Marten Transport Announces First Quarter Results
From GlobeNewswire: 2025-04-16 08:45:00
Marten Transport, Ltd. reported a net income of $4.3 million for the first quarter of 2025, a decrease from $9.6 million in the same period last year. Operating revenue was $223.2 million, down from $249.7 million in 2024. Operating income was $5.9 million, a drop from $12.3 million in the first quarter of 2024. The company’s operating expenses as a percentage of revenue were 97.4% in 2025, compared to 95.1% in 2024. Marten Transport continues to face challenges due to the freight market recession and global economic uncertainties. The company was recently named a TCA Elite Fleet for its exceptional work environment and driver support practices.
Marten Transport, Ltd., headquartered in Mondovi, Wis., specializes in temperature-sensitive truckload transportation for food, beverages, and other consumer goods. The company operates across the United States, Mexico, and Canada, with a focus on expedited movements for high-volume customers. Despite challenges from the freight market recession, Marten Transport remains committed to minimizing impacts and investing in growth opportunities. The company’s consolidated balance sheet for March 31, 2025, shows total assets of $983.3 million and total liabilities of $215.8 million. Net income for the first quarter of 2025 was $4.3 million, with basic earnings per share of 5 cents and diluted earnings per share also at 5 cents.
Read more at GlobeNewswire: Marten Transport Announces First Quarter Results