Marten revenue up, but net income growth lowest in over 2 years

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,...

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