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The latest announcement is out from Marten Transport ( (MRTN) ).
Marten Transport reported a net income of $5.6 million for the fourth quarter of 2024, marking a sequential improvement from the third quarter but a decrease compared to the same period in 2023. The company’s operating revenue for the year declined from $1.131 billion in 2023 to $963.7 million in 2024, reflecting challenges such as reduced fuel surcharge revenue and higher operating expenses as a percentage of operating revenue. Despite these challenges, the company is focused on minimizing the freight market’s impact on operations and is positioning itself for profitable growth opportunities.
More about Marten Transport
Marten Transport, headquartered in Mondovi, Wisconsin, is a leading temperature-sensitive truckload carrier in the United States, specializing in the transportation and distribution of food, beverages, and other consumer packaged goods requiring temperature-controlled environments. The company operates across five distinct business platforms: Truckload, Dedicated, Intermodal, Brokerage, and MRTN de Mexico, and provides services in the United States, Mexico, and Canada, focusing on expedited movements for high-volume customers.
YTD Price Performance: 3.44%
Average Trading Volume: 370,427
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.3B
Learn more about MRTN stock on TipRanks’ Stock Analysis page.