| Delaware                                                                 | 36-4007085                                     |
|--------------------------------------------------------------------------|------------------------------------------------|
| (State      or other jurisdiction of incorporation      or organization) | (I.R.S.      Employer Identification      No.) |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  Page |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|
|  PART I.  Financial      Information:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
|  Hub Group, Inc. -      Registrant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| Condensed      Consolidated Balance Sheets – June 30, 2009 (unaudited) andDecember 31,      2008                                                                      |  3    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| Unaudited      Condensed Consolidated Statements of Income - Three Months and Six      MonthsEnded      June 30, 2009 and 2008                                                                                                                                                                                                                                                                                                                                                                                             |  4    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| Unaudited      Condensed Consolidated Statement of Stockholders’ Equity -SixMonths Ended June 30,      2009                                                                                                                                                                                                                                                                                                                                                                                                                    |  5    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| Unaudited      Condensed Consolidated Statements of Cash Flows - SixMonths Ended June 30, 2009 and      2008                                                                                                                                                                                                                                                                                                                                                                                                                         |  6    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| Notes to Unaudited      Condensed Consolidated Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  7    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| Management’s      Discussion and Analysis of Financial Condition andResults of    Operations                                                                                                                                                                                                                                                                                                                                                                                                                                   |  10   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| Quantitative and      Qualitative Disclosures about Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  16   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| Controls and      Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  16   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |       |
| PART II.  Other      Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |  16   |

| HUB      GROUP, INC.                                                                                                                                                                                                      |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED BALANCE SHEETS                                                                                                                                                                                |   |
| (in      thousands, except share amounts)                                                                                                                                                                                 |   |
|                                                                                                                                                                                                                      |   |   |   |
|                                                                                                                                                                                                                      |   | June      30,2009 |   |   | December      31,2008 |   |
| ASSETS                                                                                                                                                                                                                    |   | (unaudited) |   |   |   |   |
| CURRENT      ASSETS:                                                                                                                                                                                                      |   |   |   |   |   |   |
| Cash      and cash equivalents                                                                                                                                                                                            |   | $ | 113,091 |   |   | $ | 85,799 |   |
| Accounts      receivable                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |
| Trade,      net                                                                                                                                                                                                           |   |   | 143,368 |   |   |   | 145,362 |   |
| Other                                                                                                                                                                                                                     |   |   | 10,603 |   |   |   | 10,318 |   |
| Prepaid      taxes                                                                                                                                                                                                        |   |   | 123 |   |   |   | 123 |   |
| Deferred      taxes                                                                                                                                                                                                       |   |   | 5,683 |   |   |   | 5,430 |   |
| Prepaid      expenses and other current assets                                                                                                                                                                            |   |   | 6,606 |   |   |   | 4,346 |   |
| TOTAL      CURRENT ASSETS                                                                                                                                                                                                 |   |   | 279,474 |   |   |   | 251,378 |   |
|                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| Restricted      investments                                                                                                                                                                                               |   |   | 7,688 |   |   |   | 6,118 |   |
| Property      and equipment, net                                                                                                                                                                                          |   |   | 29,968 |   |   |   | 32,713 |   |
| Other      intangibles, net                                                                                                                                                                                               |   |   | 6,387 |   |   |   | 6,610 |   |
| Goodwill,      net                                                                                                                                                                                                        |   |   | 233,001 |   |   |   | 233,110 |   |
| Other      assets                                                                                                                                                                                                         |   |   | 1,684 |   |   |   | 1,747 |   |
| TOTAL      ASSETS                                                                                                                                                                                                         |   | $ | 558,202 |   |   | $ | 531,676 |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| CURRENT      LIABILITIES:                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| Accounts      payable                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Trade                                                                                                                                                                                                                     |   | $ | 114,093 |   |   | $ | 105,064 |   |
| Other                                                                                                                                                                                                                     |   |   | 8,125 |   |   |   | 6,107 |   |
| Accrued      expenses                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Payroll                                                                                                                                                                                                                   |   |   | 6,890 |   |   |   | 9,988 |   |
| Other                                                                                                                                                                                                                     |   |   | 25,562 |   |   |   | 26,388 |   |
| TOTAL      CURRENT LIABILITIES                                                                                                                                                                                            |   |   | 154,670 |   |   |   | 147,547 |   |
|                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| Non-current      liabilities                                                                                                                                                                                              |   |   | 9,760 |   |   |   | 9,535 |   |
| Deferred      taxes                                                                                                                                                                                                       |   |   | 62,844 |   |   |   | 59,410 |   |
|                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'      EQUITY:                                                                                                                                                                                                |   |   |   |   |   |   |   |   |
| Preferred      stock, $.01 par value;  2,000,000 shares      authorized;  no shares issued or outstanding in 2009 and      2008                                                                       |   |   | - |   |   |   | - |   |
| Common      stock                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
| Class      A:  $.01 par value;  97,337,700 shares authorized and      41,224,792 shares issued in 2009 and 2008; 37,162,919 shares outstanding      in 2009 and 36,970,347 shares outstanding in 2008 |   |   | 412 |   |   |   | 412 |   |
| Class      B:  $.01 par value; 662,300 shares authorized; 662,296 shares      issued and outstanding in 2009 and 2008                                                                                           |   |   | 7 |   |   |   | 7 |   |
| Additional      paid-in capital                                                                                                                                                                                           |   |   | 170,654 |   |   |   | 174,355 |   |
| Purchase      price in excess of predecessor basis, net of tax benefit of      $10,306                                                                                                                                    |   |   | (15,458 | ) |   |   | (15,458 | ) |
| Retained      earnings                                                                                                                                                                                                    |   |   | 279,770 |   |   |   | 265,287 |   |
| Treasury      stock; at cost, 4,061,873 shares in 2009 and 4,254,445 shares in      2008                                                                                                                                  |   |   | (104,457 | ) |   |   | (109,419 | ) |
| TOTAL      STOCKHOLDERS' EQUITY                                                                                                                                                                                           |   |   | 330,928 |   |   |   | 315,184 |   |
|                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                           |   | $ | 558,202 |   |   | $ | 531,676 |   |
|                                                                                                                                                                                                                      |   |
| See      notes to unaudited condensed consolidated financial      statements.                                                                                                                                             |   |

