Freight management company Hub Group Inc posted lower-than-expected quarterly results, hurt by higher transportation costs.

For the third quarter, the company earned $16.3 million, or 44 cents a share, compared with $12.6 million, or 34 cents a share, a year ago.

Sales for the company, which competes with Pacer International and C.H. Robinson Worldwide, rose about 60 percent to $760.4 million.

Revenue at the intermodal segment, which involves the transportation of freight using multiple modes of transportation, grew 19 percent.

Analysts had expected earnings of 46 cents a share, on sales of $775.3 million, according to Thomson Reuters I/B/E/S. (Reuters)