Exhibit 99.1

        Hub Group, Inc. Announces Accounting Irregularities Found at
                   its Hub Group Distribution Subsidiary

Lombard, IL, February 12, 2002 - Hub Group, Inc. (NASDAQ: HUBG) announced
today that it has discovered certain accounting irregularities at its 65%
owned subsidiary, Hub Group Distribution Services ("HGDS"). Although the
investigation continues, at this time Hub Group, Inc. (the "Company")
estimates that due to these irregularities the Company overstated its
earnings on an after-tax, post minority interest basis by between
approximately $3.0 million to $4.0 million in total over a multi-year
period.

Although the Company is working to determine the exact periods during which
this occurred, the Company currently believes that the irregularities
recently discovered at HGDS affected the Company's reported financial
results for 1999, 2000 and 2001. Once this investigation is completed and
the results finalized, the Company will restate its financial results for
the appropriate periods. Due to the irregularities at HGDS, investors
should not rely on previously released financial results or previously
issued audit reports for these periods.

HGDS was formed in 1990 to perform certain specialized logistics and
distribution functions. The Company currently owns 65% of HGDS, while an
unaffiliated third party, the former President of HGDS, owns the remaining
35%. HGDS is located in Arlington Heights, IL, approximately 20 miles from
the Company's headquarters in Lombard, IL.

Throughout the years in question, HGDS maintained its own office space,
information technology systems and accounting software. Unlike the
Company's other subsidiaries which are all wholly-owned and which
centralized their accounting function in Lombard in 2001, HGDS maintains
its own accounting department. The HGDS accounting department regularly
reported its financial results to the Company, who then incorporated these
results into its financial reports.

The Company currently estimates it will be several weeks before it is able
to determine exactly how much of the approximately $3.0 million to $4.0
million overstatement belongs in 1999, how much belongs in 2000 and how
much belongs in 2001. Due to the lengthy nature of this process, the
Company will not be able to report its year-end results this week as
originally planned. The Company currently believes that it will report its
year-end results in March.

The Company has hired the law firm of Mayer, Brown, Rowe and Maw ("Mayer,
Brown") to provide legal services in connection with an investigation into
the nature and cause of these irregularities. Mayer, Brown has engaged a
team of forensic accountants to assist it in this process. Mayer, Brown
will provide a report to the Board on the results of its investigation once
it is completed.



Statements in this press release that are not historical, including
statements regarding 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 additional accounting
issues that could surface or systems issues and 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, 2000, and the
quarterly reports on Form 10-Q for the quarters ended March 31, 2001, June
30, 2001 and September 30, 2001. Hub Group assumes no liability to update
any such forward-looking statements.

Hub Group, Inc. is a leading non-asset based freight transportation
management company providing comprehensive intermodal, truckload, LTL,
railcar, air freight, international and related logistics and distribution
services. The Company operates through a network of over 30 offices
throughout the United States, Canada and Mexico and had 2000 sales of
approximately $1.4 billion.