Marten Transport’s earnings, the first out of the gate for truckload carriers, showed some signs of the market weakness that is evident in growing capacity and falling rates, but they weren’t quite flashing red.
Some operating comparisons to the third quarter of 2021 were flat to weaker depending on the segment. There also was some sequential data from the second quarter reflecting lower numbers, though in a business as seasonal as trucking, sequential numbers have their shortcomings.
For the...
https://www.freightwaves.com/news/martens-q3-mixed-compared-to-year-ago-but-slows-from-q2