Drivers

Marten Transport Reports 3Q Operating Revenue Up 6.7%

October 23, 2007

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Marten Transport Ltd. said operating revenue, consisting of revenue from truckload and logistics operations, increased 6.7 percent to $145 million in the third quarter of 2007 from $135.8 million in the 2006 quarter.

For the nine-month period of 2007, operating revenue increased 7.2 percent to $415.2 million from $387.2 million for the 2006 period. Truckload revenue increased 1.4 percent to $125.5 million from $123.8 million in the 2006 quarter. For the nine-month period of 2007, truckload revenue increased 2.4 percent to $367.4 million from $358.9 million for the 2006 period. Logistics revenue, which consists of revenue from brokerage and intermodal operations, increased 61.9 percent to $19.5 million from $12 million in the 2006 quarter. For the nine-month period of 2007, logistics revenue increased 68.9 percent to $47.9 million from $28.3 million for the 2006 period.
Chairman, President and Chief Executive Officer Randolph L. Marten said, "Freight demand was less robust than usual during the third quarter, establishing a climate less conducive for volume growth or rate improvement with shippers. Our long-term customer relationships and diligent execution allowed us to overcome this to some extent, but below our expectations. As a result, average truckload revenue per tractor per week, net of fuel surcharges, increased slightly to $3,142 from $3,118 in the third quarter of 2006. Average truckload revenue, net of fuel surcharges, per total mile decreased to $1.482 from $1.492 in the third quarter of 2006 while average miles per tractor increased 1.5 percent."

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