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.

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