Welcome to our dedicated page for Marten Trans news (Ticker: MRTN), a resource for investors and traders seeking the latest updates and insights on Marten Trans stock.
Marten Trans Ltd. (MRTN) delivers temperature-controlled transportation solutions for perishable goods across North America. This news hub provides investors and industry professionals with essential updates on corporate developments, operational milestones, and strategic initiatives shaping the logistics sector.
Access timely press releases covering earnings announcements, fleet expansions, technology implementations, and partnership agreements. Our curated collection enables efficient tracking of MRTN's performance across key segments including Truckload services, Dedicated contract carriage, and Intermodal operations.
Discover official updates on sustainability initiatives, regulatory compliance measures, and market expansion efforts. All content is sourced directly from company communications to ensure accuracy and relevance for financial analysis and competitive research.
Bookmark this page for continuous access to Marten Trans' latest developments in temperature-sensitive logistics. Monitor critical updates affecting the transportation of food products and consumer packaged goods through one centralized, reliable resource.
Marten Transport (Nasdaq/GS:MRTN) has declared its 58th consecutive quarterly cash dividend of $0.06 per share of common stock. The dividend will be paid on December 27, 2024, to stockholders of record as of December 13, 2024. Since implementing its dividend program in 2010, Marten has distributed $251.6 million in total cash dividends, including $134.9 million in special dividends across 2012, 2019, 2020, and 2021. The company operates as a leading temperature-sensitive truckload carrier across five business platforms: Truckload, Dedicated, Intermodal, Brokerage, and MRTN de Mexico.
Marten Transport (Nasdaq: MRTN) reported its third quarter 2024 results, showing a significant decline in financial performance compared to the same period in 2023. Key highlights include:
- Net income decreased to $3.8 million ($0.05 per diluted share) from $13.6 million ($0.17 per diluted share) in Q3 2023
- Operating revenue fell to $237.4 million from $279.5 million in Q3 2023
- Operating income dropped to $4.3 million from $17.2 million in Q3 2023
- Operating expenses as a percentage of operating revenue increased to 98.2% from 93.8% in Q3 2023
The company attributed the decline to the prolonged freight market recession, characterized by oversupply and weak demand, as well as inflationary operating costs and freight rate reductions. Despite these challenges, Marten Transport noted increased interest in dedicated capacity and the addition of new multi-year dedicated programs.
Marten Transport (Nasdaq: MRTN) has declared its 57th consecutive quarterly cash dividend of $0.06 per share of common stock. The dividend will be paid on September 30, 2024, to stockholders of record as of September 16, 2024. With this payment, Marten will have distributed a total of $246.7 million in cash dividends since implementing its dividend program in 2010, including $134.9 million in special dividends across 2012, 2019, 2020, and 2021.
Marten Transport, headquartered in Mondovi, Wisconsin, is a leading temperature-sensitive truckload carrier in the United States. The company offers diverse transportation services across five business platforms: Truckload, Dedicated, Intermodal, Brokerage, and MRTN de Mexico, serving the United States, Mexico, and Canada.
Marten Transport (MRTN) reported a significant decline in financial performance for Q2 2024. Net income dropped to $7.9 million ($0.10 per diluted share) from $21.9 million ($0.27 per diluted share) in Q2 2023. Operating revenue decreased to $246.2 million from $285.7 million year-over-year. Excluding fuel surcharges, revenue fell to $213.5 million from $248.6 million.
The company attributed the downturn to the freight market recession, characterized by oversupply, weak demand, inflationary operating costs, and freight rate reductions. Despite challenges, Marten's dedicated, brokerage, and MRTN de Mexico operations showed resilience. The company is focusing on minimizing market impact while positioning for future growth opportunities.
Marten Transport, (Nasdaq: MRTN) declared a regular quarterly cash dividend of $0.06 per share of common stock, marking its 56th consecutive dividend payment. The total cash dividends paid now amount to $241.9 million with additional special dividends since 2010. Marten Transport operates in various transportation segments, specializing in temperature-sensitive truckload services in the U.S., Mexico, and Canada.
FAQ
What is the current stock price of Marten Trans (MRTN)?
What is the market cap of Marten Trans (MRTN)?
