Marten Transport Ltd. SEC filings document the company’s public-company reporting for its temperature-sensitive and dry truck-based transportation business. Recent Form 8-K reports furnish quarterly and annual financial results, including operating revenue, fuel surcharge revenue, operating expenses and Regulation G reconciliations for non-GAAP measures that exclude fuel surcharge effects.
The filing record also includes proxy materials for annual stockholder meeting matters, board governance and common-stock voting procedures, along with material-event disclosures covering executive transition arrangements and related employment separation terms. These filings identify Marten’s common stock as listed on the Nasdaq Global Select Market under MRTN.
Marten Transport (MRTN) reported third-quarter 2026 net income of $2.9 million, or $0.04 per diluted share, up 30.7% from $2.2 million and $0.03 a year earlier. Operating income was $3.1 million, up 11.9% from $2.7 million. Operating revenue was $223.2 million versus $220.5 million; excluding fuel surcharges, revenue was $184.2 million versus $194.0 million.
For the first nine months, net income was $9.6 million versus $13.7 million, operating income was $11.6 million versus $18.3 million, and operating revenue was $650.3 million versus $673.5 million. The company said net fuel costs were $3.5 million above first-half quarterly averages and health insurance costs were $2.0 million higher; driver-pay increases reduced results by $1.0 million, while a larger gain on revenue equipment sales provided a $1.5 million benefit. These factors collectively reduced third-quarter net income by $3.7 million, or 4.5 cents per share. Truckload average rate per total mile, net of fuel surcharges, increased 14.1% year over year. The company described its balance sheet as debt-free.
Marten Transport, Ltd. (MRTN) disclosed that on August 19, 2026 it entered into a Second Amendment to its existing credit agreement with U.S. Bank National Association and other banks. The amendment updates margins for Term SOFR advances, extends the facility’s term to August 19, 2031, and adjusts key limits.
The amendment increases the letters-of-credit sublimit to $50 million, decreases the maximum aggregate principal amount from $105 million to $100 million, and provides for a Second Amended and Restated Revolving Note of up to $50 million. Earlier amendments had raised the original $30 million unsecured revolving facility and its letter-of-credit capacity.
Marten Transport reported softer results for the quarter and six months ended June 30, 2026. Second‑quarter operating revenue was $223.5 million, down 2.8% year over year, and net income declined to $5.3 million, with diluted EPS of $0.07. The operating ratio worsened to 96.9%, reflecting margin pressure despite higher fuel surcharge revenue.
For the first half of 2026, operating revenue fell 5.7% to $427.1 million and net income dropped 41.7% to $6.7 million, or $0.08 per diluted share, as Dedicated and Intermodal revenue declined and gains on equipment sales decreased, while fuel expense rose faster than surcharges. Truckload revenue grew modestly, and Brokerage revenue increased, but both segments operated with higher operating ratios.
Liquidity remains strong: Marten held about $109.0 million in cash and escrow at June 30, 2026, with no long‑term debt and a $35.0 million unsecured credit facility fully undrawn except for standby letters of credit. The company paid $0.06 per share in quarterly dividends (totaling $9.8 million year‑to‑date), maintains $33.2 million of remaining share repurchase authorization, and has committed to significant tractor and trailer purchases through 2027, while also facing ongoing self‑insured claims exposure and several wage‑and‑hour lawsuits whose ultimate outcomes remain uncertain.
Marten Transport Ltd reported that Chairman and CEO Randolph L. Marten made a bona fide gift of 1,200 shares of common stock on 2026-07-30 at a reported price of $0.00 per share. After this disposition, he directly owned 17,742,900 shares, which include multiple tranches of unvested shares granted under Performance Award Agreements vesting between 12/31/2026 and 12/31/2030.
Marten Transport reported softer year-over-year results for the quarter ended June 30, 2026, with net income of $5.3 million, or $0.07 per diluted share, compared with $7.2 million, or $0.09 per share, on operating revenue of $223.5 million versus $229.9 million. Excluding fuel surcharges, operating revenue was $185.2 million versus $203.8 million, while fuel surcharge revenue rose to $38.3 million from $26.1 million. Operating income declined to $6.9 million from $9.7 million, and the consolidated operating ratio weakened to 96.9% from 95.8%.
