Wisconsin-based truckload carrier Marten Transport has reported its highest net income and operating revenue in its history.
Marten’s 2014 fourth quarter net income increased by 22.8 percent to $9 million. For the year, net income decreased to $29.8 million when compared to 2013’s $30.1 million. Operating revenue went up 4.4 percent to $173.5 million in the fourth quarter and up to $672.9 million for the year compared to $659.2 in 2013. Operating revenue consists of revenue from truckload, dedicated, intermodal and brokerage operations.
Operating expenses as a percentage of operating revenue went down to 88.7 percent in the fourth quarter, an improvement from 90.6 percent in the fourth quarter of 2013. Percentages for the year were 90.7 percent compared with 90.2 percent in 2013.
Marten Transport was founded by Roger Marten in 1946. Marten specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment.
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