
Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.
Truckload carrier Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.

Photo by Evan Lockridge.

Marten Transport reported profit in the first quarter of the year nearly doubled from the same time in 2014.
It increased 92.7% to $10.2 million, or 30 cents per diluted share, from $5.3 million, or 16 cents per diluted share, during the first quarter of 2014 for the Wisconsin-based carrier.
Operating revenue, consisting of revenue from truckload, dedicated, intermodal and brokerage operations, increased 1.2% to $161.3 million from $159.4 million. Operating revenue net of fuel surcharges improved 10.3% to $140.7 million for the 2015 quarter, while fuel surcharge revenue fell to $20.6 million for the first quarter of 2015 from $31.9 million for the 2014 quarter.
“We are pleased with our strong performance in the first quarter and believe we can leverage the solid foundation provided by our truckload, dedicated, intermodal and brokerage operations to take advantage of the current and expected tightening capacity for continued profitable growth,” said Chairman and CEO Randy Marten.
He said the company was also encouraged by the growth of its dedicated operations, with its operating revenue, net of fuel surcharges, growing 85.2% to $19.9 million for the first quarter from $10.7 million for last year’s first quarter.
“We have also continued to make great strides in the profitability of our intermodal operations, improving our operating ratio, net of fuel surcharges, to 92.6% for the first quarter of 2015 from 94.7% for last year’s fourth quarter,” he said. “We expect this positive trend to continue in 2015 as we continue to see the benefit of rate increases, lane selectivity and improvements in rail service, along with our disposal of the overhead-intensive containers that were used in a portion of our intermodal operations.”

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 →
Load matching for flatbed, lowbed, oversize and overweight loads can't be automated like basic van freight, but Truckstop.com is adding more high-tech tools to help.
Read More →
An expanded Trucker Path and Truckstop.com integration brings more freight opportunities into the TruckLoads app while emphasizing security and network quality.
Read More →
Strong March freight demand combined with a spike in fuel costs pushed both spot and contract truckload rates to their highest levels in more than two years.
Read More →
Everyone’s talking about AI — but is your transportation management system actually built for it?
Read More →
Being part of KTG will allow Sharp to expand and improve its services.
Read More →
The Fair Compensation for Truck Crash Victims Act would increase insurance requirements for interstate motor carriers by nearly seven times.
Read More →
Strong freight rates push TCI to 10.2, but FTR expects fuel-price volatility to skew March results.
Read More →
C.H. Robinson is waiving fees on fuel cards and cash advances for April and May, aiming to help carriers offset rising diesel costs tied to geopolitical instability.
Read More →
Looking for trucking-related conventions, expos, and other events? Heavy Duty Trucking has developed this list of national and larger regional trucking shows and events.
Read More →