| HUB      GROUP, INC.                                                          |   |
|-------------------------------------------------------------------------------|--------|
| UNAUDITED      CONDENSED CONSOLIDATED STATEMENTS OF INCOME                    |   |
| (in      thousands, except per share amounts)                                 |   |
|                                                                          |   |   |   |   |   |   |
|                                                                          |   | Three      Months |   |   | Six      Months |   |
|                                                                          |   | Ended      June 30, |   |   | Ended      June 30, |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                          |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                                                       |   | $ | 362,613 |   |   | $ | 490,929 |   |   | $ | 714,308 |   |   | $ | 915,924 |   |
| Transportation      costs                                                     |   |   | 316,850 |   |   |   | 431,090 |   |   |   | 623,376 |   |   |   | 798,583 |   |
| Gross      margin                                                             |   |   | 45,763 |   |   |   | 59,839 |   |   |   | 90,932 |   |   |   | 117,341 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs      and expenses:                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries      and benefits                                                    |   |   | 22,063 |   |   |   | 24,301 |   |   |   | 45,277 |   |   |   | 49,664 |   |
| General      and administrative                                               |   |   | 9,130 |   |   |   | 10,477 |   |   |   | 19,253 |   |   |   | 20,627 |   |
| Depreciation      and amortization                                            |   |   | 1,124 |   |   |   | 991 |   |   |   | 2,280 |   |   |   | 1,992 |   |
| Total      costs and expenses                                                 |   |   | 32,317 |   |   |   | 35,769 |   |   |   | 66,810 |   |   |   | 72,283 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      income                                                         |   |   | 13,446 |   |   |   | 24,070 |   |   |   | 24,122 |   |   |   | 45,058 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income (expense):                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense                                                         |   |   | (25 | ) |   |   | (26 | ) |   |   | (50 | ) |   |   | (52 | ) |
| Interest      and dividend income                                             |   |   | 36 |   |   |   | 340 |   |   |   | 91 |   |   |   | 678 |   |
| Other,      net                                                               |   |   | 62 |   |   |   | (9 | ) |   |   | 72 |   |   |   | 86 |   |
| Total      other income                                                       |   |   | 73 |   |   |   | 305 |   |   |   | 113 |   |   |   | 712 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      before provision for income taxes                                 |   |   | 13,519 |   |   |   | 24,375 |   |   |   | 24,235 |   |   |   | 45,770 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for income taxes                                               |   |   | 5,214 |   |   |   | 9,405 |   |   |   | 9,752 |   |   |   | 17,665 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                                                               |   | $ | 8,305 |   |   | $ | 14,970 |   |   | $ | 14,483 |   |   | $ | 28,105 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      earnings per common share                                          |   | $ | 0.22 |   |   | $ | 0.40 |   |   | $ | 0.39 |   |   | $ | 0.76 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      earnings per common share                                        |   | $ | 0.22 |   |   | $ | 0.40 |   |   | $ | 0.39 |   |   | $ | 0.75 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      weighted average number of shares outstanding                      |   |   | 37,344 |   |   |   | 37,191 |   |   |   | 37,333 |   |   |   | 37,146 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      weighted average number of shares outstanding                    |   |   | 37,480 |   |   |   | 37,489 |   |   |   | 37,446 |   |   |   | 37,447 |   |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See      notes to unaudited condensed consolidated financial      statements. |   |

