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Marten Transport Announces Second Quarter Results

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Marten Transport (NASDAQ:MRTN) reported Q2 2025 financial results showing a decline in performance. The company posted net income of $7.2 million ($0.09 per diluted share), down from $7.9 million ($0.10 per share) in Q2 2024. Operating revenue decreased to $229.9 million from $246.2 million year-over-year.

Key metrics include operating income of $9.7 million (vs. $10.0 million in Q2 2024) and operating expenses at 95.8% of revenue. The company's dedicated and brokerage operations showed resilience, though earnings were pressured by the freight market recession's oversupply and weak demand, along with inflationary costs and freight rate reductions.

Management remains focused on minimizing market impacts while pursuing profitable organic growth opportunities, particularly those expected from industry capacity exits due to increased English Language Proficiency and B-1 visa regulation enforcement.

Marten Transport (NASDAQ:MRTN) ha riportato i risultati finanziari del secondo trimestre 2025 evidenziando un calo delle performance. La societ脿 ha registrato un utile netto di 7,2 milioni di dollari (0,09 dollari per azione diluita), in diminuzione rispetto ai 7,9 milioni di dollari (0,10 dollari per azione) del secondo trimestre 2024. I ricavi operativi sono scesi a 229,9 milioni di dollari dai 246,2 milioni di dollari anno su anno.

Le metriche chiave includono un reddito operativo di 9,7 milioni di dollari (contro i 10,0 milioni del secondo trimestre 2024) e spese operative pari al 95,8% dei ricavi. Le operazioni dedicate e di intermediazione dell'azienda hanno mostrato resilienza, sebbene i guadagni siano stati influenzati dalla recessione del mercato del trasporto merci, caratterizzata da un eccesso di offerta e debole domanda, oltre che da costi inflazionistici e riduzioni delle tariffe di trasporto.

La direzione rimane concentrata nel minimizzare gli impatti di mercato perseguendo opportunit脿 di crescita organica redditizie, in particolare quelle attese dall'uscita di capacit脿 nel settore dovuta all'aumento del livello di competenza nella lingua inglese e all'applicazione delle normative sui visti B-1.

Marten Transport (NASDAQ:MRTN) present贸 los resultados financieros del segundo trimestre de 2025 mostrando un descenso en su desempe帽o. La compa帽铆a report贸 un ingreso neto de 7,2 millones de d贸lares (0,09 d贸lares por acci贸n diluida), frente a 7,9 millones de d贸lares (0,10 d贸lares por acci贸n) en el segundo trimestre de 2024. Los ingresos operativos disminuyeron a 229,9 millones de d贸lares desde 246,2 millones a帽o con a帽o.

Las m茅tricas clave incluyen un ingreso operativo de 9,7 millones de d贸lares (vs. 10,0 millones en el segundo trimestre de 2024) y gastos operativos que representan el 95,8% de los ingresos. Las operaciones dedicadas y de corretaje de la empresa mostraron resiliencia, aunque las ganancias se vieron presionadas por la recesi贸n del mercado de carga debido al exceso de oferta y la d茅bil demanda, junto con costos inflacionarios y reducciones en las tarifas de flete.

La direcci贸n sigue enfocada en minimizar los impactos del mercado mientras busca oportunidades de crecimiento org谩nico rentable, especialmente aquellas esperadas por las salidas de capacidad en la industria derivadas del aumento en la competencia en ingl茅s y la aplicaci贸n de regulaciones para visas B-1.

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欤检殧 歆�響滊電� 鞓侅梾 鞚挫澋 970毵� 雼煬(2024雲� 2攵勱赴 1,000毵� 雼煬 雽�牍�)鞕� 靾橃澋 雽�牍� 95.8%鞚� 鞓侅梾 牍勳毄鞚� 韽暔霅╇媹雼�. 須岇偓鞚� 鞝勳毄 氚� 欷戧皽 靷梾鞚� 瓴“頃� 氇姷鞚� 氤挫榾鞙茧倶, 頇旊 鞁滌灔 瓴疥赴 旃泊鞐� 霐半ジ 瓿店笁 瓿检瀴瓿� 鞎巾暅 靾橃殧, 鞚疙攲霠堨澊靺� 牍勳毄, 鞖挫瀯 鞚疙晿搿� 鞚疙暣 靾橃澋靹膘澊 鞎曤皶氚涭晿鞀惦媹雼�.

