• Marten nearly doubles net income for 1Q

    Marten Transport Ltd, the Mondovi WI-based refrigerated truckload carrier, has recorded a 95.6% increase in net income for the quarter ended March 31, 2004.

    Marten Transport Ltd, the Mondovi WI-based refrigerated truckload carrier, has recorded a 95.6% increase in net income for the quarter ended March 31, 2004. The company totaled $2.7 million in the quarter, compared with $1.4 million for the same quarter of 2003.

    Operating revenue for the quarter rose 6.6% to $84.5 million from $79.3 million for the comparable quarter of 2003.

    Randolph L Marten, chairman and president, said, "Strong freight demand, improved freight selection, and disciplined operations helped us overcome the challenges of a tight driver market, high fuel prices, and an increase in insurance and claims. As a result, our operating ratio improved to 94.6% from 96.7% for the first quarter of 2003."

    About the Author

    from staff and wire reports

    Voice your opinion!

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

    Sign up for our free eNewsletters

    Latest from Refrigerated Transporter

    Orbcomm
    orbcommcrewviewbayviewinterface
    New onboard solution enables end-to-end visibility for smart refrigerated and dry van containers in real time while in transit.
    Optimal Dynamics
    Halvor Lines recently took a “data-driven leap forward” by partnering with Optimal Dynamics to automate and optimize freight decisions.
    A new partnership with Optimal Dynamics is helping the family-owned trucking company automate freight decisions across its complex enterprise network.
    Schmitz Cargobull
    From left to right are Alexander Thoma, Schmitz Cargobull head of refrigeration unit business; Volker Flatau, Schmitz Cargobull head of the cool freight product line; Frank Reppenhagen, Schmitz Cargobull West Europe region director; Dirk Mutlak, Tevex Logistics managing director; Andreas Schmitz, Schmitz Cargobull chairman and CEO; Rene Lemke, Schmitz Cargobull Bielefeld area sales manager; Sven Masuhr, Tevex Logistics head of carrier management; and Jonathan Steckel, Schmitz Cargobull head of product management.
    Germany-based Tevex is adding 166 new refrigerated vehicles to its fleet, including an all-electric S.KOe Cool box trailer and an ePTO-ready transport refrigeration unit.