| HUB      GROUP, INC                                                             |   |
|---------------------------------------------------------------------------------|--------|
| UNAUDITED      CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY   |   |
| For      the six months ended June 30, 2009                                     |   |
| (in      thousands, except shares)                                              |   |
|                                                                            |   |   |   |
|                                                                            |   | June      30, |   |
|                                                                            |   | 2009 |   |
| Class      A & B Common Stock Shares Outstanding                            |   |   |   |
| Beginning      of year                                                          |   |   | 37,632,643 |   |
| Purchase      of treasury shares                                                |   |   | (42,528 | ) |
| Treasury      shares issued for restricted stock and stock options    exercised |   |   | 235,100 |   |
| Ending      balance                                                             |   |   | 37,825,215 |   |
|                                                                            |   |   |   |   |
| Class      A & B Common Stock Amount                                        |   |   |   |   |
| Beginning      of year                                                          |   | $ | 419 |   |
| Ending      balance                                                             |   |   | 419 |   |
|                                                                            |   |   |   |   |
| Additional      Paid-in Capital                                                 |   |   |   |   |
| Beginning      of year                                                          |   |   | 174,355 |   |
| Exercise      of non-qualified stock options                                    |   |   | (748 | ) |
| Share-based      compensation expense                                           |   |   | 2,152 |   |
| Tax      benefit of share-based compensation plans                              |   |   | 147 |   |
| Issuance      of restricted stock awards, net of forfeitures                    |   |   | (5,252 | ) |
| Ending      balance                                                             |   |   | 170,654 |   |
|                                                                            |   |   |   |   |
| Purchase      Price in Excess of Predecessor Basis, Net of Tax                  |   |   |   |   |
| Beginning      of year                                                          |   |   | (15,458 | ) |
| Ending      balance                                                             |   |   | (15,458 | ) |
|                                                                            |   |   |   |   |
| Retained      Earnings                                                          |   |   |   |   |
| Beginning      of year                                                          |   |   | 265,287 |   |
| Net      income                                                                 |   |   | 14,483 |   |
| Ending      balance                                                             |   |   | 279,770 |   |
|                                                                            |   |   |   |   |
| Treasury      Stock                                                             |   |   |   |   |
| Beginning      of year                                                          |   |   | (109,419 | ) |
| Purchase      of treasury shares                                                |   |   | (1,082 | ) |
| Issuance      of restricted stock and exercise of stock options                 |   |   | 6,044 |   |
| Ending      balance                                                             |   |   | (104,457 | ) |
|                                                                            |   |   |   |   |
| Total      stockholders’ equity                                           |   | $ | 330,928 |   |
|                                                                            |   |   |   |   |
| See      notes to unaudited condensed consolidated financial      statements.   |   |