瓴届榿歆勳潃 鞁滌灔 鞓來枼 斓滌唽頇旍棎 歆戩頃橂┐靹� 靷办梾 雮� 鞖╇焿 臧愳唽鞐� 霐半ジ 鞙犼赴鞝� 靾橃澋靹� 靹膘灔 旮绊殞毳� 氇儔頃橁碃 鞛堨溂氅�, 鞚措姅 鞓侅柎 電ル牓 頄レ儊瓿� B-1 牍勳瀽 攴滌牅 臧曧檾鞐� 霐半ジ 瓴瓣臣搿� 旮半寑霅橁碃 鞛堨姷雼堧嫟.

Marten Transport (NASDAQ:MRTN) a publi茅 ses r茅sultats financiers du deuxi猫me trimestre 2025 montrant un d茅clin de ses performances. La soci茅t茅 a enregistr茅 un b茅n茅fice net de 7,2 millions de dollars (0,09 dollar par action dilu茅e), en baisse par rapport 脿 7,9 millions de dollars (0,10 dollar par action) au deuxi猫me trimestre 2024. Le chiffre d'affaires op茅rationnel a diminu茅 脿 229,9 millions de dollars contre 246,2 millions d'une ann茅e sur l'autre.

Les indicateurs cl茅s comprennent un r茅sultat op茅rationnel de 9,7 millions de dollars (contre 10,0 millions au T2 2024) et des charges op茅rationnelles repr茅sentant 95,8 % du chiffre d'affaires. Les op茅rations d茅di茅es et de courtage de l'entreprise ont montr茅 une certaine r茅silience, bien que les b茅n茅fices aient 茅t茅 impact茅s par la r茅cession du march茅 du fret due 脿 une offre exc茅dentaire et une demande faible, ainsi que par des co没ts inflationnistes et des r茅ductions des tarifs de fret.

La direction reste concentr茅e sur la minimisation des impacts du march茅 tout en poursuivant des opportunit茅s de croissance organique rentable, notamment celles attendues suite aux sorties de capacit茅 dans le secteur dues 脿 l'am茅lioration de la ma卯trise de l'anglais et 脿 l'application des r茅glementations sur les visas B-1.

Marten Transport (NASDAQ:MRTN) meldete die Finanzergebnisse f眉r das zweite Quartal 2025 mit einem R眉ckgang der Leistung. Das Unternehmen verzeichnete einen Nettoertrag von 7,2 Millionen US-Dollar (0,09 US-Dollar je verw盲sserter Aktie), verglichen mit 7,9 Millionen US-Dollar (0,10 US-Dollar je Aktie) im zweiten Quartal 2024. Der Betriebsumsatz sank im Jahresvergleich auf 229,9 Millionen US-Dollar von 246,2 Millionen US-Dollar.

Wichtige Kennzahlen umfassen einen Betriebsgewinn von 9,7 Millionen US-Dollar (gegen眉ber 10,0 Millionen US-Dollar im zweiten Quartal 2024) und Betriebskosten von 95,8 % des Umsatzes. Die dedizierten und Vermittlungsaktivit盲ten des Unternehmens zeigten Widerstandsf盲higkeit, obwohl die Gewinne durch das 脺berangebot und die schwache Nachfrage auf dem Frachtmarkt sowie durch inflationsbedingte Kosten und Frachtratenk眉rzungen unter Druck standen.

Das Management bleibt darauf fokussiert, Markteinfl眉sse zu minimieren und gleichzeitig rentable organische Wachstumschancen zu verfolgen, insbesondere solche, die durch Kapazit盲tsabg盲nge in der Branche aufgrund verbesserter Englischkenntnisse und der Durchsetzung von B-1-Visa-Vorschriften erwartet werden.

Positive
  • Brokerage revenue increased 6.6% to $39.9 million in Q2 2025
  • Truckload operating income improved 110.2% to $2.3 million
  • Operating ratio improved slightly to 95.8% from 95.9% year-over-year
  • Strong cash position with $35.1 million in cash and cash equivalents
Negative
  • Net income decreased 8.9% to $7.2 million in Q2 2025
  • Operating revenue declined 6.6% to $229.9 million
  • Dedicated revenue dropped 11.6% to $71.9 million
  • Intermodal revenue fell 22.3% to $11.7 million
  • Total fleet size reduced to 2,928 tractors from 3,126 year-over-year

Insights

Marten Transport's Q2 earnings show continued pressure from freight recession despite some operational bright spots.

