{"id":838051,"date":"2025-04-16T08:50:15","date_gmt":"2025-04-16T12:50:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/"},"modified":"2025-04-16T08:50:15","modified_gmt":"2025-04-16T12:50:15","slug":"marten-transport-announces-first-quarter-results-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/","title":{"rendered":"Marten Transport Announces First Quarter Results"},"content":{"rendered":"
\n

MONDOVI, Wis., April 16, 2025 (GLOBE NEWSWIRE) — Marten Transport, Ltd. (Nasdaq\/GS:MRTN) today reported net income of $4.3 million, or 5 cents per diluted share, for the first quarter ended March 31, 2025, compared with $9.6 million, or 12 cents per diluted share, for the first quarter of 2024.<\/p>\n

Operating revenue was $223.2 million for the first quarter of 2025 compared with $249.7 million for the first quarter of 2024. Excluding fuel surcharges, operating revenue was $195.8 million for the 2025 quarter compared with $215.7 million for the 2024 quarter. Fuel surcharge revenue decreased to $27.4 million for the 2025 quarter from $33.9 million for the 2024 quarter.<\/p>\n

Operating income was $5.9 million for the first quarter of 2025 compared with $12.3 million for the first quarter of 2024.<\/p>\n

Operating expenses as a percentage of operating revenue were 97.4% for the 2025 first quarter and 95.1% for the 2024 first quarter. Operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharges, were 97.0% for the 2025 first quarter and 94.3% for the 2024 first quarter.<\/p>\n

Executive Chairman Randolph L. Marten stated, \u201cOur unique multifaceted business model\u2019s value is highlighted by the operating results of our dedicated and brokerage operations for this quarter and throughout last year. Our earnings have continued to be heavily pressured by the considerable duration and depth of the freight market recession\u2019s oversupply and weak demand – and the cumulative impact of inflationary operating costs, freight rate reductions and freight network disruptions.\u201d<\/p>\n

\u201cWe remain focused on minimizing the freight market\u2019s impact \u2013 and now the impact of the U.S. and global economies with the current trade policy volatility – while investing in and positioning our operations to capitalize on profitable organic growth opportunities, with fair compensation for our premium services, across each of our business segments.\u201d<\/p>\n

\u201cWe are pleased to recently be certified by the Truckload Carriers Association, or TCA, as a TCA Elite Fleet \u2013 2025 Best Place to Drive.\u201d The TCA partnered with the University of Denver\u2019s Transportation and Supply Chain Institute to recognize North American for-hire truckload carriers that foster exceptional work environments, offer competitive compensation and implement innovative practices to support their drivers.<\/p>\n

\n Current Investor Presentation<\/a>\n <\/p>\n

Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted business offering a network of time and temperature-sensitive and dry truck-based transportation and distribution capabilities across Marten\u2019s six distinct business platforms \u2013 Temperature-Sensitive and Dry Truckload, Dedicated, Intermodal, Brokerage and MRTN de Mexico. Marten is one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food, beverages and other consumer packaged goods that require a temperature-controlled or insulated environment. The Company offers service in the United States, Mexico and Canada, concentrating on expedited movements for high-volume customers. Marten\u2019s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.<\/p>\n

This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include a discussion of Marten\u2019s prospects for future growth, including the impact of the freight market and U.S. and global economies with the current trade policy volatility, and by their nature involve substantial risks and uncertainties, and actual results may differ materially from those expressed in such forward-looking statements. Important factors known to the Company that could cause actual results to differ materially from those discussed in the forward-looking statements are discussed in Part I, Item 1A of the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2024. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

