Hub Group, Inc. Announces Pricing of Public Offering of Class A Common Stock

DOWNERS GROVE, Ill., June 28 /PRNewswire-FirstCall/ — Hub Group, Inc.
(Nasdaq: HUBG) announced today the pricing, at $ 33.00 per share, of 1,900,000
shares of Class A Common Stock of the Company being sold in a public offering,
of which 1,800,000 shares will be sold by Hub Group and 100,000 shares will be
sold by three selling stockholders. The closing of this offering is scheduled
for July 2, 2004. Hub Group plans to use its proceeds from the offering to
prepay its outstanding 9.14% notes. The three stockholders have granted the
underwriters an option exercisable for the next 30 days to purchase up to an
additional 285,000 shares to cover any over-allotments.

The offering was made through an underwriting syndicate that includes
Bear, Stearns & Co. Inc. and BB&T Capital Markets. Copies of the final
prospectus for this offering may be obtained from the offices of Bear, Stearns
& Co. Inc., c/o Prospectus Department, 383 Madison Avenue, New York, New York
10179.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any state.

Hub Group, Inc. is a leading non-asset based freight transportation
management company providing comprehensive intermodal, truckload, LTL,
railcar, airfreight and related logistics and distribution services. Hub Group
operates through a network of over 30 offices throughout the United States,
Canada and Mexico.

Statements in this press release that are not historical, including
statements about Hub Group’s or management’s 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, 2003, the quarterly report
on Form 10-Q for the quarter ended March 31, 2004 and the Amendment No. 2 to
Registration Statement on Form S-3 filed with the Securities and Exchange
Commission on June 24, 2004.

SOURCE  Hub Group, Inc.
    -0-                             06/28/2004
    /CONTACT: Thomas White of Hub Group, +1-630-271-3667/
    /Web site:  https://www.hubgroup.com /
    (HUBG)

CO:  Hub Group, Inc.
ST:  Illinois
IN:  TRN
SU:  OFR

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