Financial Performance - Marten Transport reported a net income of $3.8 million, or 5 cents per diluted share, for Q3 2024, down from $13.6 million, or 17 cents per diluted share, in Q3 2023 [1] - For the nine-month period ended September 30, 2024, net income was $21.3 million, or 26 cents per diluted share, compared to $58.0 million, or 71 cents per diluted share, for the same period in 2023 [1] - Operating revenue for Q3 2024 was $237.4 million, a decrease from $279.5 million in Q3 2023 [1][2] - Excluding fuel surcharges, operating revenue was $207.9 million for Q3 2024, down from $239.1 million in Q3 2023 [1][2] - For the first nine months of 2024, operating revenue was $733.3 million, compared to $863.2 million for the same period in 2023 [2] Operating Income and Expenses - Operating income for Q3 2024 was $4.3 million, significantly lower than $17.2 million in Q3 2023 [2] - Operating income for the first nine months of 2024 was $26.5 million, down from $74.5 million in the same period of 2023 [2] - Operating expenses as a percentage of operating revenue were 98.2% for Q3 2024, compared to 93.8% for Q3 2023 [2][10] - For the first nine months of 2024, operating expenses as a percentage of operating revenue were 96.4%, up from 91.4% in the same period of 2023 [3] Segment Performance - Truckload revenue, net of fuel surcharge, was $93.3 million for Q3 2024, down 3.4% from $96.5 million in Q3 2023 [9] - Dedicated revenue, net of fuel surcharge, decreased by 24.2% to $62.9 million in Q3 2024 from $83.0 million in Q3 2023 [9] - Intermodal revenue, net of fuel surcharge, fell by 32.2% to $12.3 million in Q3 2024 from $18.1 million in Q3 2023 [9] - Brokerage revenue decreased by 5.0% to $39.4 million in Q3 2024 from $41.5 million in Q3 2023 [9] Business Strategy and Outlook - The Executive Chairman highlighted the impact of the freight market recession, inflationary operating costs, and freight rate reductions on earnings [3] - The company is seeing increased interest from customers for dedicated capacity and has added new multi-year dedicated programs for additional drivers [3] - Marten Transport aims to minimize the freight market's impact while positioning itself for profitable organic growth opportunities [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter ended June 30, 2024 Commission File Number 0-15010 MARTEN TRANSPORT, LTD. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------------------|----------------------------------- ...

Exhibit 99.1 MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $7.9 million, or 10 cents per diluted share, for the second quarter ended June 30, 2024, compared with $21.9 million, or 27 cents per diluted share, for the second quarter of 2023. For the six-month period ended June 30, 2024, net income was $17.5 million, or 22 cents per diluted share, compared with $44.4 million, or 55 cents per diluted share, for the 2023 six-month period. Op ...

MARTEN TRANSPORT, LTD. SEGMENT INFORMATION (Unaudited) (2 ) Represents the percentage of miles for which the company is not compensated. | --- | --- | --- | |-------------------------------------------------------------------|--------------------|--------------| | | | | | | June 30, | December 31, | | (In thousands, except share information) | 2024 (Unaudited) | 2023 | | ASSETS | | | | Current assets: | | | | Cash and cash equivalents | $ 77,199 | $ 53,213 | | Receivables: | | | | Trade, net | 99,926 | 105, ...

MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $7.9 million, or 10 cents per diluted share, for the second quarter ended June 30, 2024, compared with $21.9 million, or 27 cents per diluted share, for the second quarter of 2023. For the six-month period ended June 30, 2024, net income was $17.5 million, or 22 cents per diluted share, compared with $44.4 million, or 55 cents per diluted share, for the 2023 six-month period. Operating reven ...

phaisarn2517 Usually, when I write a company a 'hold', it is my statement that I believe that shares of that business should see upside or downside that is more or less in line with the broader market. But every so often, this call proves incorrect. After all, nobody is perfect. A good example of one company where this did not work out is in the case of Marten Transport (NASDAQ:MRTN), a logistics business that focuses on a variety of transportation activities, particularly refrigerated and dry truck-based t ...

Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter ended March 31, 2024 129 Marten Street Mondovi, Wisconsin 54755 715-926-4216 (Address of principal executive offices) (Registrant's telephone number) Delaware 39-1140809 (State of incorporation) (I.R.S. employer identification no. ...

MONDOVI, Wis., May 07, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on June 28, 2024 to stockholders of record at the close of business on June 14, 2024. This is Marten's 56th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $241.9 million in cash dividends, including special divide ...

MARTEN TRANSPORT ANNOUNCES FIRST QUARTER RESULTS Operating revenue was $249.7 million for the first quarter of 2024 compared with $298.0 million for the first quarter of 2023. Excluding fuel surcharges, operating revenue was $215.7 million for the 2024 quarter compared with $254.9 million for the 2023 quarter. Fuel surcharge revenue decreased to $33.9 million for the 2024 quarter from $43.1 million for the 2023 quarter. Current Investor Presentation This press release contains certain statements that may be ...

MONDOVI, Wis., April 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) today reported net income of $9.6 million, or 12 cents per diluted share, for the first quarter ended March 31, 2024, compared with $22.5 million, or 28 cents per diluted share, for the first quarter of 2023. Operating revenue was $249.7 million for the first quarter of 2024 compared with $298.0 million for the first quarter of 2023. Excluding fuel surcharges, operating revenue was $215.7 million for the 2024 quarter comp ...