CONTACTS: Tim Kohl, Chief Executive Officer, Doug Petit, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
MARTEN TRANSPORT, LTD.<\/td>\n\u00a0<\/td>\n<\/tr>\n
CONSOLIDATED CONDENSED BALANCE SHEETS<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
(In thousands, except share information)<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
ASSETS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n39,905<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,267<\/td>\n\u00a0<\/td>\n<\/tr>\n
Receivables:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n95,250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,992<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,724<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,364<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,621<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,888<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n138,511<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property and equipment:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue equipment, buildings and land, office equipment and other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,199,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,198,737<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated depreciation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(380,321<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(370,124<\/td>\n)<\/td>\n<\/tr>\n
Net property and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n819,057<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n828,613<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other noncurrent assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,775<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,633<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n983,332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n968,757<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
LIABILITIES AND STOCKHOLDERS\u2019 EQUITY<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable<\/td>\n\u00a0<\/td>\n$<\/td>\n37,783<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,781<\/td>\n\u00a0<\/td>\n<\/tr>\n
Insurance and claims accruals<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,486<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,246<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued and other current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,354<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,492<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,623<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,519<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105,824<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n107,034<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncurrent operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n385<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n282<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n215,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n200,835<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders\u2019 equity:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Preferred stock, $.01 par value per share; 2,000,000 shares authorized; no shares issued and outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, $.01 par value per share; 192,000,000 shares authorized; 81,493,424 shares at March 31, 2025, and 81,463,938 shares at December 31, 2024, issued and outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n815<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n815<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,073<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,941<\/td>\n\u00a0<\/td>\n<\/tr>\n
Retained earnings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n713,612<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n714,166<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n767,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n767,922<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n$<\/td>\n983,332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n968,757<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n MARTEN TRANSPORT, LTD.<\/strong>
\n
\n CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS<\/strong>
\n
\n (Unaudited)<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nThree\u00a0Months<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nEnded March 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
(In thousands, except per share information)<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating revenue<\/td>\n\u00a0<\/td>\n$<\/td>\n223,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n249,672<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses (income):<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Salaries, wages and benefits<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n88,762<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchased transportation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,814<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fuel and fuel taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,117<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39,561<\/td>\n\u00a0<\/td>\n<\/tr>\n
Supplies and maintenance<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,513<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,070<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,470<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,527<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating taxes and licenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,417<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,575<\/td>\n\u00a0<\/td>\n<\/tr>\n
Insurance and claims<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,377<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,657<\/td>\n\u00a0<\/td>\n<\/tr>\n
Communications and utilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,279<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,371<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on disposition of revenue equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,665<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,171<\/td>\n)<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,329<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,256<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total operating expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n217,293<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n237,422<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,859<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,250<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(349<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(796<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income before income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,046<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income taxes expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,873<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,400<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n4,335<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,646<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic earnings per common share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.05<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.12<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per common share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.05<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.12<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dividends declared per common share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n MARTEN TRANSPORT, LTD.<\/strong>
\n
\n SEGMENT INFORMATION<\/strong>
\n
\n (Unaudited)<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nDollar<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nPercentage<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nChange<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nChange<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nThree Months<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nThree Months<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nThree Months<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nEnded<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nEnded<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nEnded<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nMarch 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
(Dollars in thousands)<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025 vs. 2024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025 vs. 2024<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating revenue:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Truckload revenue, net of fuel surcharge revenue<\/td>\n\u00a0<\/td>\n$<\/td>\n90,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n95,022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(4,916<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5.2<\/td>\n)%<\/td>\n<\/tr>\n
Truckload fuel surcharge revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,285<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,529<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,244<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13.6<\/td>\n)<\/td>\n<\/tr>\n
Total Truckload revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n111,551<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,160<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6.4<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dedicated revenue, net of fuel surcharge revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,405<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71,738<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,333<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13.0<\/td>\n)<\/td>\n<\/tr>\n
Dedicated fuel surcharge revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,220<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,722<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,502<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(23.8<\/td>\n)<\/td>\n<\/tr>\n
Total Dedicated revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,625<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n86,460<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,835<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14.8<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intermodal revenue, net of fuel surcharge revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,268<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,281<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,013<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22.7<\/td>\n)<\/td>\n<\/tr>\n
Intermodal fuel surcharge revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,849<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(842<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(31.3<\/td>\n)<\/td>\n<\/tr>\n
Total Intermodal revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,117<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,972<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,855<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(24.1<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Brokerage revenue<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,019<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,689<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,670<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.5<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total operating revenue<\/td>\n\u00a0<\/td>\n$<\/td>\n223,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n249,672<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(26,520<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10.6<\/td>\n)%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating income\/(loss):<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Truckload<\/td>\n\u00a0<\/td>\n$<\/td>\n(300<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n489<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(789<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(161.3<\/td>\n)%<\/td>\n<\/tr>\n
Dedicated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,854<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,258<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,404<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47.6<\/td>\n)<\/td>\n<\/tr>\n
Intermodal<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(855<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(194<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(661<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(340.7<\/td>\n)<\/td>\n<\/tr>\n
Brokerage<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,160<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,697<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(537<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(19.9<\/td>\n)<\/td>\n<\/tr>\n
Total operating income<\/td>\n\u00a0<\/td>\n$<\/td>\n5,859<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(6,391<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(52.2<\/td>\n)%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating ratio:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Truckload<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dedicated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intermodal<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n107.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n101.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Brokerage<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Consolidated operating ratio<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n97.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n95.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating ratio, net of fuel surcharges:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Truckload<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dedicated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intermodal<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n108.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n101.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Brokerage<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Consolidated operating ratio, net of fuel surcharges<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n97.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n MARTEN TRANSPORT, LTD.<\/strong>
\n
\n OPERATING STATISTICS<\/strong>
\n
\n (Unaudited)<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nThree Months<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nEnded March 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n<\/tr>\n
Truckload Segment:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue (in thousands)<\/td>\n\u00a0<\/td>\n$<\/td>\n104,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n111,551<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average revenue, net of fuel surcharges, per tractor per week(1)<\/sup><\/td>\n\u00a0<\/td>\n$<\/td>\n4,196<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,996<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average tractors(1)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,670<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,830<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average miles per trip<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n537<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n537<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-revenue miles percentage(2)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.6<\/td>\n%<\/td>\n<\/tr>\n
Total miles (in thousands)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,273<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39,703<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dedicated Segment:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue (in thousands)<\/td>\n\u00a0<\/td>\n$<\/td>\n73,625<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n86,460<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average revenue, net of fuel surcharges, per tractor per week(1)<\/sup><\/td>\n\u00a0<\/td>\n$<\/td>\n3,846<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,781<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average tractors(1)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,262<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,459<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average miles per trip<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n308<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n329<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-revenue miles percentage(2)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.1<\/td>\n%<\/td>\n<\/tr>\n
Total miles (in thousands)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,236<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,080<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intermodal Segment:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue (in thousands)<\/td>\n\u00a0<\/td>\n$<\/td>\n12,117<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,972<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loads<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,657<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,589<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average tractors<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n126<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Brokerage Segment:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue (in thousands)<\/td>\n\u00a0<\/td>\n$<\/td>\n33,019<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35,689<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loads<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,416<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,061<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
At March 31, 2025 and March 31, 2024:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total tractors(1)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,406<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average age of company tractors (in years)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total trailers<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,331<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,619<\/td>\n\u00a0<\/td>\n<\/tr>\n
Average age of company trailers (in years)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
Ratio of trailers to tractors(1)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total refrigerated containers<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n786<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n787<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\nThree Months<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nEnded March 31,<\/td>\n\u00a0<\/td>\n<\/tr>\n
(In thousands)<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by operating activities<\/td>\n\u00a0<\/td>\n$<\/td>\n36,215<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n45,722<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash (used for) investing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,413<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(20,249<\/td>\n)<\/td>\n<\/tr>\n
Net cash (used for) financing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,164<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,956<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average shares outstanding:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81,493<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81,350<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81,508<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81,437<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n
(1)<\/td>\n\u00a0<\/td>\nIncludes tractors driven by both company-employed drivers and independent contractors. Independent contractors provided 82 and 96 tractors as of March 31, 2025 and 2024, respectively.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(2)<\/td>\n\u00a0<\/td>\nRepresents the percentage of miles for which the company is not compensated.<\/td>\n<\/tr>\n<\/table>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MONDOVI, Wis., April 16, 2025 (GLOBE NEWSWIRE) — Marten Transport, Ltd. (Nasdaq\/GS:MRTN) today reported net income of $4.3 million, or 5 cents per diluted share, for the first quarter ended March 31, 2025, compared with $9.6 million, or 12 cents per diluted share, for the first quarter of 2024. Operating revenue was $223.2 million for the first quarter of 2025 compared with $249.7 million for the first quarter of 2024. Excluding fuel surcharges, operating revenue was $195.8 million for the 2025 quarter compared with $215.7 million for the 2024 quarter. Fuel surcharge revenue decreased to $27.4 million for the 2025 quarter from $33.9 million for the 2024 quarter. Operating income was $5.9 million for the first quarter of 2025 compared … <\/p>\n

