The temperature-sensitive truckload carrier’s net income for 2015 surged 19.8 percent year-over-year to $35.7 million.
Marten Transport, Ltd.’s net income for the fourth quarter of 2015 totaled $8.8 million, a 2 percent decline from the fourth quarter of 2014, according to the temperature-sensitive truckload carrier’s most recent unaudited financial statements.
Diluted earnings per share for the quarter were $0.26 per diluted share, a slight drop from $0.27 per diluted share in the fourth quarter of 2014.
While total operating revenues for the quarter saw a 2.8 percent year-over-year decline to $168.8 million, operating revenues, net of fuel surcharges jumped 6.6 percent year-over-year to $154.0 million.
For the full year in 2015, Marten Transport’s net income surged 19.8 percent from 2014 to $35.7 million.
The company increased diluted earnings per share to $1.06 per diluted share for 2015, compared to $0.89 per diluted share in 2014.
Total operating revenues for 2015 reached $665 million, a 1.2 percent year-over-year decline. Operating revenues, net of fuel surcharges for the year totaled $592.6 million, an 8.2 percent increase from the previous year.
“In 2015, we organically grew our truckload and dedicated revenue, net of fuel surcharges, by 9.7 percent; our brokerage revenue by 24.8 percent; and our intermodal revenue, net of both fuel surcharges and revenue from our discontinued dry container service, by 14.2 percent while improving our operating ratio and earning the highest net income for any year in our history,” Marten Transport Chairman and CEO Randolph L. Marten said of the results. “We are confident in our ability to drive continued profitable growth across all of our business units in 2016.”
Headquartered in Mondovi, Wis., Marten Transport provides full truckload services in the United States (to all of the lower 48 states), Canada and Mexico.
Marten Transport posts strong 2015 financial results
