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 has declared a special cash dividend of $0.50 per share and a regular quarterly dividend of $0.04 per share, payable on December 28, 2020, to stockholders of record by December 14, 2020. This marks the 42nd consecutive quarterly dividend and reflects the company's strong financial position and commitment to stockholder value. Since initiating its dividend program in Q3 2010, Marten has paid out a total of $138.3 million in cash dividends, including $52.1 million in special dividends in previous years.
Marten Transport reported an 8.8% increase in net income for Q3 2020, totaling $18.0 million or 22 cents per diluted share, compared to $16.6 million in Q3 2019. Operating income rose 21.8% to $24.4 million. For the first nine months of 2020, net income improved 10.1% to $49.9 million, with operating revenue increasing 3.3% to $647.0 million. Fuel surcharge revenue declined significantly due to lower fuel prices. The company’s operating ratio improved, indicating strong operational efficiency.
Marten Transport, Ltd. (MRTN) reported a 19.4% increase in net income to $18.1 million (33 cents per diluted share) for Q2 2020 compared to $15.2 million (28 cents per diluted share) in Q2 2019. For 1H 2020, net income rose 10.8% to $31.9 million (58 cents per diluted share). The company declared a three-for-two stock split and a quarterly cash dividend of $0.04 per share, effective August 13, 2020. Operating revenue was $212.4 million, a slight 0.1% increase, while operating income grew 26.6% to a record $25.3 million.
Marten Transport (Nasdaq/GS:MRTN) declared its quarterly cash dividend of $0.04 per share, to be paid on June 30, 2020, to shareholders recorded by June 16, 2020. This marks Marten's 40th consecutive quarterly dividend, contributing to a total of $90.3 million in cash dividends since the program started in 2010, with special dividends of $52.1 million in both 2019 and 2012. Marten is a leader in temperature-sensitive truckload transport across the U.S., Canada, and Mexico, focusing on expedited service for high-volume customers.