Marten Reports Higher 3Q Profit

Marten Transport’s third-quarter profit rose 15.5% on improved performance in its truckload and logistics sectors.

Net income rose to $6.3 million, or 29 cents per share, from $5.5 million, or 25 cents, a year ago.

Revenue rose 21.5% to $156.3 million, reflecting a continuing combination of higher shipping volume and increased fuel surcharges.

Fuel surcharges jumped to $28.8 million for the quarter, from $18.8 million in the 2010 third quarter.

Marten Transport is ranked No. 43 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.