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SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported) June 20, 2005

HUB GROUP, INC.
(Exact name of registrant as specified in its charter)

DELAWARE
(State or Other Jurisdiction of Incorporation)

0-27754	36-4007085
(Commission File Number)	(I.R.S. Employer Identification No.)

3050 Highland Parkway, Suite 100
Downers Grove, Illinois 60515
(Address, including zip code, of principal executive offices)
(630) 271-3600
(Registrant’s telephone number, including area code)

NOT APPLICABLE
(Former Name or Former Address, If Changed Since Last Report)

        Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant any of the following provisions:

     [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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ITEM 2.02       RESULTS OF OPERATIONS AND FINANCIAL CONDITION

       On July 20, 2005 Hub Group, Inc. issued a press release announcing its second quarter 2005 operating results. The press release is furnished as Exhibit 99.1 to this Form 8-K.

ITEM 9.01        FINANCIAL STATEMENTS AND EXHIBITS

                            (a)        Not Applicable.

                            (b)        Not Applicable.

                            (c)        A list of exhibits filed herewith is contained on the Exhibit
                                         Index which immediately precedes such exhibits and is
                                         incorporated herein by reference.

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly authorized this report to be signed on its behalf by the undersigned thereunto duly authorized.

HUB GROUP, INC.

DATE: July 21, 2005	/s/ Thomas M. White
	By:  Thomas M. White
	Its:  Senior Vice President
	Chief Financial Officer and Treasurer
	(Principal Financial Officer)

EXHIBIT INDEX

Exhibit No.

99.1

Press release issued on July 20, 2005 announcing operating results for Hub Group, Inc. for the second quarter 2005.

EXHIBIT No. 99.1

Hub Group, Inc. Reports Record Earnings for the Second Quarter

DOWNERS GROVE, IL, July 20, 2005, — Hub Group, Inc. (NASDAQ: HUBG) today reported record net income for the quarter ended June 30, 2005 of $7.9 million. This represents a 95% increase in second quarter net income versus the second quarter of 2004. Hub Group’s diluted earnings per share for the quarter ended June 30, 2005 is $0.38 which represents an increase of 58% when compared to diluted earnings per share for the quarter ended June 30, 2004 of $0.24. Diluted shares outstanding increased by 23% due primarily to our stock offering in July 2004.

Costs and expenses decreased 5.5% in the second quarter of 2005 to $33.4 million compared to $35.4 million in the second quarter of 2004, reflecting the benefits from the Company’s improved operating efficiencies and cost containment programs. Interest expense decreased from $1.7 million in the second quarter 2004 to $0.1 million in 2005 due to the extinguishment of debt in the third quarter of 2004.

Hub’s revenue grew by 6.5% to $371.6 million as compared to $349.0 million in the second quarter of 2004. Second quarter intermodal revenue increased 4.6% to $259.3 million. Truckload brokerage revenue increased 19.8% to $68.0 million this quarter. Second quarter logistics revenue increased 2.2% to $34.5 million. Hub Group Distribution Services revenue decreased 6.3% to $9.8 million in the second quarter of 2005.

Commenting on the results, David P. Yeager, Vice-Chairman and Chief Executive Officer of Hub Group stated, “We are pleased with our record second quarter. Our focus on yield management, while maintaining effective control of our costs, continues to generate strong shareholder returns.”

STOCK SPLIT
As previously announced, the Board of Directors approved a 2 for 1 stock split in the form of a stock dividend which was paid on May 11, 2005. Accordingly, all share and per share amounts have been adjusted to give retroactive effect to the stock split.

FULL YEAR 2005
Given the current operating environment, we are comfortable that the earnings for 2005 will be within the analysts’ range of $1.35 to $1.45 per diluted share.

Certain prior year amounts have been reclassified to conform to the current year presentation.

CONFERENCE CALL
Hub will hold a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, July 21, 2005 to discuss its second quarter results.

Hosting the conference call will be David P. Yeager, Vice-Chairman and CEO and Thomas M. White, Senior Vice-President, Chief Financial Officer and Treasurer.

This call is being webcast by Thomson/CCBN and can be accessed through the Investor Relations link at Hub Group’s Web site at http://www.hubgroup.com or individual investors can access the audio webcast at http://www.fulldisclosure.com and institutional investors can access the webcast at http://www.streetevents.com. The webcast is listen-only. Those interested in participating in the question and answer session should follow the telephone dial-in instructions below.

To participate in the conference call by telephone, please call ten minutes early by dialing (800) 638-4817. The conference call participant code is 96097629. The call will be limited to 60 minutes, including questions and answers.

An audio replay will be available through the Investor Relations link on the Company’s Web site at http://www.hubgroup.com. This replay will be available for 30 days.

ABOUT HUB GROUP: Hub Group, Inc. is a leading non-asset based freight transportation management company providing comprehensive intermodal, truckload brokerage and logistics and distribution services. The Company operates through a network of over 30 offices throughout the United States, Canada and Mexico.

CERTAIN FORWARD-LOOKING STATEMENTS: Statements in this press release that are not historical, including statements about Hub Group’s or management’s earnings guidance, intentions, beliefs, expectations, representations, projections, plans or predictions of the future, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently uncertain and subject to risks. Such statements should be viewed with caution. Actual results or experience could differ materially from the forward-looking statements as a result of many factors. Factors that could cause actual results to differ materially include the factors listed from time to time in Hub Group’s SEC reports including, but not limited to, the annual report on Form 10-K for the year ended December 31, 2004 and Form 10-Q for the period ended March 31, 2005. Hub Group assumes no liability to update any such forward-looking statements.

SOURCE: HUB GROUP, INC.

