Marten Transport Ltd. has reported a near 50% improvement in net income for the second quarter of the year compared to a year ago, totaling $13.7 million or 25 cents per share.
Revenue increased 14.9% to $197 million for the second quarter of 2018, while revenue excluding fuel surcharges improved 8.5% to $169.2 million for the temperature-controlled carrier.
“Our improved top- and bottom-line results demonstrate the balanced strength of Marten’s unique multifaceted business model, with significant increases in the operating income produced across our four distinct operating platforms: truckload, dedicated, intermodal, and brokerage,” said Randolph L. Marten, chairman and CEO.
The truckload unit saw operating income rise 15.77% from a year earlier, totaling $8.7 million, while dedicated reported a 10.1% gain, totaling $5.6 million. Intermodal operating income jumped 23.1% to $2.5 million while brokerage income soared 52.3% to $1.4 million.
All four, except for the truckload segment, reported double-digit percentage increases in total revenue for the quarter. Total truckload revenue, however, fell 0.5%.