Marten Transport, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 15, 2021 at 04:01 pm EDT
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Marten Transport, Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 223.046 million compared to USD 218.646 million a year ago. Operating income was USD 23.998 million compared to USD 18.032 million a year ago. Net income was USD 18.006 million compared to USD 13.718 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.17 a year ago.
Marten Transport, Ltd. provides temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Its segments include Truckload, Dedicated, Intermodal and Brokerage. Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services. Dedicated segment provides customized transportation solutions utilizing temperature-controlled trailers, dry vans and other specialized equipment within the United States. Intermodal segment transports its customers freight within the United States, utilizing its refrigerated containers on railroad flatcars for portions of trips, with the balance of the trips using its tractors or, to a lesser extent, contracted carriers. Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for its customers.
MARTEN TRANSPORT, LTD. 
