1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                                (Amendment No. )*


                                 Hub Group Inc
                                (Name of Issuer)


                                  Class A Stock
                         (Title of Class of Securities)

                                    44332010
                                 (CUSIP Number)



*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


2




                                 SCHEDULE 13G

CUSIP No.         44332010

1.       NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                  Warburg, Pincus Counsellors, Inc.
                  13-2673503

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) [ ]
                                                              (b) [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  United States

                           5.     SOLE VOTING POWER              129,500

NUMBER OF                  6.     SHARED VOTING POWER              8,700
SHARES
BENEFICIALLY
OWNED BY
EACH                       7.     SOLE DISPOSITIVE POWER         302,000
REPORTING
PERSON                     8.     SHARED DISPOSITIVE POWER             0
WITH


9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  302,000

10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                                           [ ]
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9      5.74%

12.      TYPE OF REPORTING PERSON*

                  Investment Advisor


                                *SEE INSTRUCTION



3





                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                                  Schedule 13G
                    Under the Securities Exchange Act of 1934

Amendment No.:                                                Date:  01/09/97


Item 1 (a)        Name of issuer:         Hub Group Inc.
Item 1 (b)        Address of issuer's principal executive offices:

                         377 East Butterfield Road Suite 700
                         Lombard, IL  60148

Item 2 (a)        Name of person filing:

                         Warburg, Pincus Counsellors, Inc.

Item 2 (b)        Address of principal business office:

                         466 Lexington Avenue
                         New York, NY  10017

Item 2 (c)        Citizenship:      United States

Item 2 (d)        Title of class of securities:      Class A Stock

Item 2 (e)        Cusip No.:        44332010

Item 3            Type of Person: Investment Advisor

Item 4 (a)        Amount beneficially owned:                  302,000

Item 4 (b)        Percent of class: 5.74%

Item 4 (c)        (i)     sole power to vote:       129,500
                  (ii)    shared power to vote:       8,700
                  (iii)   sole power to dispose:    302,000
                  (iv)    shared power to dispose:        0

Item 5   Ownership of 5 percent or less of a class:         Not Applicable

Item 6   Ownership  of more  than 5 percent  on  behalf  of  another person:
                  Warburg, Pincus Counsellors, Inc. serves as Investment
                  Advisor to many accounts. The securities which are the
                  subject of this  report  are  owned  by our  accounts.  None
                  of  these accounts,  individually,  own more  than 5% of the
                  securities which are the subject of this report.


4



Item 7   Identification and classification of subsidiary:     Not Applicable



Item 8   Identification and classification of members of the group:
                                                              Not Applicable

Item 9   Notice of dissolution of the group:                  Not Applicable

Item 10  Certification:

                  By signing  below I certify  that, to the best of my knowledge
                  and belief, the securities  referred to above were acquired in
                  the ordinary  course of business and were not acquired for the
                  purpose  of  and  do  not  have  the  effect  of  changing  or
                  influencing  the control of the issuer of such  securities and
                  were not acquired in connection  with or as a  participant  in
                  any transaction having such purpose or effect.

                  After  reasonable  inquiry and to the best of my knowledge and
                  belief,  I  certify  that the  information  set  forth in this
                  statement is true, complete, and correct.


                                                    /s/ Linda S. Iovan
                                            --------------------------------
                                                      Linda S. Iovan
                                                      Vice President