Marten Transport's Q2 2025 results reveal the ongoing challenges in the freight transportation sector, with net income declining to $7.2 million ($0.09 per share) from $7.9 million ($0.10 per share) year-over-year. Revenue contracted by 6.6% to $229.9 million, reflecting the persistent freight market recession characterized by oversupply and weak demand.

Looking deeper at segment performance, there's an interesting dichotomy. The Truckload segment showed remarkable resilience with a 110.2% increase in operating income despite a 5.4% revenue decline. This suggests effective cost management and operational efficiency improvements in their core business. Meanwhile, the Dedicated segment saw operating income decrease by 18.4%, Intermodal continued to operate at a loss, and Brokerage income declined slightly.

The six-month results tell a more concerning story with a 34.3% drop in net income compared to H1 2024. Operating ratio (expenses as percentage of revenue) deteriorated from 94.8% to 96.1% excluding fuel surcharges, indicating margin compression from inflationary pressures.

From a balance sheet perspective, Marten has maintained financial stability with cash more than doubling to $35.1 million from $17.3 million at year-end 2024. This liquidity provides a cushion against continued market challenges and positions them for potential opportunistic investments as competitors struggle.

The company's strategy focuses on its multifaceted business model, particularly leveraging dedicated and brokerage operations which have shown relative strength. Management anticipates potential relief from capacity exits driven by increased regulatory enforcement, which could gradually improve the supply-demand balance in the coming quarters.

MONDOVI, Wis., July 16, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $7.2 million, or 9 cents per diluted share, for the second quarter ended June 30, 2025, compared with $7.9 million, or 10 cents per diluted share, for the second quarter of 2024. For the six-month period ended June 30, 2025, net income was $11.5 million, or 14 cents per diluted share, compared with $17.5 million, or 22 cents per diluted share, for the 2024 six-month period.

Operating revenue was $229.9 million for the second quarter of 2025 compared with $246.2 million for the second quarter of 2024. Excluding fuel surcharges, operating revenue was $203.8 million for the 2025 quarter compared with $213.5 million for the 2024 quarter. Fuel surcharge revenue decreased to $26.1 million for the 2025 quarter from $32.7 million for the 2024 quarter.

Operating revenue was $453.1 million for the first six months of 2025 compared with $495.9 million for the first six months of 2024. Excluding fuel surcharges, operating revenue was $399.6 million for the 2025 period compared with $429.3 million for the 2024 period. Fuel surcharge revenue decreased to $53.5 million for the 2025 period from $66.6 million for the 2024 period.

Operating income was $9.7 million for the second quarter of 2025 compared with $10.0 million for the second quarter of 2024.

Operating income was $15.6 million for the first six months of 2025 compared with $22.2 million for the first six months of 2024.

Operating expenses as a percentage of operating revenue were 95.8% for the 2025 quarter and 95.9% for the 2024 quarter. Operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharges, were 95.2% for the 2025 quarter and 95.3% for the 2024 quarter.

Operating expenses as a percentage of operating revenue were 96.6% for the first six months of 2025 and 95.5% for the first six months of 2024. Operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharges, were 96.1% for the 2025 period and 94.8% for the 2024 period.

Executive Chairman Randolph L. Marten stated, 鈥淥ur unique multifaceted business model鈥檚 value continued to be highlighted by the operating results of our dedicated and brokerage operations for the first six months of this year and throughout last year. Our earnings have continued to be heavily pressured by the considerable duration and depth of the freight market recession鈥檚 oversupply and weak demand - and the cumulative impact of inflationary operating costs, freight rate reductions and freight network disruptions.鈥�

鈥淲e remain focused on minimizing the freight market鈥檚 impact - and the impact of the U.S. and global economies with the current trade policy volatility - while investing in and positioning our operations to capitalize on profitable organic growth opportunities. We expect such growth opportunities to be positively impacted by anticipated additional industry capacity exits relating to increased enforcement of the English Language Proficiency and B-1 visa regulations.鈥�

Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted business offering a network of time and temperature-sensitive and dry truck-based transportation and distribution capabilities across Marten鈥檚 six distinct business platforms 鈥� Temperature-Sensitive and Dry Truckload, Dedicated, Intermodal, Brokerage and MRTN de Mexico. Marten is one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food, beverages and other consumer packaged goods that require a temperature-controlled or insulated environment. The Company offers service in the United States, Mexico and Canada, concentrating on expedited movements for high-volume customers. Marten鈥檚 common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.

