Marten Transport 3Q earnings up 2.9%

Mondovi, WI, US: Marten Transport’s third-quarter net income rose 2.9%, effected by rising diesel fuel costs, a hot summer across much of the US and a slumbering national economy.

The temperature-controlled transport and logistics company said revenue increased 4.6% to $163.6m from $156.3m.

“While our earnings were negatively impacted by near-term headwinds, steadily rising diesel fuel prices, extreme heat and the persistently weak economy impacting volumes, we remain confident in our long-term strategy,” said Randolph L Marten, chairman and chief executive, in a statement announcing earnings.

For the nine months, net income increased 17.6% to $19.5m from $16.6m a year ago. Revenue increased to $472.0m from $445.3m.

WORLD NEWS

Michael Fischer takes Future Leader Award

Arlington, Virginia, USA: Michael Fischer, general manager, RLS Logistics has received the World Food Logistics Organization’s Don Schlimme Future Leader Award. Fischer was presented with …

READ THE FULL STORY >

Chereau cuts chassis weight

Avranches, Normandy, France, Chereau has cut the chassis weight on its trailers byusing new materials. The move is part if the second phase of its …

READ THE FULL STORY >

New staff at IARW and WFLO

Arlington, Virginia, USA: The International Association of Refrigerated Warehouses its research foundation, the World Food Logistics Organization have new board members. Andrew Janson, president, MTC …

READ THE FULL STORY >

Mercadona goes electric for home deliveries

Valencia, Spain: Mercadona is using a Thermo King powered electric van for home deliveries. Eneko Fernandez, product management leader, Thermo King, said: :”We decided to …

READ THE FULL STORY >

WHAT’S ON

  • The CV Show
    Birmingham, UK: The CV Show opens at the end of the month (30 April – 2 May) at Birmingham’s, National Exhibition Centre, United Kingdom.

Latest Tweets

Dearman adds two Krone trailers: bit.ly/2UnsSHL #Trailers #logistics

© 2019 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