Marten Transport, Ltd.
9.86-0.02 (-0.2%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · MRTN · USD
Key Stats
Market Cap
803.79MP/E (TTM)
41.08Basic EPS (TTM)
0.24Dividend Yield
0.02%Recent Filings
8-K
Q3 earnings dip; intermodal sold
Marten Transport reported Q3 net income of $2.2 million, down from $3.8 million last year, as operating revenue fell 7.1% to $220.5 million amid freight recession pressures. The company sold its intermodal assets to Hub Group for $51.8 million in cash, effective September 30, sharpening focus on core truckload and dedicated operations. Dedicated and brokerage units held steady, while truckload posted a loss. Strong balance sheet aids tech investments.
8-K
CEO Kohl retires with severance
Marten Transport's CEO Timothy M. Kohl retired effective September 30, 2025, as previously announced, finalizing his separation with a $620,000 lump-sum severance and three months of COBRA premium coverage. The agreement includes Kohl's release of all claims against the company, plus covenants for cooperation, non-disparagement, confidentiality, and a one-year non-solicitation of employees and customers. Leadership transition smooth. This caps a planned handover, minimizing disruptions while securing executive commitments.
8-K
CEO transition announced
Marten Transport announced CEO Timothy Kohl's retirement effective September 30, 2025, after leading the company's growth since 2007. Randolph Marten, a veteran employee since 1974 and former CEO, steps in as Chairman and CEO starting October 1, 2025, ensuring seamless continuity. No new compensation details disclosed yet. Leadership stability anchors operations amid trucking volatility.
10-Q
Q2 FY2025 results
Marten Transport's Q2 revenue dipped 6.6% year-over-year to $229.9 million, yet operating income held steady at $9.7 million, buoyed by a 110% surge in Truckload profits to $2.3 million amid lower driver pay and bigger equipment sale gains. Dedicated revenue fell 11.6% to $71.9 million on a shrinking fleet, while Brokerage grew 6.6% to $39.9 million from more loads; Intermodal lost $0.7 million on sagging volumes. EPS landed at $0.09, matching last year, with diluted shares at 81,517 thousand reconciling cleanly. Cash swelled to $35.1 million on $69.4 million operating flows minus $38.8 million net equipment buys, no debt drawn on the $30 million facility (7.6 million available). Post-quarter, they inked a $51.8 million cash deal to offload Intermodal assets to Hub Group by Q3 end. Tariffs could crimp shipping volumes further.
8-K
Q2 earnings dip amid recession
Marten Transport reported Q2 2025 net income of $7.2 million, or 9 cents per diluted share, down from $7.9 million, or 10 cents, a year earlier, amid a freight market recession squeezing earnings through oversupply, weak demand, and inflationary costs. Operating revenue fell 6.6% to $229.9 million, with fuel surcharges dropping to $26.1 million from $32.7 million, yet the operating ratio held steady at 95.8%. Dedicated and brokerage units shone. Capacity exits loom.
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