value hierarchy in the Fair Value Measurements and Disclosures Topic of the Codification.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Allowance for Credit Losses

3 Months Ended

Mar. 31, 2020

Credit Loss [Abstract]

Allowance for Credit Losses

NOTE 5. Allowance for Credit Losses

On January 1, 2020, we adopted ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASC 326), which replaces the incurred loss methodology with an expected loss methodology that is referred to as the Current Expected Credit Loss (“CECL”). The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including trade receivables. Results for reporting periods beginning January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable generally accepted accounting principles. In accordance with the standard, trade receivables are reported at amortized cost net of the allowance for credit losses.

The allowance for credit losses is a valuation account that is deducted from the trade receivables’ amortized cost basis to present the net amount expected to be collected on the receivables. Trade receivables are charged off against the allowance when we believe the uncollectibility of a receivable balance is confirmed, and the expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.

We pool into one category our trade receivables that we believe share similar risk characteristics and estimate the allowance balance using an aging schedule based on relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Annually, we review, in hindsight, the percentage of receivables that are collected that aged over one year, those that are less than one year old and the accounts that went into bankruptcy. We provide for credit allowances for accounts less than one year old based on specifically identified uncollectible balances and our historical collection percentages. In establishing an allowance for credit losses for certain account balances specifically identified as uncollectible, we consider the aging of the customer receivables, the specific details as to why the receivable has not yet been paid, the customer’s current and projected financial results, the customer’s ability to meet and sustain its financial commitments, the positive or negative effects of the current and projected industry outlook and general economic conditions. Adjustments to historical loss information are made for differences in current receivable-specific risk characteristics such as differences in delinquency levels or term as well as changes in environmental conditions or other relevant factors.

We believe that this historical loss information is a reasonable basis on which to determine expected credit losses because the composition of the trade receivables at the reporting date is consistent with that used in developing the historical credit loss percentages. That is, the similar risk characteristics of our customers and our lending practices have not changed significantly over time. However, we have determined that current reasonable and supportable forecasted economic conditions, including the effects of the COVID-19 pandemic, have deteriorated as compared with the economic conditions included in the historical information. As such, the Company adjusted the historical loss rates to reflect the differences in current conditions and forecasted changes for total estimated allowance for credit losses as of March 31, 2020. The allowance for credit losses was $7.8 million and $6.9 million at March 31, 2020 and December 31, 2019, respectively. There were no material write offs charged or increases to the allowance for credit losses during the first quarter of 2020.

- Definition

The entire disclosure for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security.

+ References + Details

Long-Term Debt and Financing Arrangements

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Long-Term Debt and Financing Arrangements

NOTE 6. Long-Term Debt and Financing Arrangements

On July 1, 2017, we entered into a $350 million unsecured credit agreement (the “Credit Agreement”) that matures on July 1, 2022. In March 2020, we elected to borrow $100.0 million under the Credit Agreement as a precautionary measure in order to increase our cash position and preserve financial flexibility in light of current uncertainty in the global markets resulting from the COVID-19 pandemic. The $100.0 million of proceeds from the borrowing may be used for general corporate purposes. At March 31, 2020, we had standby letters of credit that expire at various dates in 2020. As of March 31, 2020, our letters of credit were $30.8 million.

Our unused and available borrowings were $219.2 million as of March 31, 2020 and $318.5 million as of December 31, 2019. We were in compliance with our debt covenants as of March 31, 2020 and December 31, 2019.

We have entered into various Equipment Notes (“Notes”) for the purchase of tractors, trailers and containers. The Notes are secured by the underlying equipment financed in the agreements.

	March 31,			December 31,
	2020			2019
	(in thousands)

Borrowings on revolving line of credit	$	100,000		$	-

Secured Equipment Notes due on various dates in 2025 commencing on various dates in 2020; interest is paid monthly at a fixed annual rate between 1.51% and 1.79%		21,444			-

Secured Equipment Notes due on various dates in 2024 commencing on various dates in 2018, 2019 and 2020; interest is paid monthly at a fixed annual rate between 2.50% and 3.59%		59,517			62,690

Secured Equipment Notes due on various dates in 2023 commencing on various dates in 2018 and 2019; interest is paid monthly at a fixed annual rate between 2.23% and 4.16%		143,445			153,350

Secured Equipment Notes due on various dates in 2022 commencing on various dates in 2017; interest is paid monthly at a fixed annual rate of between 2.20% and 2.80%		14,546			16,892

Secured Equipment Notes due on various dates in 2021 commencing on various dates in 2016 and 2017; interest is paid monthly at a fixed annual rate between 2.04% and 2.96%		30,142			35,076

