Marten Transport's Net Income Jumps 33% for Quarter
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Marten said it measures revenue excluding fuel surcharges and other revenue because it “provides a more consistent basis for comparing results of operations from period to period.”
efrigerated truckload carrier Marten Transport said late Thursday it earned $6.4 million or 44 cents a share in the third quarter, up 33% from $4.8 million or 33 cents a year earlier.
Marten’s operating revenue rose 21.6% to $119.1 million.
Freight revenue excluding fuel surcharges and non-freight revenue rose 11.3% from a year earlier to $98.6 million, the company said in a statement.
Marten Transport, which rejoined American Trucking Associations in May, is ranked No. 57 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
