Marten Transport’s 1Q Profit Nearly Doubles
The refrigerated carrier’s net income climbed to $10.2 million, or 30 cents per diluted share, from $5.3 million, or 16 cents, a year earlier.
Revenue rose 1.2% to $161.3 million.
“We are pleased with our strong performance in the first quarter and believe we can leverage the solid foundation provided by our truckload, dedicated, intermodal and brokerage operations to take advantage of the current and expected tightening capacity for continued profitable growth,” CEO Randolph Marten said in the company’s April 14 report.
He also cited growth in the company’s dedicated operations, which he said addresses customers’ desire for transportation services tailored to their individual needs, “as well as our drivers’ desire for consistent hours and routes in close proximity to their homes.”