Secured Equipment Notes due on various dates in 2020 commencing on various dates in 2015 and 2016; interest is paid monthly at a fixed annual rate between 1.84% and 2.78%		9,602			13,617

		378,696			281,625

Less current portion		(94,620	)		(94,691	)
Total long-term debt	$	284,076		$	186,934

Legal Matters

3 Months Ended

Mar. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Legal Matters

NOTE 7. Legal Matters

Robles

On January 25, 2013, a complaint was filed in the U.S. District Court for the Eastern District of California (Sacramento Division) by Salvador Robles against our subsidiary HGT. The action was brought on behalf of a class comprised of present and former California-based truck drivers for HGT who, from January 2009 to September 2014 were classified as independent contractors. It alleged that HGT misclassified these drivers as independent contractors and that such drivers were employees. It asserted various violations of the California Labor Code and claimed that HGT engaged in unfair competition practices. The complaint sought, among other things, declaratory and injunctive relief, monetary damages and attorney’s fees. In May 2013, the complaint was amended to add similar claims based on Mr. Robles’ status as an employed company driver. These additional claims were only on behalf of Mr. Robles and not a putative class.

Although the Company believes that the California drivers were properly classified as independent contractors at all times because litigation is expensive, time-consuming and could interrupt our business operations, HGT decided to make settlement offers to individual drivers with respect to the claims alleged in this lawsuit, without admitting liability. In late 2014, HGT converted its model from independent contractors to employee drivers in California. In early 2016, HGT closed its operations in Southern California.

Adame

On August 5, 2015, a suit was filed in state court in San Bernardino County, California on behalf of 63 named plaintiffs against HGT and five Company employees. The lawsuit alleges claims similar to those being made in the Robles case and seeks monetary penalties under the Private Attorneys General Act.

The plaintiffs’ counsel and Hub agreed in principle to settle all claims under both the Robles and Adame matters for $4.8 million, which was recorded in the third quarter of 2019 and is included in Accrued other on the accompanying Consolidated Balance Sheet. The settlements are subject to final court approval.

We are involved in certain other claims and pending litigation arising from the normal conduct of business, including putative class-action lawsuits in which the plaintiffs are current and former California-based drivers who allege claims for unpaid wages, failure to provide meal and rest periods, failure to reimburse incurred business expenses and other items. Based on management's present knowledge, management does not believe that loss contingencies arising from these pending matters are likely to have a material adverse effect on the Company's overall financial position, operating results, or cash flows after taking into account any existing accruals. However, actual outcomes could be material to the Company's financial position, operating results, or cash flows for any particular period.

New Pronouncements

3 Months Ended

Mar. 31, 2020

Accounting Changes And Error Corrections [Abstract]

New Pronouncements

NOTE 8. New Pronouncements

In January 2017, the FASB issued ASU No. 2017-04 Intangibles – Goodwill and other (Topic 350): simplifying the test for goodwill impairment. This ASU simplifies how all entities assess goodwill for impairment by eliminating step two from the goodwill impairment test. As amended, the goodwill impairment test will consist of one step comparing the fair value of a reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The standard is effective for fiscal years beginning after December 15, 2019 and early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We adopted this standard on January 1, 2020, as required. The adoption of Topic 350 did not have a material effect on our financial statements.

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement. This standard is effective for public business entities in fiscal years beginning after December 15, 2019, and for interim periods within those fiscal years. This standard requires changes to the disclosure requirements for fair value measurements for certain Level 3 items and specifies that some of the changes must be applied prospectively, while others should be applied retrospectively. We adopted the standard as of January 1, 2020, but it did not have an impact on our financial statements.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU clarifies and simplifies accounting for income taxes by eliminating certain exceptions for intraperiod tax allocation principles, the methodology for calculating income tax rates in an interim period, and recognition of deferred taxes for outside basis differences in an investment, among other updates. The effective date of this ASU is for fiscal years and interim periods beginning after December 15, 2020. The Company is evaluating the impact of this ASU.

Subsequent Event

3 Months Ended

Mar. 31, 2020

Subsequent Events [Abstract]

Subsequent Event

NOTE 9. Subsequent Event

We provided assistance and support to hospitals, food banks and other organizations across the United States by donating refrigerated trailers to be used by emergency responders in fighting the COVID-19 pandemic. In April 2020, we donated refrigerated trailers with a carrying value of approximately $5.2 million.

