The temperature-sensitive truckload carrier’s operating revenues climbed almost 15 percent.
Marten Transport Ltd. recorded a net income of $13.7 million, or 25 cents per diluted share, for the second quarter of 2018, a sharp increase from $9.1 million, or 17 cents per diluted share, for last year’s second quarter, according to the company’s latest financial statements.
Mondovi, Wis.-based Marten Transport is a temperature-sensitive truckload carrier offering services in the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers.
The company’s operating revenues for the second quarter of 2018 rose 14.9 percent year-over-year to $197 million — comprised of $94.4 million from the truckload segment, $57 million from the dedicated segment, $25.5 million from the intermodal segment and $20.2 million from the brokerage segment.
As of June 30, Marten Transport had a total of 2,761 tractors, including 52 provided by independent contractors, with an average age of 1.6 years and 5,402 trailers with an average age of 2.6 years.
Marten’s net income moves up nearly 50 percent
