Marten’s net income moves up nearly 50 percent

The temperature-sensitive truckload carrier’s operating revenues climbed almost 15 percent.    Marten Transport Ltd. recorded a net income of $13.7 million, or 25 cents per diluted share, for the second quarter of 2018, a sharp increase from $9.1 million, or 17 cents per diluted share, for last year’s second quarter, according to the company’s latest financial statements.
   Mondovi, Wis.-based Marten Transport is a temperature-sensitive truckload carrier offering services in the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers.
   The company’s operating revenues for the second quarter of 2018 rose 14.9 percent year-over-year to $197 million — comprised of $94.4 million from the truckload segment, $57 million from the dedicated segment, $25.5 million from the intermodal segment and $20.2 million from the brokerage segment.
   As of June 30, Marten Transport had a total of 2,761 tractors, including 52 provided by independent contractors, with an average age of 1.6 years and 5,402 trailers with an average age of 2.6 years.