Marten Transport reports record income, operating revenue

Special to The Freeman

Jan. 27, 2015

MONDOVI — 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 2013.

“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 increase.”

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.