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share

The following is a reconciliation of our earnings per share (in thousands, except for per share data):

	Three Months Ended, March 31,
	2020		2019

Net income for basic and diluted earnings per share	$	13,236	$	23,894

Weighted average shares outstanding - basic		33,159		33,569

Dilutive effect of restricted stock		329		16

Weighted average shares outstanding - diluted		33,488		33,585

Earnings per share - basic	$	0.40	$	0.71

Earnings per share - diluted	$	0.40	$	0.71

Revenue from Contract with Customers (Tables)

3 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

Summary of Disaggregated Revenue by Business Line

The following table summarizes our disaggregated revenue by business line (in thousands):

	Three Months Ended March 31,
	2020		2019
Intermodal	$	495,324	$	536,032
Truck brokerage		98,017		117,587
Logistics		183,255		203,263
Dedicated		62,263		76,116
Total revenue	$	838,859	$	932,998

Long-Term Debt and Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

	March 31,			December 31,
	2020			2019
	(in thousands)

Borrowings on revolving line of credit	$	100,000		$	-

Secured Equipment Notes due on various dates in 2025 commencing on various dates in 2020; interest is paid monthly at a fixed annual rate between 1.51% and 1.79%		21,444			-

Secured Equipment Notes due on various dates in 2024 commencing on various dates in 2018, 2019 and 2020; interest is paid monthly at a fixed annual rate between 2.50% and 3.59%		59,517			62,690

Secured Equipment Notes due on various dates in 2023 commencing on various dates in 2018 and 2019; interest is paid monthly at a fixed annual rate between 2.23% and 4.16%		143,445			153,350

Secured Equipment Notes due on various dates in 2022 commencing on various dates in 2017; interest is paid monthly at a fixed annual rate of between 2.20% and 2.80%		14,546			16,892

Secured Equipment Notes due on various dates in 2021 commencing on various dates in 2016 and 2017; interest is paid monthly at a fixed annual rate between 2.04% and 2.96%		30,142			35,076

Secured Equipment Notes due on various dates in 2020 commencing on various dates in 2015 and 2016; interest is paid monthly at a fixed annual rate between 1.84% and 2.78%		9,602			13,617

		378,696			281,625

Less current portion		(94,620	)		(94,691	)
Total long-term debt	$	284,076		$	186,934

Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income	$ 13,236	$ 23,894
Basic weighted average number of shares outstanding	33,159	33,569
Dilutive effect of restricted stock	329	16
Weighted average shares outstanding - diluted	33,488	33,585
Earnings per share - basic	$ 0.40	$ 0.71
Earnings per share - diluted	$ 0.40	$ 0.71

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Summary of Disaggregated Revenue by Business Line (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation Of Revenue [Line Items]
Revenue	$ 838,859	$ 932,998
Intermodal [Member]
Disaggregation Of Revenue [Line Items]
Revenue	495,324	536,032
Truck brokerage [Member]
Disaggregation Of Revenue [Line Items]
Revenue	98,017	117,587
Logistics [Member]
Disaggregation Of Revenue [Line Items]
Revenue	183,255	203,263
Dedicated [Member]
Disaggregation Of Revenue [Line Items]
Revenue	$ 62,263	$ 76,116

Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Fair Value Measurement [Line Items]
Carrying value of debt	$ 378,696	$ 281,625
Restricted investments	18,200	22,600
Fixed-rate Borrowings [Member]
Fair Value Measurement [Line Items]
Increase (decrease) in fair value of debt	5,600	3,800
Carrying value of debt	$ 278,700	$ 281,600

Allowance for Credit Losses - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Credit Loss [Abstract]
Allowance for credit losses	$ 7.8	$ 6.9

Long-Term Debt and Financing Arrangements - Additional Information (Detail) - USD ($)		3 Months Ended
	Jul. 01, 2017	Mar. 31, 2020	Dec. 31, 2019
Standby Letters of Credit [Member]
Line Of Credit Facility [Line Items]
Outstanding letters of credit		$ 30,800,000
Letters of credit expiration, year		2020
Revolving Line of Credit Facility [Member]
Line Of Credit Facility [Line Items]
Borrowings under credit agreement		$ 100,000,000
Revolving Line of Credit Facility [Member] \| Bank Revolving Line of Credit [Member]
Line Of Credit Facility [Line Items]
Unused and available borrowings under bank revolving line of credit		219,200,000	$ 318,500,000
Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Credit agreement, maximum borrowing capacity	$ 350,000,000
Credit agreement, matures	Jul. 01, 2022
Borrowings under credit agreement		$ 100,000,000.0

