MENU
SEARCHMarten Transport reported a 9.9% increase in third quarter net income from a year earlier, due in part to increased dedicated business.
Truckload carrier Marten Transport Ltd. (MRTN) reported a 9.9% increase in third quarter net income from a year earlier, due in part to increased dedicated business.
Net earnings totaled $8.4 million, or 25 cents per diluted share, compared to $7.7 million, or 23 cents per diluted share, for the third quarter of 2014 for the Wisconsin-based company.
Revenue was nearly flat at $171.3 million, but operating revenue net of fuel surcharges improved 10% to $154 million from $139.9 million for the third quarter of 2014
"We have continued to grow and develop our business profitably despite a soft freight market,” said Chairman and CEO Randolph ("Randy") Marten.
He said the company expanded its truckload and dedicated revenue, net of fuel surcharges, by 12.2%; brokerage revenue by 21.3%; and intermodal revenue, net of both fuel surcharges and revenue from its discontinued dry container service, by 23.2% in this year's third quarter from the same time in 2014.
According to Marten, the company increased its truckload and dedicated tractor count by 276 tractors, nearly 12%, since the end of last year due to growth of its dedicated operations.
“We believe that we are well-positioned to continue to profitably capitalize on growth opportunities within each of our transportation service platforms with our competitive position, cost control emphasis, modern fleet of tractors and trailers and strong balance sheet,” said Randy Marten.
More information is on the Marten Transport website.
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 →
