Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2020, the company operated a fleet of 3,331 tractors, including 3,188 company-owned tractors and 143 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.
IPO Year: 1986
Exchange: NASDAQ
Website: marten.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | Outperform → Mkt Perform | Raymond James | |
| 7/9/2024 | $22.00 → $19.00 | Buy → Hold | Vertical Research |
| 5/15/2024 | $20.00 | Outperform | Raymond James |
| 1/10/2024 | $25.00 | Hold → Buy | Vertical Research |
| 8/17/2022 | $24.00 → $25.00 | Buy → Hold | Vertical Research |
| 1/26/2022 | $20.00 → $21.00 | Overweight | Stephens & Co. |
| 9/10/2021 | Market Perform | Raymond James | |
| 8/9/2021 | Overweight → Sector Weight | Keybanc |
MONDOVI, Wis., April 16, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $4.3 million, or 5 cents per diluted share, for the first quarter ended March 31, 2025, compared with $9.6 million, or 12 cents per diluted share, for the first quarter of 2024. Operating revenue was $223.2 million for the first quarter of 2025 compared with $249.7 million for the first quarter of 2024. Excluding fuel surcharges, operating revenue was $195.8 million for the 2025 quarter compared with $215.7 million for the 2024 quarter. Fuel surcharge revenue decreased to $27.4 million for the 2025 quarter from $33.9 million for the 2024 quarter. Operating income was $5.
MONDOVI, Wis., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS: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 March 28, 2025 to stockholders of record at the close of business on March 14, 2025. This is Marten's 59th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $256.5 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifac
MONDOVI, Wis., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $5.6 million, or 7 cents per diluted share, for the fourth quarter ended December 31, 2024, compared with $12.4 million, or 15 cents per diluted share, for the fourth quarter of 2023. The 2024 fourth-quarter earnings improved 50.1% sequentially from 2024 third-quarter net income of $3.8 million, or 5 cents per diluted share. For the year ended December 31, 2024, net income was $26.9 million, or 33 cents per diluted share, compared with $70.4 million, or 86 cents per diluted share, for 2023. Operating revenue was $230.4 million for the fourth quarter of 2024 compared with
MONDOVI, Wis., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS: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 December 27, 2024 to stockholders of record at the close of business on December 13, 2024. This is Marten's 58th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $251.6 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a mul
MONDOVI, Wis., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $3.8 million, or 5 cents per diluted share, for the third quarter ended September 30, 2024, compared with $13.6 million, or 17 cents per diluted share, for the third quarter of 2023. For the nine-month period ended September 30, 2024, net income was $21.3 million, or 26 cents per diluted share, compared with $58.0 million, or 71 cents per diluted share, for the 2023 nine-month period. Operating revenue was $237.4 million for the third quarter of 2024 compared with $279.5 million for the third quarter of 2023. Excluding fuel surcharges, operating revenue was $207.9 millio
MONDOVI, Wis., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS: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 September 30, 2024 to stockholders of record at the close of business on September 16, 2024. This is Marten's 57th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $246.7 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a
MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ: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 revenue was $246.2 million for the second quarter of 2024 compared with $285.7 million for the second quarter of 2023. Excluding fuel surcharges, operating revenue was $213.5 million for the 20
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 dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted bu
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 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. Operating income was $12.
MONDOVI, Wis., Feb. 20, 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 March 29, 2024 to stockholders of record at the close of business on March 15, 2024. This is Marten's 55th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $237.0 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted
MONDOVI, Wis., April 16, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $4.3 million, or 5 cents per diluted share, for the first quarter ended March 31, 2025, compared with $9.6 million, or 12 cents per diluted share, for the first quarter of 2024. Operating revenue was $223.2 million for the first quarter of 2025 compared with $249.7 million for the first quarter of 2024. Excluding fuel surcharges, operating revenue was $195.8 million for the 2025 quarter compared with $215.7 million for the 2024 quarter. Fuel surcharge revenue decreased to $27.4 million for the 2025 quarter from $33.9 million for the 2024 quarter. Operating income was $5.
