The fourth quarter of 2014 was the best Marten Transport, Ltd.
ever had with the highest net income and operating revenue for
any quarter in its history.
According to a Tuesday announcement, net income improved 22.8
percent during the fourth quarter to a record $9 million, or 27
cents per diluted share, from $7.3 million, or 22 cents per
diluted share, for the fourth quarter of 2013. During 2014 net
income decreased to $29.8 million, or 89 cents per diluted
share, from $30.1 million, or 90 cents per diluted share, for
“We are pleased to announce our most profitable quarter ever, as
well as an operating ratio net of fuel surcharges that at 88.7
percent was our best quarterly performance in the last 10
years,” said Chairman and Chief Executive Officer Randolph L.
Marten in a statement. “In the face of a difficult driver
recruiting and retention environment, we successfully grew the
number of tractors for our Truckload and Dedicated segments by
78 tractors in this year’s fourth quarter and by 161 tractors in
2014. We continue to drive gains in our key operating measures
as our revenue per tractor increased 3.3 percent over last
year’s fourth quarter, our nineteenth consecutive quarterly
Marten Transport, with headquarters in Mondovi, is one of the
leading temperature-sensitive truckload carriers in the United
States. Marten specializes in transporting and distributing food
and other consumer packaged goods that require a
temperature-controlled or insulated environment.