This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include a discussion of Marten鈥檚 prospects for future growth, including the impact of the freight market and U.S. and global economies with the current trade policy volatility along with the impact of additional industry capacity exits relating to increased enforcement of the English Language Proficiency and B-1 visa regulations, and by their nature involve substantial risks and uncertainties, and actual results may differ materially from those expressed in such forward-looking statements. Important factors known to the Company that could cause actual results to differ materially from those discussed in the forward-looking statements are discussed in Part I, Item 1A of the Company鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACTS: Tim Kohl, Chief Executive Officer, Doug Petit, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.


听
MARTEN TRANSPORT, LTD.
CONSOLIDATED CONDENSED BALANCE SHEETS
听
听听June 30,听听December 31,听
(In thousands, except share information)听2025听听2024听
听听(Unaudited)听听听听听
ASSETS听听听听听听听听
Current assets:听听听听听听听听
Cash and cash equivalents听$35,052听听$17,267听
Receivables:听听听听听听听听
Trade, net听听91,432听听听89,992听
Other听听7,387听听听5,364听
Prepaid expenses and other听听21,942听听听25,888听
Total current assets听听155,813听听听138,511听
听听听听听听听听听
Property and equipment:听听听听听听听听
Revenue equipment, buildings and land, office equipment and other听听1,207,399听听听1,198,737听
Accumulated depreciation听听(373,131)听听(370,124)
Net property and equipment听听834,268听听听828,613听
Other noncurrent assets听听1,735听听听1,633听
Total assets听$991,816听听$968,757听
听听听听听听听听听
LIABILITIES AND STOCKHOLDERS鈥� EQUITY听听听听听听听听
Current liabilities:听听听听听听听听
Accounts payable听$44,894听听$25,781听
Insurance and claims accruals听听43,817听听听44,246听
Accrued and other current liabilities听听27,974听听听23,492听
Total current liabilities听听116,685听听听93,519听
Deferred income taxes听听104,098听听听107,034听
Noncurrent operating lease liabilities听听317听听听282听
Total liabilities听听221,100听听听200,835听
听听听听听听听听听
Stockholders鈥� equity:听听听听听听听听
Preferred stock, $.01 par value per share; 2,000,000 shares authorized; no shares issued and outstanding听听-听听听-听
Common stock, $.01 par value per share; 192,000,000 shares authorized; 81,520,424 shares at June 30, 2025, and 81,463,938 shares at December 31, 2024, issued and outstanding听听815听听听815听
Additional paid-in capital听听53,994听听听52,941听
Retained earnings听听715,907听听听714,166听
Total stockholders鈥� equity听听770,716听听听767,922听
Total liabilities and stockholders鈥� equity听$991,816听听$968,757听
听听听听听听听听听


听
MARTEN TRANSPORT, LTD.
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)
听
听听Three听Months听听Six Months听
听听Ended June 30,听听Ended June 30,听
(In thousands, except per share information)听2025听听2024听听2025听听2024听
听听听听听听听听听听听听听听听听听
Operating revenue听$229,922听听$246,238听听$453,074听听$495,910听
听听听听听听听听听听听听听听听听听
Operating expenses (income):听听听听听听听听听听听听听听听听
Salaries, wages and benefits听听78,570听听听86,519听听听157,370听听听175,281听
Purchased transportation听听43,123听听听43,235听听听80,779听听听85,049听
Fuel and fuel taxes听听32,591听听听38,809听听听65,708听听听78,370听
Supplies and maintenance听听15,606听听听16,472听听听31,119听听听32,542听
Depreciation听听27,307听听听28,206听听听54,777听听听56,733听
Operating taxes and licenses听听2,451听听听2,539听听听4,868听听听5,114听
Insurance and claims听听15,852听听听12,559听听听29,229听听听24,216听
Communications and utilities听听2,164听听听2,297听听听4,443听听听4,668听
Gain on disposition of revenue equipment听听(5,182)听听(2,532)听听(6,847)听听(3,703)
Other听听7,706听听听8,160听听听16,035听听听15,416听
听听听听听听听听听听听听听听听听听
Total operating expenses听听220,188听听听236,264听听听437,481听听听473,686听
听听听听听听听听听听听听听听听听听
Operating income听听9,734听听听9,974听听听15,593听听听22,224听
听听听听听听听听听听听听听听听听听
Other听听(436)听听(1,014)听听(785)听听(1,810)
听听听听听听听听听听听听听听听听听
Income before income taxes听听10,170听听听10,988听听听16,378听听听24,034听
听听听听听听听听听听听听听听听听听
Income taxes expense听听2,984听听听3,099听听听4,857听听听6,499听
听听听听听听听听听听听听听听听听听
Net income听$7,186听听$7,889听听$11,521听听$17,535听
听听听听听听听听听听听听听听听听听
Basic earnings per common share听$0.09听听$0.10听听$0.14听听$0.22听
听听听听听听听听听听听听听听听听听
Diluted earnings per common share听$0.09听听$0.10听听$0.14听听$0.22听
听听听听听听听听听听听听听听听听听
Dividends declared per common share听$0.06听听$0.06听听$0.12听听$0.12听
听听听听听听听听听听听听听听听听听


