Marten’s 3Q Income Rises 22.4%
Truckload carrier Marten Transport said the third quarter of 2013 was the best financial quarter in its history, when profit rose 22.4% to $8 million, or 24 cents per diluted share.
The results compared with the third quarter of 2012, when Marten posted a $6.5 million profit, or 20 cents per diluted share, it said in an Oct. 15 statement.
Operating revenue from truckload and logistics operations grew to $167.1 million from $163.6 million the previous year, Marten said.
“We believe our continued growth and profitability are directly related to the strong positioning of our truckload operations, as well as the diversification of our service offerings in intermodal and brokerage,” Chairman and CEO Randolph Marten said in the statement.
Truckload, intermodal and broker loads increased 11.9% in the third quarter, the Mondovi, Wis.-based company said.
Marten Transport is ranked No. 42 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
