Marten Transport reports Q2 EPS 9c vs. 10c last year

Reports Q2 revenue $229.9M vs. $246.2M last year. Executive Chairman Randolph L. Marten stated, “Our unique multifaceted business model’s value continued to be highlighted by the operating results of our dedicated and brokerage operations for the first six months of this year and throughout last year. Our earnings have continued to be heavily pressured by the considerable duration and depth of the freight market recession’s oversupply and weak demand – and the cumulative impact of inflationary operating costs, freight rate reductions and freight network disruptions. We remain focused on minimizing the freight market’s impact – and the impact of the U.S. and global economies with the current trade policy volatility – while investing in and positioning our operations to capitalize on profitable organic growth opportunities. We expect such growth opportunities to be positively impacted by anticipated additional industry capacity exits relating to increased enforcement of the English Language Proficiency and B-1 visa regulations.”