Marten Transport Q4 Profit Halves on Freight Market Weakness
Top Executive Sees Improvement in 2025, Eyes Coming Equilibrium
Marten’s Q4 profit and revenue were down, but it was the first time since Q2 2022 that the company saw sequential improvement in net income, operating income and operating ratio, and net of fuel surcharges. (Marten Transport)
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Profit at Marten Transport more than halved in the fourth quarter of 2024 as ongoing weakness in the freight environment hurt revenues and margins.
However, the Mondovi, Wis.-based carrier’s top executive, like many of his peers, sees some light at the end of the tunnel.
Marten reported net income of $5.6 million, or 7 cents per diluted share, in the three months that ended Dec. 31, compared with $12.4 million, 15 cents, a year earlier. The carrier’s revenue in Q4 totaled $230.4 million, down 14.1% compared with $268.2 million in Q4 2023.
Marten’s overall operating ratio came in at 97.1 in the most recent quarter, compared with 94.2 a year earlier. Operating ratio provides insight on how well a company is balancing its costs and revenue generation. T…
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