Marten Transport reports lower 3Q income, operating revenue

Marten Transport reports lower 3Q income, operating revenue

Marten Transport Ltd. on Tuesday, Oct. 20, announced its financial and operating results for the quarter ended Sept. 30. For the third quarter of 2009, net income was $3.5 million compared with $6.1 million for the same quarter of 2008. For the nine-month period of 2009, net income was $12.0 million compared with $12.2 million for the same nine-month period of 2008.

Operating revenue, consisting of revenue from truckload and logistics operations, decreased 20.8 percent to $129.4 million in the third quarter of 2009 from $163.4 million in the 2008 quarter and decreased 19.2 percent to $377.2 million in the nine-month period of 2009 from $466.7 million in the 2008 nine-month period. The decreases were due primarily to fuel surcharge revenue decreasing to $15.7 million in the quarter from $41.3 million in the 2008 quarter and to $39.1 million in the 2009 nine-month period from $109.4 million in the 2008 nine-month period, caused by significantly lower fuel prices in the 2009 periods.

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Marten Transport reports lower 3Q income, operating revenue

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Marten Transport reports lower 3Q income, operating revenue

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