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Marten Transport second quarter profit up

Mondovi, Wisconsin, US: Marten Transport reported an increase in profit due mainly to higher revenues in its second quarter trading.

Second-quarter net profit was $7.58m ($6.19m in 2011). Revenues for the quarter grew to $156.96m from $151.14m in the prior-year quarter.

Chairman and chief executive Randolph L Marten said: “We are pleased that the efficiencies of our regional operations continue to drive growth in our net income and improvement in our operating ratio.

“We have increased our regional operations to 69.0% of our truckload fleet as of June 30, 2012, from 60.7% as of a year earlier – an increase reflected in a 5.4% improvement over last year’s second quarter in our average truckload revenue, net of fuel surcharges, per tractor per week.

“Our focus on developing a multi-faceted business model with a diverse customer base has expanded our regional operations as well as our logistics business. Our logistics revenue, net of fuel surcharge revenue, grew 6.0% in the 2012 six-month period over the same period in 2011. These strategies helped us to achieve our ninth consecutive year-over-year increase in quarterly profitability, as well as our best operating ratio net of fuel surcharge revenue since the second quarter of 2006.”

Marten Transport is a temperature-sensitive truckload carrier operating in the United States, Canada and Mexico, concentrating on loads for high-volume customers.