Truckload carrier Marten Transport brought in a lot more revenue in the fourth quarter of 2022 compared to a year earlier but posted a much smaller gain in net income.
Net of fuel, operating revenue at Marten (NASDAQ: MRTN) rose 15.8%, though total operating revenue, which included fuel, climbed 20.9%, to $322.6 million from $266.9 million in the fourth quarter of 2021. Operating income rose to $32.78 million from $30.67 million, and after taxes and other charges last quarter of about $500,000,...
https://www.freightwaves.com/news/marten-revenue-up-but-net-income-growth-lowest-in-over-2-years