Continue reading “Marten Transport Announces First Quarter Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-838051","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMarten Transport Announces First Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marten Transport Announces First Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MONDOVI, Wis., April 16, 2025 (GLOBE NEWSWIRE) — Marten Transport, Ltd. (Nasdaq\/GS:MRTN) today reported net income of $4.3 million, or 5 cents per diluted share, for the first quarter ended March 31, 2025, compared with $9.6 million, or 12 cents per diluted share, for the first quarter of 2024. Operating revenue was $223.2 million for the first quarter of 2025 compared with $249.7 million for the first quarter of 2024. Excluding fuel surcharges, operating revenue was $195.8 million for the 2025 quarter compared with $215.7 million for the 2024 quarter. Fuel surcharge revenue decreased to $27.4 million for the 2025 quarter from $33.9 million for the 2024 quarter. 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(Nasdaq\/GS:MRTN) today reported net income of $4.3 million, or 5 cents per diluted share, for the first quarter ended March 31, 2025, compared with $9.6 million, or 12 cents per diluted share, for the first quarter of 2024. Operating revenue was $223.2 million for the first quarter of 2025 compared with $249.7 million for the first quarter of 2024. Excluding fuel surcharges, operating revenue was $195.8 million for the 2025 quarter compared with $215.7 million for the 2024 quarter. Fuel surcharge revenue decreased to $27.4 million for the 2025 quarter from $33.9 million for the 2024 quarter. Operating income was $5.9 million for the first quarter of 2025 compared … Continue reading \"Marten Transport Announces First Quarter Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-16T12:50:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMjg2NyM2ODYxODIyIzIwMjYzNzQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Marten Transport Announces First Quarter Results","datePublished":"2025-04-16T12:50:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/"},"wordCount":1135,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMjg2NyM2ODYxODIyIzIwMjYzNzQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/marten-transport-announces-first-quarter-results-4\/","name":"Marten Transport Announces First Quarter Results - 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