Hub Group, Inc. (NASDAQ:HUBG) Q1 2023 Results Conference Call April 27, 2023 5:00 PM ET
Company Participants
Phil Yeager - President and Chief Executive Officer
Brian Alexander - Chief Operating Officer
Geoff DeMartino - Chief Financial Officer
Conference Call Participants
Jon Chappell - Evercore
Elliot Alper - Cowen and Company
Brian Ossenbeck - JPMorgan
Bascome Majors - Susquehanna
Scott Group - Wolfe Research
Tom Wadewitz - UBS
Justin Long - Stephens
Ravi Shanker - Morgan Stanley
David Zazula - Barclays
Operator
Hello, and welcome to the Hub Group First Quarter 2023 Earnings Conference Call. Phil Yeager, Hub's President and CEO; Brian Alexander, Hub's Chief Operating Officer; and Geoff DeMartino, Hub's CFO, are joining me on the call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. In order for anyone to have an opportunity to participant, please limit your inquiries to one primary and one follow-up question.
Any forward-looking statements made during the course of the call or contained in the release represent the Company's best good faith judgment as to what may happen in the future. Statements that are forward-looking can be identified by the use of words such as believe, expect, anticipate and project and variations of these words. Please review the cautionary statements in the release.
In addition, you should refer to the disclosures in the Company's Form 10-K and other SEC filings regarding factors that could cause actual results to differ materially from those projected in these forward-looking statements. As a reminder, this conference is being recorded.
It is now my pleasure to turn the call over to your host, Phil Yeager. You may now begin.
Phil Yeager
Good afternoon, and thank you for participating in Hub Group's first quarter earnings call. With me today are Brian Alexander, Hub Group's Chief Operating Officer; and Geoff DeMartino, our Chief Financial Officer.
I wanted to start by thanking all of our team members across Hub Group for their tireless effort to support our customers and one another in this rapidly evolving environment. The market has shifted from this time last year. Capacity is loose, customers are more fluid, rail services improving, inventories are elevated, import volumes are down and the employment market has become more balanced.
The improvements that we have made to our company over the past several years through our diversification, technology enhancements, yield and cost disciplines and Intermodal operating improvements are supporting our ability to successfully compete in this environment and support our customers with world class service.