Marten Transport posts record results

Modovi, WI, US: Marten Transport reported its highest net income for any quarter and year. Net income was up 12.3% in 2012 to a US$27.3m from $24.3m.

Net income for the fourth quarter of 2012 increased to $7,719,000 from $7,663,000 year on year.
Operating revenue from truckload and logistics operations increased to $166.4m in the fourth quarter last year from $158.3m in the fourth quarter of 2011, and increased to $638.5m in 2012 from $603.7m in 2011.

Operating revenue, net of fuel surcharges, increased 4.1% to $134.2m in the 2012 quarter from $128.8m in the 2011 quarter, and increased 5.4% to $517.3m in 2012 from $490.7m in 2011.

Fuel surcharge revenue increased to $32.2m for the fourth quarter of 2012 from $29.5m in the 2011 quarter, and increased to $121.1 million for 2012 from $113.0 million in 2011.

Operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharge revenue, increased slightly to 90.2% for the fourth quarter of 2012 from 89.9% for the fourth quarter of 2011, and improved to 91.1% for 2012 from 91.2% for 2011.

Randolph L. Marten, chairman and chief executive says: “We are encouraged by our continued solid results which are driven by our ongoing profitable development and growth of our regional, intermodal, brokerage and MRTN de Mexico operations in collaborative relationships with our customers.”

Marten Transport is a temperature-controlled truckload carriers servimng the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers.

WORLD NEWS

K Group tests Thermo King E-200 for Finnish grocery delivery

Helsinki, Finland: K Group has tested Thermo King’s electric E-200 fridge on an electric-powered MAN eTGE van on food delivery in Finland.  K Group is …

READ THE FULL STORY >

Krone Cool Liner celebrates 25 years

Werlte, Germany: Krone launched its first refrigerated trailer in 1996 and to mark the 25th anniversary a special Edition of the trailer is being launched. …

READ THE FULL STORY >

Bolloré Logistics to open new pharma unit

Roissy, France: Bolloré Logistics is to handle healthcare products at its Roissy hub with an 800m2 extension of a pharmaceutical unit. This will give Bolloré …

READ THE FULL STORY >

New coldstore for Brussels Airport

Brussels, Belgium: Brussels Airport has opened refrigerated storage for Kuehne+Nagel, Worldwide Flight Services and Expeditors. Kuehne+Nagel is expanding its activities at Brussels Airport for handling …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Hultsteins appoints Longhurst Refrigeration as its UK aftersales service partner: bit.ly/3x65xK8 pic.twitter.com/pm8lz8b0iD

© 2021 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