MONDOVI, Wis., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS: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 March 28, 2025 to stockholders of record at the close of business on March 14, 2025. This is Marten's 59th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $256.5 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifac
MONDOVI, Wis., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $5.6 million, or 7 cents per diluted share, for the fourth quarter ended December 31, 2024, compared with $12.4 million, or 15 cents per diluted share, for the fourth quarter of 2023. The 2024 fourth-quarter earnings improved 50.1% sequentially from 2024 third-quarter net income of $3.8 million, or 5 cents per diluted share. For the year ended December 31, 2024, net income was $26.9 million, or 33 cents per diluted share, compared with $70.4 million, or 86 cents per diluted share, for 2023. Operating revenue was $230.4 million for the fourth quarter of 2024 compared with
MONDOVI, Wis., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS: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 December 27, 2024 to stockholders of record at the close of business on December 13, 2024. This is Marten's 58th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $251.6 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a mul
MONDOVI, Wis., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $3.8 million, or 5 cents per diluted share, for the third quarter ended September 30, 2024, compared with $13.6 million, or 17 cents per diluted share, for the third quarter of 2023. For the nine-month period ended September 30, 2024, net income was $21.3 million, or 26 cents per diluted share, compared with $58.0 million, or 71 cents per diluted share, for the 2023 nine-month period. Operating revenue was $237.4 million for the third quarter of 2024 compared with $279.5 million for the third quarter of 2023. Excluding fuel surcharges, operating revenue was $207.9 millio
MONDOVI, Wis., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS: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 September 30, 2024 to stockholders of record at the close of business on September 16, 2024. This is Marten's 57th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $246.7 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a
MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ: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 revenue was $246.2 million for the second quarter of 2024 compared with $285.7 million for the second quarter of 2023. Excluding fuel surcharges, operating revenue was $213.5 million for the 20
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 dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted bu
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 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. Operating income was $12.
MONDOVI, Wis., Feb. 20, 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 March 29, 2024 to stockholders of record at the close of business on March 15, 2024. This is Marten's 55th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $237.0 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted
Raymond James downgraded Marten Transport from Outperform to Mkt Perform
Vertical Research downgraded Marten Transport from Buy to Hold and set a new price target of $19.00 from $22.00 previously
Raymond James resumed coverage of Marten Transport with a rating of Outperform and set a new price target of $20.00
Vertical Research upgraded Marten Transport from Hold to Buy and set a new price target of $25.00
Vertical Research downgraded Marten Transport from Buy to Hold and set a new price target of $25.00 from $24.00 previously
Stephens & Co. reiterated coverage of Marten Transport with a rating of Overweight and set a new price target of $21.00 from $20.00 previously
Raymond James initiated coverage of Marten Transport with a rating of Market Perform
Keybanc downgraded Marten Transport from Overweight to Sector Weight
Vertical Research initiated coverage of Marten Transport with a rating of Buy and set a new price target of $22.00
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
MONDOVI, Wis., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Adam D. Phillips to an executive officer as its Executive Vice President and Chief Operating Officer, effective December 13, 2023. "I'm extremely pleased to announce the appointment of Adam Phillips as our Executive Vice President and Chief Operating Officer. Adam's appointment is a continuation of our plan to develop and transition to our next generation of leadership," said Randy Marten, Executive Chairman of the Board of Directors. "Adam will continue to be an integral member of our leadership team involved in our strategic business vision and day-
MONDOVI, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Randall J. Baier as its Executive Vice President and Chief Technology Officer, effective August 15, 2023. "I'm extremely pleased to announce the appointment of Randy Baier as our Executive Vice President and Chief Technology Officer," said Randy Marten, Executive Chairman of the Board of Directors. "Randy will continue to be a key member of our leadership team involved in our strategic business vision and day-to-day operations. Randy's exemplary professional and managerial skills combined with decades of experience are integral to the management of ou
MONDOVI, Wis., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Douglas P. Petit as its new President, effective today. Doug Petit will succeed Tim Kohl, who has served as the Company's President since 2008. Tim Kohl was recently appointed as Chief Executive Officer on May 4, 2021. "I'm extremely pleased to announce the appointment of Doug Petit as our President. Doug's appointment is a continuation of our plan to develop and transition to our next generation of leadership. As our Chief Operating Officer, Doug has been a key leader in our successful business transition and growth. Now as our President, Doug will b
MONDOVI, Wisc., May 04, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has appointed Tim Kohl as its new Chief Executive Officer, effective today. Tim Kohl will succeed Randy Marten, who has served as the Company's Chief Executive Officer since 2005. Randy Marten will serve as Executive Chairman of the Board of Directors as part of this transition. "It's been a great honor and privilege to lead Marten Transport as its Chairman since 1993 and as its Chief Executive Officer since 2005, and to oversee the transition of the company that my father founded from a long-haul carrier to a multifaceted business offering a network of r
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
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