| HUB      GROUP, INC.                                                                                                             |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|
| UNAUDITED      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS                                                                   |   |
| (in      thousands)                                                                                                              |   |
|                                                                                                                             |   |   |   |
|                                                                                                                             |   | Six      Months Ended June 30, |   |
|                                                                                                                             |   | 2009 |   |   | 2008 |   |
| Cash      flows from operating activities:                                                                                       |   |   |   |   |   |   |
|     Net      income                                                                                          |   | $ | 14,483 |   |   | $ | 28,105 |   |
|     Adjustments      to reconcile net income to net cash provided by operating      activities:              |   |   |   |   |   |   |   |   |
|        Depreciation      and amortization                                                     |   |   | 4,320 |   |   |   | 3,395 |   |
|        Deferred      taxes                                                                    |   |   | 3,227 |   |   |   | 5,149 |   |
|        Compensation      expense related to share-based compensation plans                    |   |   | 2,152 |   |   |   | 2,257 |   |
|        Gain      on sale of assets                                                            |   |   | (16 | ) |   |   | (197 | ) |
|     Changes      in operating assets and liabilities:                                                        |   |   |   |   |   |   |   |   |
|        Restricted      investments                                                            |   |   | (1,570 | ) |   |   | (2,540 | ) |
|        Accounts      receivable, net                                                          |   |   | 1,709 |   |   |   | (31,826 | ) |
|        Prepaid      expenses and other current assets                                         |   |   | (2,260 | ) |   |   | (1,607 | ) |
|        Other      assets                                                                      |   |   | 63 |   |   |   | 122 |   |
|        Accounts      payable                                                                  |   |   | 11,047 |   |   |   | 26,608 |   |
|        Accrued      expenses                                                                  |   |   | (3,362 | ) |   |   | (8,938 | ) |
|        Non-current      liabilities                                                           |   |   | 288 |   |   |   | 45 |   |
|             Net      cash provided by operating activities           |   |   | 30,081 |   |   |   | 20,573 |   |
| Cash      flows from investing activities:                                                                                       |   |   |   |   |   |   |   |   |
|      Proceeds      from sale of equipment                                                               |   |   | 53 |   |   |   | 364 |   |
|      Purchases      of property and equipment                                                           |   |   | (1,951 | ) |   |   | (1,858 | ) |
|      Cash      used in acquisition of Comtrak, Inc.                                                     |   |   | - |   |   |   | (5,000 | ) |
|             Net      cash used in investing activities               |   |   | (1,898 | ) |   |   | (6,494 | ) |
| Cash      flows from financing activities:                                                                                       |   |   |   |   |   |   |   |   |
|      Proceeds      from stock options exercised                                                         |   |   | 44 |   |   |   | 355 |   |
|      Purchase      of treasury stock                                                                    |   |   | (1,082 | ) |   |   | (796 | ) |
|      Excess      tax benefits from share-based compensation                                             |   |   | 147 |   |   |   | 2,398 |   |
|             Net      cash (used in) provided by financing activities |   |   | (891 | ) |   |   | 1,957 |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |
| Net      increase in cash and cash equivalents                                                                                   |   |   | 27,292 |   |   |   | 16,036 |   |
| Cash      and cash equivalents beginning of period                                                                               |   |   | 85,799 |   |   |   | 38,002 |   |
| Cash      and cash equivalents end of period                                                                                     |   | $ | 113,091 |   |   | $ | 54,038 |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |
| Supplemental      disclosures of cash paid for:                                                                                  |   |   |   |   |   |   |   |   |
|      Interest                                                                                           |   | $ | 50 |   |   | $ | 52 |   |
|      Income      taxes                                                                                  |   | $ | 4,413 |   |   | $ | 11,165 |   |
|                                                                                                                             |   |
| See      notes to unaudited condensed consolidated financial      statements.                                                    |   |