听
MARTEN TRANSPORT, LTD.
SEGMENT INFORMATION
(Unaudited)
听
听听听听听听听听听听Dollar听听Percentage听
听听听听听听听听听听Change听听Change听
听听Three Months听听Three Months听听Three Months听
听听Ended听听Ended听听Ended听
听听June 30,听听June 30,听听June 30,听
(Dollars in thousands)听2025听听2024听听2025 vs. 2024听听2025 vs. 2024听
Operating revenue:听听听听听听听听听听听听听听听听
Truckload revenue, net of fuel surcharge revenue听$92,484听听$96,046听听$(3,562)听听(3.7)%
Truckload fuel surcharge revenue听听14,002听听听16,477听听听(2,475)听听(15.0)
Total Truckload revenue听听106,486听听听112,523听听听(6,037)听听(5.4)
听听听听听听听听听听听听听听听听听
Dedicated revenue, net of fuel surcharge revenue听听61,338听听听67,444听听听(6,106)听听(9.1)
Dedicated fuel surcharge revenue听听10,536听听听13,822听听听(3,286)听听(23.8)
Total Dedicated revenue听听71,874听听听81,266听听听(9,392)听听(11.6)
听听听听听听听听听听听听听听听听听
Intermodal revenue, net of fuel surcharge revenue听听10,093听听听12,660听听听(2,567)听听(20.3)
Intermodal fuel surcharge revenue听听1,610听听听2,404听听听(794)听听(33.0)
Total Intermodal revenue听听11,703听听听15,064听听听(3,361)听听(22.3)
听听听听听听听听听听听听听听听听听
Brokerage revenue听听39,859听听听37,385听听听2,474听听听6.6听
听听听听听听听听听听听听听听听听听
Total operating revenue听$229,922听听$246,238听听$(16,316)听听(6.6)%
听听听听听听听听听听听听听听听听听
Operating income/(loss):听听听听听听听听听听听听听听听听
Truckload听$2,344听听$1,115听听$1,229听听听110.2%
Dedicated听听5,429听听听6,650听听听(1,221)听听(18.4)
Intermodal听听(735)听听(684)听听(51)听听(7.5)
Brokerage听听2,696听听听2,893听听听(197)听听(6.8)
Total operating income听$9,734听听$9,974听听$(240)听听(2.4)%
听听听听听听听听听听听听听听听听听
Operating ratio:听听听听听听听听听听听听听听听听
Truckload听听97.8%听听99.0%听听听听听听听听
Dedicated听听92.4听听听91.8听听听听听听听听听
Intermodal听听106.3听听听104.5听听听听听听听听听
Brokerage听听93.2听听听92.3听听听听听听听听听
Consolidated operating ratio听听95.8%听听95.9%听听听听听听听听
听听听听听听听听听听听听听听听听听
Operating ratio, net of fuel surcharges:听听听听听听听听听听听听听听听听
Truckload听听97.5%听听98.8%听听听听听听听听
Dedicated听听91.1听听听90.1听听听听听听听听听
Intermodal听听107.3听听听105.4听听听听听听听听听
Brokerage听听93.2听听听92.3听听听听听听听听听
Consolidated operating ratio, net of fuel surcharges听听95.2%听听95.3%听听听听听听听听
听


