While year-on-year comparisons are the standard for earnings seasons, comparisons this year between the first and second quarters are necessary to grasp how much worse things were for trucking between April and June relative to the first three months of the year.
For Marten Transport (NASDAQ: MRTN), the answer was: not all that much worse.
The companywide operating ratio net of fuel came in at 88.7% from 88.6% one quarter earlier, a tiny deterioration. In the second quarter of 2022, when freight...
https://www.freightwaves.com/news/marten-sees-minor-pullback-from-q1-sharper-drop-from-a-year-ago