|                                                 |   | Three      Months Ended |   |   | Three      Months Ended |   |
|------------------------------------------------------|--------|-------------------------|--------|--------|-------------------------|--------|
|                                                 |   | June      30, 2009      |   |   | June      30, 2008      |   |
|                                                 |   | Income                  |   |   | Shares                  |   |   | Per      Share Amount |   |   | Income |   |   | Shares |   |   | Per      Share Amount |   |
| Basic      EPS                                       |   |                    |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net      income                                |   | $                       | 8,305  |   |                    |   | 37,344 |   |   | $ | 0.22 |   |   | $ | 14,970 |   |   |   | 37,191 |   |   | $ | 0.40 |   |
|                                                 |   |                    |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect      of Dilutive Securities                   |   |                    |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock      options & restricted  stock |   |                    |   |   |                    |   | 136 |   |   |   |   |   |   |   |   |   |   |   | 298 |   |   |   |   |   |
|                                                 |   |                    |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      EPS                                     |   | $                       | 8,305  |   |                    |   | 37,480 |   |   | $ | 0.22 |   |   | $ | 14,970 |   |   |   | 37,489 |   |   | $ | 0.40 |   |

|                                                       |   | Six      Months Ended |   |   | Six      Months Ended |   |
|------------------------------------------------------------|--------|-----------------------|--------|--------|-----------------------|--------|
|                                                       |   | June      30, 2009    |   |   | June      30, 2008    |   |
|                                                       |   | Income                |   |   | Shares                |   |   | Per      Share Amount |   |   | Income |   |   | Shares |   |   | Per      Share Amount |   |
| Basic      EPS                                             |   |                  |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Net      income                                      |   | $                     | 14,483 |   |                  |   | 37,333 |   |   | $ | 0.39 |   |   | $ | 28,105 |   |   |   | 37,146 |   |   | $ | 0.76 |   |
|                                                       |   |                  |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect      of Dilutive Securities                         |   |                  |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Stock      options & restricted  stock |   |                  |   |   |                  |   | 113 |   |   |   |   |   |   |   |   |   |   |   | 301 |   |   |   |   |   |
|                                                       |   |                  |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      EPS                                           |   | $                     | 14,483 |   |                  |   | 37,446 |   |   | $ | 0.39 |   |   | $ | 28,105 |   |   |   | 37,447 |   |   | $ | 0.75 |   |

| Balance      at December 31, 2008                 |   | $      | -      |   |
|---------------------------------------------------|--------|--------|--------|--------|
|   Restructuring      expenses-severance |   |   | 872    |   |
|   Cash      payments made               |   |   | (403   | )      |
| Balance      at March 31, 2009                    |   | $      | 469    |   |
|   Restructuring      expenses-severance |   |   | 36     |   |
|   Cash      payments made               |   |   | (291   | )      |
|   Change      in estimate               |   |   | (68    | )      |
| Balance      at June 30, 2009                     |   | $      | 146    |   |
|                                              |   |   |   |   |

| ·   | the      degree and rate of market growth in the domestic intermodal, truck      brokerage and logistics markets served byus; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------|

| ·   | deterioration      in our relationships with existing railroads or adverse changes to the      railroads’ operating rules; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| ·   | changes      in rail service conditions or adverse weather  conditions; |
|--------------------|-------------------------------------------------------------------------|

| ·   | further      consolidation of railroads; |
|--------------------|------------------------------------------|

| ·   | the      impact of competitive pressures in the marketplace, including entry of new      competitors, direct marketing efforts by the railroads or marketing      efforts of asset-based carriers; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | changes      in rail, drayage and trucking companycapacity; |
|--------------------|-------------------------------------------------------------|

| ·   | railroads      moving away from ownership of intermodalassets; |
|--------------------|----------------------------------------------------------------|

| ·   | equipment      shortages or equipment surplus; |
|--------------------|------------------------------------------------|

| ·   | changes      in the cost of services from rail, drayage, truck or other      vendors; |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | increases      in costs for independent contractors due to regulatory, judicial and legal      changes; |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | labor      unrest in the rail, drayage or trucking company    communities; |
|--------------------|----------------------------------------------------------------------------|

