Marten Transport, Ltd. has completed the sale of assets related to its intermodal business to Hub Group, Inc. for $51.8 million in cash. The transaction includes over 1,200 refrigerated containers and contracts. Marten Transport is a leading temperature-sensitive truckload carrier based in Mondovi, Wis., specializing in transporting food, beverages, and other goods requiring a temperature-controlled environment. The company operates in the U.S., Mexico, and Canada, focusing on expedited movements for high-volume customers. This sale marks a strategic move for both companies, enhancing their respective operations in the transportation industry.
Read more at GlobeNewswire: MARTEN TRANSPORT CLOSES ON THE SALE OF ASSETS RELATED TO
