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 Transport, Ltd. (NASDAQ: MRTN) is a Mondovi, Wisconsin-based transportation and logistics company focused on time- and temperature-sensitive and dry truck-based freight. This news page aggregates company press releases and other coverage so readers can review Marten Transport’s latest public communications in one place.
According to its own disclosures, Marten Transport is one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting food, beverages and other consumer packaged goods that require a temperature-controlled or insulated environment. The company offers service in the United States, Mexico and Canada and concentrates on expedited movements for high-volume customers, which often leads to news related to freight demand, operating conditions and segment performance.
Visitors to this page can expect MRTN news that includes quarterly and annual earnings releases, segment information for Truckload, Dedicated, Intermodal and Brokerage operations, and commentary from management on freight market conditions and operating strategy. The company’s announcements also cover corporate actions such as the sale of assets related to its intermodal business to Hub Group, Inc., leadership changes at the chief executive level, and regular quarterly cash dividend declarations on its common stock.
Because Marten Transport reports on its multifaceted business model and specialized temperature-sensitive services, its news flow provides insight into trends affecting refrigerated and dry truckload freight across North America. Investors and followers of MRTN stock can use this page to review the company’s official statements, financial updates and strategic developments over time.
Marten Transport reported a net income increase of 3.2% to $25.5 million for Q4 2022, continuing its sixteenth consecutive quarter of year-over-year profit growth. For the year, net income rose 29.2% to $110.4 million, with $1.264 billion in total operating revenue, marking the highest revenue in Marten's history. Operating income also improved by 28.3% to $143.3 million. The company achieved the best operating ratio since going public in 1986, at 86.4% for 2022. Fuel surcharge revenue was significantly higher, reflecting rising fuel prices, yet operating expenses as a percentage of revenue remained stable.
Marten Transport, Ltd. (Nasdaq/GS:MRTN) has announced a quarterly cash dividend of $0.06 per share, payable on December 27, 2022. This marks the company's 50th consecutive quarterly dividend, contributing to a total of $212.6 million paid since the inception of its dividend program in 2010. Marten specializes in temperature-sensitive transportation across the U.S., Mexico, and Canada, focusing on expedited services for high-volume customers. The company remains a leader in the truckload sector.
Marten Transport, Ltd. (MRTN) reported a robust 20.6% year-over-year increase in net income for Q3 2022, reaching $25.6 million, or 32 cents per diluted share. For the first nine months, net income rose 39.8% to $84.8 million. Operating revenue surged 29.1% to $324.4 million, with a notable 21.8% increase when excluding fuel surcharges. Operating income also improved by 18.5% to $33.8 million. Despite challenges like Hurricane Ian and rail service issues, the company continues its strong fleet growth, increasing its driver count by 22.6% since mid-2021.
Marten Transport declared a quarterly cash dividend of $0.06 per share, payable on September 30, 2022, to stockholders recorded by September 16, 2022. This marks the company’s 49th consecutive quarterly dividend.
Since initiating its dividend program in the third quarter of 2010, Marten has distributed a total of $207.7 million in cash dividends, including $134.9 million in special dividends from 2012 to 2021. Marten operates across five business platforms, focusing on temperature-sensitive transportation for food and consumer goods.
Marten Transport reported record operating revenue and income for Q2 2022, with net income rising 47.8% to $31.7 million, or 39 cents per share. Compared to Q2 2021, operating revenue surged 41.8% to $329.6 million, the highest in the company's history. Excluding fuel surcharges, revenue increased 32.1% to $269.1 million. Operating income also reached a record $40.9 million, a 43.5% year-over-year growth. The company repurchased 963,000 shares for $16.8 million in Q2 2022, reflecting confidence in financial strength and commitment to shareholder value.
Marten Transport has declared a quarterly cash dividend of $0.06 per share and increased its share repurchase program to $50 million, aiming to buy back approximately 3.1 million shares. In Q1 2022, the company repurchased and retired 1.3 million shares for $25 million. This dividend marks Marten's 48th consecutive payout, totaling $202.9 million in cash dividends since 2010. The company operates across various platforms, focusing on temperature-sensitive logistics in the U.S., Mexico, and Canada.
Marten Transport, Ltd. (MRTN) reports record-breaking results for Q1 2022, with net income up 52.9% to $27.5 million, or 33 cents per share, compared to the same period in 2021. Operating revenue reached $287.3 million, a 28.8% increase year-over-year, marking the highest quarterly revenue in the company’s history. Operating income also hit a record at $35.9 million, a 49.4% rise from Q1 2021. The operating ratio improved to 87.5%, showcasing operational efficiency. Marten continued to expand, adding 128 drivers and 95 refrigerated containers, and intensified shareholder value with a 50% dividend increase and $25 million in share repurchases.
Marten Transport, Ltd. (MRTN) has announced a 50% increase in its quarterly cash dividend to $0.06 per share, up from $0.04. This dividend will be payable on March 31, 2022, to shareholders recorded by March 17, 2022. This marks Marten's 47th consecutive quarterly dividend and brings the total dividends paid to $198.0 million, including $134.9 million in special dividends since 2010. The company provides temperature-sensitive trucking services across the U.S., Canada, and Mexico.
Marten Transport, Ltd. (Nasdaq: MRTN) has successfully begun transporting dry van products between Mexico and the U.S., with the first load delivered on February 11, 2022. This new service aims to enhance the profitability of Marten’s existing dry truckload operations. The expansion includes new facilities in Dallas, Laredo, and Otay Mesa, broadening their service from current terminals in Atlanta, Kansas City, Tampa, and Phoenix. Marten is recognized for its refrigerated and dry truck transportation, focusing on temperature-sensitive goods across the U.S., Canada, and Mexico.
Marten Transport reported record operating revenue and income for 2021, with a 26.1% rise in net income to $24.7 million for Q4, and a 22.9% increase to $85.4 million for the year. Operating revenue surged 17.4% to $266.9 million for Q4 and rose 11.4% to $973.6 million for the year. Fuel surcharge revenue significantly increased due to higher fuel prices. Operating expenses improved as a percentage of revenue, indicating enhanced efficiency. Marten's robust performance signals strong growth potential in the transportation sector.