Marten carries off solid profits year-to-date

Oct. 17, 2003
Marten Transport Ltd, the Mondovi WI-based refrigerated truckload carrier, has announced its financial results for the third quarter and nine months ended
Marten Transport Ltd, the Mondovi WI-based refrigerated truckload carrier, has announced its financial results for the third quarter and nine months ended Sept 30, 2003.

Operating revenue for third-quarter 2003 increased 14.9% to $85.9 million from $74.7 million for the same quarter of 2002. For the nine months ended Sept 30, 2003, operating revenue climbed 15.1% to $249.4 million from $216.8 million for the comparable period of 2002.

Net income for 2003's third quarter surged 84.3% to $3.4 million from $1.9 million for the same quarter of 2002. For the first nine months of 2003, net income advanced 55.2% to $8.4 million from $5.4 million for the period a year ago.

Randolph L Marten, chairman and president, said, "The third quarter was very strong for our company. Our financial results improved as a result of stronger shipping demand, disciplined freight selection by our operations personnel, and continued cost control efforts."

About the Author

from staff and wire reports

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!