听
MARTEN TRANSPORT, LTD.
SEGMENT INFORMATION
(Unaudited)
听
听听听听听听听听听听Dollar听听Percentage听
听听听听听听听听听听Change听听Change听
听听Six Months听听Six Months听听Six Months听
听听Ended听听Ended听听Ended听
听听June 30,听听June 30,听听June 30,听
(Dollars in thousands)听2025听听2024听听2025 vs. 2024听听2025 vs. 2024听
Operating revenue:听听听听听听听听听听听听听听听听
Truckload revenue, net of fuel surcharge revenue听$182,590听听$191,068听听$(8,478)听听(4.4)%
Truckload fuel surcharge revenue听听28,287听听听33,006听听听(4,719)听听(14.3)
Total Truckload revenue听听210,877听听听224,074听听听(13,197)听听(5.9)
听听听听听听听听听听听听听听听听听
Dedicated revenue, net of fuel surcharge revenue听听123,743听听听139,182听听听(15,439)听听(11.1)
Dedicated fuel surcharge revenue听听21,756听听听28,544听听听(6,788)听听(23.8)
Total Dedicated revenue听听145,499听听听167,726听听听(22,227)听听(13.3)
听听听听听听听听听听听听听听听听听
Intermodal revenue, net of fuel surcharge revenue听听20,361听听听25,941听听听(5,580)听听(21.5)
Intermodal fuel surcharge revenue听听3,459听听听5,095听听听(1,636)听听(32.1)
Total Intermodal revenue听听23,820听听听31,036听听听(7,216)听听(23.3)
听听听听听听听听听听听听听听听听听
Brokerage revenue听听72,878听听听73,074听听听(196)听听(0.3)
听听听听听听听听听听听听听听听听听
Total operating revenue听$453,074听听$495,910听听$(42,836)听听(8.6)%
听听听听听听听听听听听听听听听听听
Operating income/(loss):听听听听听听听听听听听听听听听听
Truckload听$2,044听听$1,604听听$440听听听27.4%
Dedicated听听10,283听听听15,908听听听(5,625)听听(35.4)
Intermodal听听(1,590)听听(878)听听(712)听听(81.1)
Brokerage听听4,856听听听5,590听听听(734)听听(13.1)
Total operating income听$15,593听听$22,224听听$(6,631)听听(29.8)%
听听听听听听听听听听听听听听听听听
Operating ratio:听听听听听听听听听听听听听听听听
Truckload听听99.0%听听99.3%听听听听听听听听
Dedicated听听92.9听听听90.5听听听听听听听听听
Intermodal听听106.7听听听102.8听听听听听听听听听
Brokerage听听93.3听听听92.4听听听听听听听听听
Consolidated operating ratio听听96.6%听听95.5%听听听听听听听听
听听听听听听听听听听听听听听听听听
Operating ratio, net of fuel surcharges:听听听听听听听听听听听听听听听听
Truckload听听98.9%听听99.2%听听听听听听听听
Dedicated听听91.7听听听88.6听听听听听听听听听
Intermodal听听107.8听听听103.4听听听听听听听听听
Brokerage听听93.3听听听92.4听听听听听听听听听
Consolidated operating ratio, net of fuel surcharges听听96.1%听听94.8%听听听听听听听听
听


