MENU
SEARCHTemperature-controlled carrier Marten Transport reported an increase in its second quarter earnings. Although it's another small gain, it did beat analysts' expectations.
Another trucking company has reported an increase in its second quarter earnings, but it’s also another small gain.
Temperature-controlled carrier Marten Transport Ltd. (NASDAQ:MRTN) says it had a 2.1% increase in net income, totaling $8.5 million, or 26 cents per diluted share compared to 25 cents per share a year earlier. The per share performance is 1 cent better than a consensus estimate by analysts surveyed by Zacks Investment Research.
Revenue improved to $166.1 million, compared to $163.6 million in the second quarter of 2015, despite substantially lower fuel surcharges due to a drop in fuel prices this year. Operating revenue minus fuel surcharges improved 6.2% to $152.9 million.
“We have continued to demonstrate the strength of our multifaceted and diverse business model, which drove growth in our top line revenue and profitability despite pricing pressures and a soft freight market,” says Chairman and CEO Randolph L. "Randy" Marten.
The Wisconsin company grew its average number of truckload and dedicated tractors by 362 tractors, or 15.4%, in the first half of this year over the first half of 2015.
“We are confident in our ability to capitalize on further profitable growth opportunities with our unique business model and the dedicated people who have built it with their smart, hard work,” Marten said.
For the first six months of 2016, Marten reported net income $16.7 million, or 51 cents per diluted share, compared to $18.5 million, or 55 cents per share, a year earlier. Revenue increased to $328 million from $324.9 million for the first half of 2015, as fuel surcharge revenue during the period decreased to $23.3 million from $40.2 million for the 2015 six-month period.
The performance follows numbers released on Monday by J.B. Hunt, the first fleet to report second quarter earnings, showing its profit was also just 2% higher over the past year with a similar increase in revenue.
When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.
Read More →
As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.
Read More →
The long-awaited registration system promises a single portal — and tighter fraud controls.
Read More →
CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.
Read More →
Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.
Read More →
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.
Read More →
More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.
Read More →
The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.
Read More →
Fleet Advantage's Brian Antonellis says it's time for fleets to get back to the fundamentals of good maintenance practices. And that includes replacing older, inefficient equipment.
Read More →
