Marten Transport reports Q3 EPS 5c, consensus 6c

Reports Q3 revenue $237.37M, consensus $240.98M. Executive Chairman Randolph L. Marten stated, “Our earnings were 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 and freight rate reductions, which has also led to freight network disruptions. Our unique multifaceted business model’s value is highlighted by the operating results this year for our dedicated, brokerage and MRTN de Mexico operations.”