• Marten Transport tallies operating results

    Marten Transport Ltd announced its financial and operating results for the quarter ended June 30, 2007.
    July 24, 2007

    Marten Transport Ltd announced its financial and operating results for the quarter ended June 30, 2007. The Mondovi WI-based refrigerated carrier’s operating revenue, consisting of revenue from truckload and logistics operations, increased 5.3% to $138.8 million in the second quarter of 2007 from $131.9 million in the 2006 quarter.

    For the six-month period of 2007, operating revenue rose 7.5% to $270.2 million from $251.4 million for the 2006 period. Truckload revenue gained 1.2% to $123.7 million from $122.2 million in the 2006 quarter. For the six-month period of 2007, truckload revenue climbed 2.9% to $241.9 million from $235.1 million for the 2006 period.

    For the second quarter ended June 30, 2007, net income decreased to $4.3 million from $7.5 million for the same quarter of 2006. For the six-month period of 2007, net income fell to $8.9 million from $12.6 million for the 2006 period. The second quarter and six-month period of 2006 included a one-time tax benefit of about $875,000.

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