Diversified transport provider Hub Group Inc. (Nasdaq: HUBG), said Wednesday it named Vince Paperiello president of its intermodal business, which accounts for about 60% of Hub’s total revenue.
Paperiello, an 18-year veteran of Hub, will also continue in his current role as chief solutions officer, the Oak Brook, Illinois-based company said.
Paperiello joined Hub in 1993 as a customer service representative and has served in a variety of operational, logistics management, business intelligence and pricing leadership positions in the company. He has held the chief solutions officer position since 2019, according to his bio on Hub’s website.
Phillip D. Yeager, Hub’s current president and COO, was the last executive to solely run the intermodal unit, according to a person familiar with the company. Since Yeager was promoted in 2019, the unit has been operated by a group of executives, the person said. A Hub spokeswoman did not return a phone call seeking comment.
Hub’s intermodal business comprises 44,000 containers and nearly 4,000 drivers. It produced more than $2.1 billion in revenue over the past 12 months, Hub said.