CONTACT: Amy Lisek of Hub Group, Inc., +1-630-795-2214

HUB GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)

		Three Months Ended June 30,				Six Months Ended June 30,
		2005		2004		2005		2004
Revenue		$ 371,630		$ 348,971		$ 711,488		$ 677,273
Transportation costs		324,721		305,306		621,334		591,805
Gross margin		46,909		43,665		90,154		85,468
Costs and expenses:
Salaries and benefits		21,503		22,233		43,379		44,575
General and administrative		9,489		10,315		19,241		20,596
Depreciation and amortization of property and equipment		2,453		2,851		4,936		5,734
Total costs and expenses		33,445		35,399		67,556		70,905
Operating income		13,464		8,266		22,598		14,563
Other income (expense):
Interest expense		(140	)	(1,684	)	(347	)	(3,397	)
Interest income		183		56		384		109
Other, net		40		363		54		404
Total other income (expense)		83		(1,265	)	91		(2,884	)
Income before provision for income taxes		13,547		7,001		22,689		11,679
Provision for income taxes		5,622		2,942		9,416		4,907
Net income		$     7,925		$     4,059		$     13,273		$     6,772
Basic earnings per common share		$       0.40		$    0.26		$       0.66		$    0.43
Diluted earnings per common share		$       0.38		$    0.24		$       0.63		$    0.40
Basic weighted average number of shares outstanding		19,977		15,702		20,130		15,598
Diluted weighted average number of shares outstanding		20,796		16,938		20,977		16,762

HUB GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)

		June 30, 2005		December 31, 2004
		(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$    6,972		$    16,806
Restricted investments		885		—
Accounts receivable
Trade, net		140,609		140,762
Other		13,576		8,313
Deferred taxes		4,364		4,667
Prepaid expenses and other current assets		3,126		4,746
TOTAL CURRENT ASSETS		169,532		175,294
PROPERTY AND EQUIPMENT, net		16,385		19,487
GOODWILL, net		215,175		215,175
OTHER ASSETS		428		889
TOTAL ASSETS		$ 401,520		$ 410,845
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable
Trade		$ 116,820		$ 115,819
Other		3,598		1,660
Accrued expenses
Payroll		14,052		19,542
Other		13,909		15,100
TOTAL CURRENT LIABILITIES		148,379		152,121
DEFERRED TAXES		35,723		31,788
STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value, 2,000,000 shares authorized; no shares
issued or outstanding in 2005 and 2004		—		—
Common stock
Class A: $.01 par value; 47,337,700 shares authorized; 20,281,248
shares issued (including treasury stock in 2005) and 19,329,763 shares
outstanding in 2005; 19,933,610 shares issued and outstanding in 2004		203		199
Class B: $.01 par value; 662,300 shares authorized; 662,296 shares
issued and outstanding in 2005 and 2004		7		7
Additional paid-in capital		184,477		182,262
Purchase price in excess of predecessor basis, net of tax benefit of $10,306		(15,458	)	(15,458	)
Retained earnings		77,884		64,611
Unearned compensation		(3,910	)	(4,685	)
Treasury stock, at cost (951,485 shares in 2005)		(25,785	)	—
TOTAL STOCKHOLDERS' EQUITY		217,418		226,936
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 401,520		$ 410,845

HUB GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

		Six Months Ended June 30,
		2005		2004
Cash flows from operating activities:
Net income		$   13,273		$   6,772
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation and amortization of property and equipment		5,154		5,812
Deferred taxes		8,150		4,735
Compensation expense related to restricted stock		1,061		1,044
Gain on sale of assets		(18	)	(162	)
Other assets		461		697
Changes in working capital:
Restricted investments		(885	)	—
Accounts receivable, net		(5,110	)	(1,547	)
Prepaid expenses and other current assets		1,620		(101	)
Accounts payable		2,939		(4,814	)
Accrued expenses		(6,681	)	1,667
Net cash provided by operating activities		19,964		14,103
Cash flows from investing activities:
Purchases of property and equipment, net		(2,034	)	(1,682	)
Net cash used in investing activities		(2,034	)	(1,682	)
Cash flows from financing activity:
Proceeds from stock options exercised		2,794		3,359
Purchase of treasury stock		(30,558	)	(2,767	)
Net payments on revolver		—		(6,000	)
Payments on long-term debt		—		(7,013	)
Net cash used in financing activities		(27,764	)	(12,421	)
Net decrease in cash and cash equivalents		(9,834	)	—
Cash and cash equivalents beginning of period		16,806		—
Cash and cash equivalents end of period		$      6,972		$             —
Supplemental disclosures of cash flow information
Cash paid for:
Interest		$            —		$        2,630
Income taxes		$       1,066		$           368

HUB GROUP, INC.
MODAL REVENUE SUMMARY
(in thousands)

		First		Second
		Quarter		Quarter		YTD
		2005		2005		2005
Intermodal		$    233,662		$    259,260		$    492,922
Brokerage		60,154		68,038		128,192
Logistics		35,589		34,524		70,113
Total Core		329,405		361,822		691,227
HGDS		10,453		9,808		20,261
Consolidated		$    339,858		$    371,630		$    711,488

		First		Second
		Quarter		Quarter		YTD
		2004		2004		2004
Intermodal		$    236,321		$    247,940		$    484,261
Brokerage		50,960		56,778		107,738
Logistics		33,913		33,786		67,699
Total Core		321,194		338,504		659,698
HGDS		7,108		10,467		17,575
Consolidated		$    328,302		$    348,971		$    677,273

NOTE:

HGDS transferred its Pharmaceutical business to Logistics in August 2004, resulting in an increase in Logistics revenue of $4,331 and $3,384 for the quarters ending March 31, 2005 and June 30, 2005, respectively.