09:39 AM EDT, 07/22/2025 (MT Newswires) -- Hub Group ( HUBG ) said Tuesday that it signed a deal to acquire the intermodal assets of Marten Transport's ( MRTN ) intermodal division for $51.8 million in cash.

The transaction is structured as an asset purchase of certain intermodal equipment and contracts of the Marten Transport ( MRTN ) division including about 1,200 refrigerated containers, according to the company.

Hub Group ( HUBG ) said it plans to close the transaction by the end of Q3 and expects the acquisition to be accretive to Q4 and full-year 2026 earnings per share.

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