Marten Transport Ltd. (NASDAQ:MRTN), Mondovi, Wis., has announced for the quarter ended March 31st net income increased 76.2% to $4.8 million from $2.7 million for the same quarter of 2004.

Net income per diluted share increased to 33 cents from 19 cents for the same quarter of 2004.
Operating revenue for the quarter increased 21.7% to $102.9 million from $84.5 million for the same quarter of 2004. Operating revenue included fuel surcharges of $9.7 million, compared with $4.0 million for the same quarter of 2004. Operating revenue also included revenue from MW Logistics LLC, a 45% owned affiliate, of $2.9 million for the 2005 quarter, compared with no revenue for the same quarter of 2004.
The company's freight revenue, which excludes fuel surcharges and MW Logistics revenue, increased 12.2% over the first quarter of 2004. The company measures revenue, before fuel surcharges and MW Logistics revenue, or "freight revenue," in addition to operating revenue, because management believes removing these sources of revenue provides a more consistent basis for comparing results of operations from period to period.
The accounts of MW Logistics LLC were included in the company's statements of operations beginning April 1, 2004, in accordance with FASB Interpretation No. 46, as revised. The company previously accounted for its investment in MW Logistics operating results using the equity method of accounting.
Marten Transport is a truckload carrier specializing in transporting food and other temperature-sensitive consumer goods, particularly expedited movements for high-volume customers. For more information, go to www.marten.com.