听
MARTEN TRANSPORT, LTD.
OPERATING STATISTICS
(Unaudited)
听
听听Three Months听听Six Months听
听听Ended June 30,听听Ended June 30,听
听听2025听听2024听听2025听听2024听
Truckload Segment:听听听听听听听听听听听听听听听听
Revenue (in thousands)听$106,486听听$112,523听听$210,877听听$224,074听
Average revenue, net of fuel surcharges, per tractor per week(1)听$4,209听听$4,093听听$4,203听听$4,044听
Average tractors(1)听听1,690听听听1,805听听听1,680听听听1,817听
Average miles per trip听听524听听听528听听听531听听听533听
Non-revenue miles percentage(2)听听11.0%听听11.6%听听11.1%听听12.1%
Total miles (in thousands)听听39,221听听听40,847听听听77,494听听听80,550听
听听听听听听听听听听听听听听听听听
Dedicated Segment:听听听听听听听听听听听听听听听听
Revenue (in thousands)听$71,874听听$81,266听听$145,499听听$167,726听
Average revenue, net of fuel surcharges, per tractor per week(1)听$3,807听听$3,754听听$3,827听听$3,768听
Average tractors(1)听听1,239听听听1,382听听听1,251听听听1,421听
Average miles per trip听听301听听听323听听听305听听听326听
Non-revenue miles percentage(2)听听1.3%听听1.1%听听1.4%听听1.1%
Total miles (in thousands)听听25,132听听听28,231听听听50,368听听听57,311听
听听听听听听听听听听听听听听听听听
Intermodal Segment:听听听听听听听听听听听听听听听听
Revenue (in thousands)听$11,703听听$15,064听听$23,820听听$31,036听
Loads听听3,555听听听4,464听听听7,212听听听9,053听
Average tractors听听77听听听121听听听77听听听123听
听听听听听听听听听听听听听听听听听
Brokerage Segment:听听听听听听听听听听听听听听听听
Revenue (in thousands)听$39,859听听$37,385听听$72,878听听$73,074听
Loads听听24,094听听听22,700听听听44,510听听听42,761听
听听听听听听听听听听听听听听听听听
At June 30, 2025 and June 30, 2024:听听听听听听听听听听听听听听听听
Total tractors(1)听听2,928听听听3,126听听听听听听听听听
Average age of company tractors (in years)听听2.1听听听1.8听听听听听听听听听
Total trailers听听5,164听听听5,539听听听听听听听听听
Average age of company trailers (in years)听听5.0听听听5.0听听听听听听听听听
Ratio of trailers to tractors(1)听听1.8听听听1.8听听听听听听听听听
Total refrigerated containers听听786听听听787听听听听听听听听听


听听Three Months听听Six Months听
听听Ended June 30,听听Ended June 30,听
(In thousands)听2025听听2024听听2025听听2024听
听听听听听听听听听听听听听听听听听
Net cash provided by operating activities听$33,153听听$35,821听听$69,368听听$81,543听
Net cash used for investing activities听听(33,115)听听(27,776)听听(41,528)听听(48,025)
Net cash used for financing activities听听(4,891)听听(4,576)听听(10,055)听听(9,532)
听听听听听听听听听听听听听听听听听
Weighted average shares outstanding:听听听听听听听听听听听听听听听听
Basic听听81,510听听听81,381听听听81,502听听听81,365听
Diluted听听81,517听听听81,446听听听81,512听听听81,442听


(1听)听Includes tractors driven by both company-employed drivers and independent contractors. Independent contractors provided 80 and 90 tractors as of June 30, 2025 and 2024, respectively.听
听听
(2)听Represents the percentage of miles for which the company is not compensated.

FAQ

What was Marten Transport's (MRTN) earnings per share in Q2 2025?

Marten Transport reported earnings of $0.09 per diluted share in Q2 2025, compared to $0.10 per share in Q2 2024.

How much revenue did MRTN generate in Q2 2025?

MRTN generated total operating revenue of $229.9 million in Q2 2025, down from $246.2 million in Q2 2024.

What was Marten Transport's operating income for Q2 2025?

Marten Transport's operating income was $9.7 million for Q2 2025, slightly down from $10.0 million in Q2 2024.

How did MRTN's different segments perform in Q2 2025?

In Q2 2025, Truckload revenue was $106.5 million (-5.4%), Dedicated revenue $71.9 million (-11.6%), Intermodal revenue $11.7 million (-22.3%), and Brokerage revenue $39.9 million (+6.6%).

What factors affected Marten Transport's Q2 2025 performance?

Performance was impacted by freight market recession's oversupply, weak demand, inflationary operating costs, freight rate reductions, and freight network disruptions.
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Marten Trans

NASDAQ:MRTN

MRTN Rankings

#3429 Ranked by Market Cap
#1463 Ranked by Dividends

MRTN Latest News

Jul 22, 2025
MARTEN TRANSPORT ANNOUNCES SALE OF ASSETS RELATED TO INTERMODAL BUSINESS
May 6, 2025
MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
Apr 16, 2025
Marten Transport Announces First Quarter Results
Feb 21, 2025
MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
Jan 27, 2025
Marten Transport Announces Fourth Quarter and Year End Results

MRTN Latest SEC Filings

Jul 16, 2025
[8-K] Marten Transport Ltd Reports Material Event

MRTN Stock Data

1.10B
57.55M
29.3%
71.86%
1.19%
Trucking
Trucking (no Local)
United States
MONDOVI

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