Marten Transport’s second-quarter performance mirrored the same quarter in 2024, with revenue down 6.6%, fewer tractors and trailers, and decreased miles driven in its Truckload and Dedicated segments. Net income dropped about 9%, but some operating measures improved.

Operating ratios improved in Marten’s Truckload segment but deteriorated in its Dedicated, intermodal, and brokerage segments. Company-wide, the operating ratio remained consistent year-over-year at 95.2%.

Marten’s balance sheet strengthened, with cash and cash equivalents doubling from the end of 2024. Expenses like salaries and wages decreased, while purchased transportation costs remained steady.

Despite challenging market conditions, Marten’s Dedicated and Brokerage segments saw lower operating income year-over-year. However, on a dollar basis, both segments produced more income than Truckload and had lower operating ratios.

Marten’s stock showed no significant reaction to the earnings release, with the company acknowledging pressures from the freight market recession and rising costs. Insurance expenses were notably higher in the second quarter.

Marten remains focused on minimizing market impacts and investing in growth opportunities. The company anticipates benefiting from increased industry exits due to English language proficiency regulations.

Overall, Marten’s smaller size was reflected in its financials and operating performance, with a focus on balancing challenges and capitalizing on growth opportunities in the trucking industry.

Read more at Yahoo Finance: A smaller Marten turns in a second quarter of 2025 much like a year earlier