Marten Transport Reports Higher Revenue, Increased Earnings
Temperature-controlled truckload carrier Marten Transport Ltd., Mondovi, Wisc., released its fourth quarter and year-end results Wednesday
Temperature-controlled truckload carrier Marten Transport Ltd., Mondovi, Wisc., released its fourth quarter and year-end results Wednesday.
For the quarter ended Dec. 31, 2004, operating revenue increased 24.0%, to $105.7 million from $85.2 million for the same quarter of 2003. For the year ended Dec. 31, 2004, operating revenue increased 13.6%, to $380.0 million from $334.7 million for 2003. Operating revenue included fuel surcharges of $10.5 million and $26.9 million for the quarter and year ended Dec. 31, 2004, compared with $3.1 million and $14.1 million for the quarter and year ended Dec. 31, 2003. Operating revenue also included revenue from MW Logistics, LLC, a 45% owned affiliate, of $2.3 million for the fourth quarter of 2004 and $7.0 million for the year, compared with no revenue for the similar periods of 2003.
The company's freight revenue, excluding fuel surcharge and MW Logistics revenue, increased 13.1% for the quarter and 8.0% for the year.
For the quarter ended Dec. 31, 2004, net income increased 49.9% to $5.2 million from $3.5 million for the same quarter of 2003. For the year ended Dec. 31, 2004, net income increased 48.1% to $17.5 million from $11.8 million for 2003.
For more information, visit www.marten.com.
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