| ·   | general      economic and business conditions; |
|--------------------|------------------------------------------------|

| ·   | significant      deterioration in our customers’ financial condition, particularly in the      retail and durable goods sector; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------|

| ·   | fuel      shortages or fluctuations in fuelprices; |
|--------------------|----------------------------------------------------|

| ·   | increases      in interest rates; |
|--------------------|-----------------------------------|

| ·   | changes      in homeland security or terroristactivity; |
|--------------------|---------------------------------------------------------|

| ·   | difficulties      in maintaining or enhancing our information technology      systems; |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | changes      to or new governmental regulation; |
|--------------------|-------------------------------------------------|

| ·   | loss      of several of our largestcustomers; |
|--------------------|-----------------------------------------------|

| ·   | inability      to recruit and retain keypersonnel; |
|--------------------|----------------------------------------------------|

| ·   | inability      to recruit and retain drivers and owner  operators; |
|--------------------|--------------------------------------------------------------------|

| ·   | changes      in insurance costs and claimsexpense; |
|--------------------|----------------------------------------------------|

| ·   | changes      to current laws which will aid union organizing efforts;    and |
|--------------------|------------------------------------------------------------------------------|

| ·   | inability      to close and successfully integrate any future business      combinations. |
|--------------------|-------------------------------------------------------------------------------------------|

|                 |   | Three      Months Ended |    |   | Six      Months Ended |   |
|----------------------|--------|-------------------------|---------|--------|-----------------------|--------|
|                 |   | June      30,           |    |   | June      30,         |   |
|                 |   |                    |    |   |                  |   |   | % |   |   |   |   |   |   |   |   | % |   |
|                 |   | 2009                    |    |   | 2008                  |   |   | Change |   |   | 2009 |   |   | 2008 |   |   | Change |   |
|                 |   |                    |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue              |   |                    |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Intermodal           |   | $                       | 254,072 |   |                  | $      | 351,640 |   |   |   | (27.7 | )      % |   | $ | 499,641 |   |   | $ | 654,411 |   |   |   | (23.7 | )      % |
| Truck      brokerage |   |                    | 71,399  |   |                  |   | 98,667 |   |   |   | (27.6 | ) |   |   | 139,439 |   |   |   | 188,575 |   |   |   | (26.1 | ) |
| Logistics            |   |                    | 37,142  |   |                  |   | 40,622 |   |   |   | (8.6 | ) |   |   | 75,228 |   |   |   | 72,938 |   |   |   | 3.1 |   |
| Total      revenue   |   | $                       | 362,613 |   |                  | $      | 490,929 |   |   |   | (26.1 | )      % |   | $ | 714,308 |   |   | $ | 915,924 |   |   |   | (22.0 | )      % |

|                                                             |   | Three      Months Ended |   |   | Six      Months Ended |   |
|------------------------------------------------------------------|--------|-------------------------|--------|--------|-----------------------|--------|
|                                                             |   | June      30,           |   |   | June      30,         |   |
|                                                             |   | 2009                    |   |   | 2008                  |   |   | 2009 |   |   | 2008 |   |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |
| Revenue                                                          |   |                    | 100.0  | %      |                  |   | 100.0 | % |   |   | 100.0 | % |   |   | 100.0 | % |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Transportation      costs                                        |   |                    | 87.4   |   |                  |   | 87.8 |   |   |   | 87.3 |   |   |   | 87.2 |   |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Gross      margin                                                |   |                    | 12.6   |   |                  |   | 12.2 |   |   |   | 12.7 |   |   |   | 12.8 |   |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Costs      and expenses:                                         |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|      Salaries      and benefits         |   |                    | 6.1    |   |                  |   | 5.0 |   |   |   | 6.3 |   |   |   | 5.4 |   |
|      General      and administrative    |   |                    | 2.5    |   |                  |   | 2.1 |   |   |   | 2.7 |   |   |   | 2.3 |   |
|      Depreciation      and amortization |   |                    | 0.3    |   |                  |   | 0.2 |   |   |   | 0.3 |   |   |   | 0.2 |   |
| Total      costs and expenses                                    |   |                    | 8.9    |   |                  |   | 7.3 |   |   |   | 9.3 |   |   |   | 7.9 |   |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Operating      income                                            |   |                    | 3.7    |   |                  |   | 4.9 |   |   |   | 3.4 |   |   |   | 4.9 |   |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Other      income:                                               |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|      Interest      and dividend income  |   |                    | 0.0    |   |                  |   | 0.1 |   |   |   | 0.0 |   |   |   | 0.1 |   |
|      Total      other income            |   |                    | 0.0    |   |                  |   | 0.1 |   |   |   | 0.0 |   |   |   | 0.1 |   |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Income      before provision for income taxes                    |   |                    | 3.7    |   |                  |   | 5.0 |   |   |   | 3.4 |   |   |   | 5.0 |   |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for income taxes                                  |   |                    | 1.4    |   |                  |   | 2.0 |   |   |   | 1.4 |   |   |   | 1.9 |   |
|                                                             |   |                    |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                                                  |   |                    | 2.3    | %      |                  |   | 3.0 | % |   |   | 2.0 | % |   |   | 3.1 | % |

