Marten Transport’s operating revenue rises in first quarter
Apr 24, 2007 9:48 AM
Marten Transport Ltd, the Mondovi WI-based refrigerated carrier, announced its financial and operating results for the quarter ended March 31, 2007.
Operating revenue, consisting of revenue from truckload and logistics operations, increased 9.9% to $131.4 million in the first quarter of 2007 from $119.6 million in the 2006 quarter. Truckload revenue rose 4.7% to $118.1 million from $112.9 million in the 2006 quarter. Logistics revenue, which consists of revenue from brokerage and intermodal operations, climbed 98.4% to $13.3 million from $6.7 million in the 2006 quarter.
For the first quarter of 2007, net income decreased 9.1% to $4.6 million from $5.1 million for the same quarter of 2006.
