Marten’s Fourth-Quarter Income Declines

Refrigerated truckload carrier Marten Transport’s fourth-quarter net income fell to $3 million, or 14 cents a share, from $5.2 million, or 24 cents a year ago.

Operating revenue from trucking and logistics operations rose 10%, to $144.8 million, the company said late Monday.

Truckload revenue rose 3.7% to $123.2 million, while logistics revenue, including brokerage and intermodal operations, jumped 67.6% from a year earlier, to $69.5 million.

For the full year, Marten earned $15 million, or 68 cents a share, down from $24.5 million, or $1.13, a year earlier.

Marten is ranked No. 51 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.