Hub Group expects Nasdaq to issue a delisting notification after missing a Monday deadline to submit financial reports delayed by an accounting error. The company plans to request a hearing and a further extension, saying the hearing request will automatically stay delisting for 15 calendar days and that its Class A common stock is expected to keep trading during the process. Hub Group identified a $77 million understatement in purchased transportation expenses covering the first three quarters of 2025 and later found prematurely or incorrectly recognized transactions in 2023 and 2024. Those periods and the first three quarters of 2025 must be restated (reissued to correct reported figures), with completion and outstanding filings planned for the fourth quarter. Shares fell 6.2% in early Monday trading, reached a 52-week low, and faced limited upside after a Wells Fargo analyst set a price target slightly below the current price. Hub Group lowered its 2026 revenue outlook to $3.6 billion to $3.8 billion and expects an operating loss in the first half before one-time charges, while revenue forecasts remained mixed. Dave Yeager returned as chairman and CEO, while Phil Yeager remains president and vice chairman. The company expanded cost-cutting efforts as higher fuel, rail and drayage costs, along with excess logistics capacity, weighed on results.