Hub Group Announces Partnership With Blockchain in Transportation Alliance

OAK BROOK, Ill., Feb. 20, 2018 -- Hub Group (Nasdaq:HUBG), a multi-modal transportation solutions provider, announced today it will partner with the Blockchain in Transportation Alliance (BiTA).

Since its inception in 2017, BiTA has endeavored to unite the foremost leaders in the trucking industry to establish a blockchain standards framework and drive its adoption and advancement. By partnering with BiTA, Hub Group will join a growing consortium of tech and transportation executives dedicated to driving blockchain applications through education, research and training.

“The understanding of Blockchain’s impact in our industry is at a very nascent state,” said Vava Dimond, Chief Information Officer of Hub Group. “A growing number of companies are identifying compelling use cases beyond solving the traditional challenges of complex supply chains. We’re excited to fully explore how its applications may enhance our own service offerings, or how we can participate in our customers’ use of the technology. Joining BiTA means we can help create blockchain standards as well as collaborate on industry applications that will help shape the future of our industry.”

Working with BiTA, Hub Group will leverage the group’s resources and thought leadership to enhance its service portfolio. The group also aims to educate and invigorate the market, encouraging the use of blockchain to drive developments in vehicle maintenance, quality assurance, capacity monitoring, fraud detection and theft prevention.

“Blockchain is an innovative technology that will touch all aspects of the supply chain, and having a company such as Hub Group that also operates within all touchpoints of the supply chain will be a tremendous addition,” said Chris Burruss, President of the Blockchain in Transport Alliance. "We welcome such an innovative company into the growing family of BiTA members and look forward to collaborating with Hub Group’s leadership team on the important task at hand as BiTA works to develop industry standards and educational programs for blockchain.”

About Hub Group
Hub Group is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. As a publicly traded company with over $4 billion in revenue, Hub Group’s organization of over 4,000 employees delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs.  For more information, visit www.hubgroup.com.

About Blockchain in Transport Alliance
Founded in August 2017, the Blockchain in Transport Alliance (BiTA) is a forum for promotion, education and encouragement to develop and adopt blockchain applications in the trucking, transportation and logistics industry. BiTA’s goal is for members to participate, discuss, create and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the transportation industry in a manner that will create efficiency, transparency, and foster trust. BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. For more information, visit www.bita.studio.

MEDIA CONTACT:
Brian Meents, [email protected], 630.437.6256