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Marten Transport Ltd. has reported a near 50% improvement in net income for the second quarter of the year compared to a year ago.
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Two trucking fleets on Thursday reported increases in their first quarter net income compared to the same time a year earlier.
Read More →The California Air Resources Board has fined Marten Logistics and Roadrunner Transportation Systems for failing to verify that trucks hired or dispatched were compliant with the state’s truck emissions regulations.
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Refrigerated trucking company Marten Transport Ltd. on Thursday reported sharply higher profits for the final quarter of 2017 and for the full year.
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Three trucking fleets issued their third quarter earnings reports on Thursday, with two showing profits increasing significantly from the same time a year earlier, while the third was healthy but nearly the same as it was a year earlier.
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Marten Transport Ltd. on July 20 reported its second quarter net income increased 7.2% from a year earlier to $9.1 million, or 17 cents per share, which is 2 cents better than analysts' expectations.
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Profit for trucking and logistics provider Werner Enterprises Inc. fell 20% in the first quarter of the year compared to the same time in 2016 while refrigerated carrier Marten Transport Ltd. reported the same earnings as a year ago.
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Earnings reports from three more trucking fleets rolled in late Thursday afternoon, all showing lower earnings in the fourth quarter compared to the same time a year ago.
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UPDATED -- The third quarter earnings season continued on Thursday with the release of reports showing more trucking companies had lower earnings compared to a year ago, with another held on.
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Temperature-controlled carrier Marten Transport reported an increase in its second quarter earnings. Although it's another small gain, it did beat analysts' expectations.
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