For the first six months of 2026, operating revenue was $427.1 million versus $453.1 million and net income was $6.7 million, or $0.08 per share, down from $11.5 million, or $0.14 per share. Results reflect the sale of intermodal operations, which produced $11.7 million of revenue in the prior-year quarter, and margin pressure in Dedicated and Brokerage. Management highlighted a 286.3% sequential earnings improvement from the first quarter, a tightening freight market, and a strong, debt-free balance sheet with cash and cash equivalents of $103,980 (in thousands) at June 30, 2026.
Marten Transport Ltd ownership filing: Nuance Investments LLC reports sole voting power over 3,968,604 shares, representing 4.9% of the outstanding common stock. The filer states amount beneficially owned: 0 shares. The filing is an amendment signed on 07/06/2026.
Marten Transport amended its existing bank credit agreement on June 12, 2026 to expand its available borrowing capacity. The unsecured revolving credit facility, originally set up in 2022, allows borrowings for general business and working capital needs. The amendment raises the sublimit for letters of credit from $30 million to $35 million and increases the maximum aggregate principal amount under the facility from $100 million to $105 million. It also provides for an Amended and Restated Revolving Note with a principal amount of up to $35 million.
Marten Transport, Ltd. updated its executive and director compensation and reported voting results from its 2026 annual stockholder meeting. The Compensation Committee increased base salaries for named executive officers retroactive to April 5, 2026, including raising CEO Randolph L. Marten’s annual base pay from $818,000 to $842,600 and President Douglas P. Petit’s from $401,000 to $440,000.
The Committee approved a Third Amended and Restated Executive Officer Performance Incentive Plan, effective January 1, 2026. Under the revised plan, the bonus pool is now based on net income as reported in audited financial statements without adjustments, and the percentage increase in net income after bonuses must be at least 65 percent of the percentage increase before bonuses, with bonus amounts ratably adjusted to meet this threshold.
Non-employee director fees were reaffirmed effective May 1, 2026, including a $45,000 annual board retainer and additional retainers for leadership roles. Each non-employee director will receive 4,100 shares of common stock upon re-election, equivalent to $60,000 based on the May 5, 2026 closing price. Stockholders elected seven directors, approved an advisory resolution on executive compensation with 71,852,429 votes in favor, and ratified Grant Thornton LLP as independent auditors with 75,043,366 votes in favor.
Marten Transport, Ltd. reported weaker results for the three months ended March 31, 2026, as a soft freight market and higher fuel burden pressured profitability.
Operating revenue fell to $203.5 million from $223.2 million, an 8.8% decline, with revenue net of fuel surcharges down 9.5%. Operating income dropped to $1.6 million from $5.9 million, pushing the consolidated operating ratio to 99.2% from 97.4%. Net income declined 68.1% to $1.4 million, or $0.02 per diluted share, versus $4.3 million, or $0.05 per diluted share.
Dedicated revenue, net of fuel surcharges, fell 14.8% as the average fleet size contracted, while Truckload revenue net of fuel slipped 0.9%. Brokerage revenue grew 5.0% on more loads, but its operating ratio deteriorated. The Intermodal segment, sold in 2025, contributed no revenue in 2026 after $12.1 million a year earlier.
Despite margin pressure, Marten ended the quarter with $74.8 million in cash and escrow, no long‑term debt, and stockholders’ equity of $764.2 million. Operating cash flow of $33.0 million funded $2.7 million of net equipment purchases and $4.9 million of dividends, maintaining a quarterly dividend of $0.06 per share.
Marten Transport director Patricia L. Jones reported a compensation-related stock grant. On May 5, 2026, she received 4,100 shares of Common Stock at no purchase price, described as a grant or award acquisition. Following this award, she directly holds 15,100 shares of Marten Transport common stock.