Schedule of Outstanding Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Secured long-term debt	$ 378,696	$ 281,625
Less current portion	(94,620)	(94,691)
Total long-term debt	284,076	186,934
Secured Equipment Notes due in 2025 [Member]
Debt Instrument [Line Items]
Secured long-term debt	21,444
Secured Equipment Notes due in 2024 [Member]
Debt Instrument [Line Items]
Secured long-term debt	59,517	62,690
Secured Equipment Notes due in 2023 [Member]
Debt Instrument [Line Items]
Secured long-term debt	143,445	153,350
Secured Equipment Notes due in 2022 [Member]
Debt Instrument [Line Items]
Secured long-term debt	14,546	16,892
Secured Equipment Notes due in 2021 [Member]
Debt Instrument [Line Items]
Secured long-term debt	30,142	35,076
Secured Equipment Notes due in 2020 [Member]
Debt Instrument [Line Items]
Secured long-term debt	9,602	$ 13,617
Revolving Line of Credit Facility [Member]
Debt Instrument [Line Items]
Borrowings on revolving line of credit	$ 100,000

Schedule of Outstanding Debt (Parenthetical) (Detail)	3 Months Ended
Schedule of Outstanding Debt (Parenthetical) (Detail)	Mar. 31, 2020
Secured Equipment Notes due in 2025 [Member]
Debt Instrument [Line Items]
Equipment notes due period	2025
Payment Frequency	monthly
Secured Equipment Notes due in 2025 [Member] \| Commencing on 2020 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2020
Secured Equipment Notes due in 2024 [Member]
Debt Instrument [Line Items]
Equipment notes due period	2024
Payment Frequency	monthly
Secured Equipment Notes due in 2024 [Member] \| Commencing on 2020 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2020
Secured Equipment Notes due in 2024 [Member] \| Commencing on 2018 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2018
Secured Equipment Notes due in 2024 [Member] \| Commencing on 2019 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2019
Secured Equipment Notes due in 2023 [Member]
Debt Instrument [Line Items]
Equipment notes due period	2023
Payment Frequency	monthly
Secured Equipment Notes due in 2023 [Member] \| Commencing on 2018 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2018
Secured Equipment Notes due in 2023 [Member] \| Commencing on 2019 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2019
Secured Equipment Notes due in 2022 [Member]
Debt Instrument [Line Items]
Equipment notes due period	2022
Payment Frequency	monthly
Secured Equipment Notes due in 2022 [Member] \| Commencing on 2017 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2017
Secured Equipment Notes due in 2021 [Member]
Debt Instrument [Line Items]
Equipment notes due period	2021
Payment Frequency	monthly
Secured Equipment Notes due in 2021 [Member] \| Commencing on 2017 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2017
Secured Equipment Notes due in 2021 [Member] \| Commencing on 2016 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2016
Secured Equipment Notes due in 2020 [Member]
Debt Instrument [Line Items]
Equipment notes due period	2020
Payment Frequency	monthly
Secured Equipment Notes due in 2020 [Member] \| Commencing on 2016 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2016
Secured Equipment Notes due in 2020 [Member] \| Commencing on 2015 [Member]
Debt Instrument [Line Items]
Equipment notes, date of first required payment	2015
Minimum [Member] \| Secured Equipment Notes due in 2025 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	1.51%
Minimum [Member] \| Secured Equipment Notes due in 2024 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	2.50%
Minimum [Member] \| Secured Equipment Notes due in 2023 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	2.23%
Minimum [Member] \| Secured Equipment Notes due in 2022 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	2.20%
Minimum [Member] \| Secured Equipment Notes due in 2021 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	2.04%
Minimum [Member] \| Secured Equipment Notes due in 2020 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	1.84%
Maximum [Member] \| Secured Equipment Notes due in 2025 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	1.79%
Maximum [Member] \| Secured Equipment Notes due in 2024 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	3.59%
Maximum [Member] \| Secured Equipment Notes due in 2023 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	4.16%
Maximum [Member] \| Secured Equipment Notes due in 2022 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	2.80%
Maximum [Member] \| Secured Equipment Notes due in 2021 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	2.96%
Maximum [Member] \| Secured Equipment Notes due in 2020 [Member]
Debt Instrument [Line Items]
Interest rate secured debt	2.78%

Legal Matters - Additional Information (Detail) $ in Millions	Aug. 05, 2015 USD ($) Plaintiff Employee
Robles Lawsuits [Member]
Loss Contingencies [Line Items]
Number of plaintiffs against Hub Group Trucking \| Plaintiff	63
Number of employees filed lawsuit \| Employee	5
Robles and Adame Lawsuits [Member] \| Accrued Other [Member]
Loss Contingencies [Line Items]
Claims settlement recorded in consolidated balance sheet \| $	$ 4.8

Subsequent Event - Additional Information (Detail) $ in Millions	1 Months Ended
	Apr. 30, 2020 USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Carrying value of refrigerated trailers donated	$ 5.2