|                     |   |   |   |
|--------------------------|--------|--------|--------|
| 2009                     |   | $      | 10,729 |   |
| 2010                     |   |   | 19,213 |   |
| 2011                     |   |   | 17,406 |   |
| 2012                     |   |   | 14,410 |   |
| 2013                     |   |   | 5,336  |   |
| 2014      and thereafter |   |   | 1,892  |   |
|                     |   | $      | 68,986 |   |

| 2010                     |   | $      | 1,688 |   |
|--------------------------|--------|--------|-------|--------|
| 2011                     |   |   | 567   |   |
| 2012                     |   |   | 675   |   |
| 2013                     |   |   | 598   |   |
| 2014      and thereafter |   |   | 6,314 |   |
|                     |   | $      | 9,842 |   |

|                                                                    |   | Total      Number of Shares Purchased |   |   | Average      Price Paid Per Share |   |   | Total      Number of Shares Purchased as Part of Publicly Announced    Plan |   |   | Maximum      Value of Shares that May Yet Be Purchased Under the Plan(in      000’s) |   |
|-------------------------------------------------------------------------|--------|---------------------------------------|--------|--------|-----------------------------------|--------|--------|-----------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------|--------|
| April                                                                   |   |                                  | --     |   |                              | $      | --     |                                                                        |   |   | --                                                                                         |   |   | $  | 73,598 |   |
| May                                                                     |   |                                  | --     |   |                              | $      | --     |                                                                        |   |   | --                                                                                         |   |   | $  | 73,598 |   |
| June                                                                    |   |                                  | --     |   |                              | $      | --     |                                                                        |   |   | --                                                                                         |   |   | $ | - |   |
|            Total |   |                                  | -      |   |                              | $      | -      |                                                                        |   |   | -                                                                                          |   |   | $ | - |   |

|                           | HUB GROUP,INC. |                                                                                      |
|--------------------------------|----------------|-------------------------------------------------------------------------------------------|
|                           |           |                                                                                      |   |
| Date:       July 24, 2009 | By:            | /s/ Terri      A. Pizzuto                                                            |   |
|                           |           | Name:      Terri A. Pizzuto                                                               |   |
|                           |           | Title:      Executive Vice President, Chief Financial Officer and                    |   |
|                           |           |                Treasurer                     |   |
|                           |           |                (Principal Financial Officer) |   |

| 31.1 | Certification      of David P. Yeager, Chairman and Chief Executive Officer, Pursuant to Rule      13a-14(a) under the Securities Exchange Act of  1934. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2 | Certification      of Terri A. Pizzuto, Executive Vice President, Chief Financial Officer and      Treasurer, Pursuant to Rule 13a-14(a) under the Securities Exchange Act of      1934. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Certification      of David P. Yeager and Terri A. Pizzuto, Chief Executive Officer and Chief      Financial Officer, respectively, Pursuant to 18 U.S.C. Section      1350. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|