Marten Transport sells intermodal operations to Hub Group for $51.8 million due to consistent operating ratios over 100%. Hub Group celebrates acquisition, doubling temperature-controlled container fleet. Marten’s intermodal group struggled financially, with revenue declining to $10 million in Q2 2025. Sale seen as part of Marten’s strategy to focus on profitable growth opportunities.

Hub Group expects immediate accretion from acquisition of Marten’s intermodal operations. Total refrigerated volume in 2024 was $47 million, rising to $26.4 million in the first half of 2025. Refrigerated intermodal pricing and margins are higher, and full refrigerated fleet is now operational.

Read more at Yahoo Finance: Marten sells intermodal unit to HubGroup, which grows its refrigerated footprint