Marten’s revenue up;
net income falters
Oct 24, 2007 9:34 AM
Marten Transport Ltd, the Mondovi WI-based refrigerated carrier, has announced its financial and operating results for the quarter ended Sept 30, 2007.
Operating revenue, consisting of revenue from truckload and logistics operations, increased 6.7% to $145.0 million in third quarter 2007 from $135.8 million in the 2006 quarter. For the nine-month period of 2007, operating revenue rose 7.2% to $415.2 million from $387.2 million for the 2006 period.
Truckload revenue advanced 1.4% to $125.5 million from $123.8 million in the 2006 quarter. For the nine-month period of 2007, truckload revenue gained 2.4% to $367.4 million from $358.9 million for the 2006 period.
Logistics revenue, which consists of revenue from brokerage and intermodal operations, surged 61.9% to $19.5 million from $12.0 million in the 2006 quarter. For the nine-month period of 2007, logistics revenue climbed 68.9% to $47.9 million from $28.3 million for the 2006 period.
For the third quarter ended Sept 30, 2007, net income decreased to $3.1 million from $6.7 million for the same quarter of 2006. For the nine-month period of 2007, net income fell to $12.0 million from $19.3 million for the 2006 period.
