El transporte de operadores refrigerados Marten Transport informó una mejora secuencial en las tendencias de carga de camiones durante el cuarto trimestre de 2024, con ganancias que se infligen positivamente secuencialmente por primera vez desde el segundo trimestre de 2022. Marten (Nasdaq: MRTN)...
Marten Transport
Marten Transport’s earnings turn the corner in Q4
Refrigerated carrier Marten Transport reported sequential improvement in truckload trends during the 2024 fourth quarter, with earnings inflecting positively sequentially for the first time since the second quarter of 2022.
Marten (NASDAQ: MRTN) reported earnings per share of 7 cents Monday after the market closed, 1 cent better than the consensus estimate but 8 cents lower year over year. Gains on the sale of equipment were $1.4 million lower y/y, or approximately a 1-cent headwind.
The company...
https://www.freightwaves.com/news/marten-transports-earnings-turn-the-corner-in-q4
Marten’s earnings and almost all other key operating metrics down
(Editor’s note: A table posted yesterday by FreightWaves of key financial and operational data from Marten had errors. That table has been removed. The accompanying table is accurate).
Third-quarter earnings at Marten Transport were negative almost across the board, with little sign of a truckload market recovery visible in the numbers.
The company was profitable; it posted net earnings of 5 cents per share, down from 17 cents in the third quarter of 2023 and 10 cents per share in the second...
https://www.freightwaves.com/news/martens-earnings-and-almost-all-other-key-operating-metrics-down
Marten 3Q earnings: deterioriation in OR
The chart below are for some of the key performance metrics for Marten Transport. A fuller story will be published later.
The post Marten 3Q earnings: deterioriation in OR appeared first on FreightWaves.
https://www.freightwaves.com/news/marten-3q-earnings-deterioriation-in-or
Marten, citing weak freight market, cuts base salaries of 6 top executives
Marten Transport has cut the salaries of six key executives while keeping their other compensation intact.
In a filing with the Securities and Exchange Commission, the truckload carrier said it had reduced the salaries of four executives by 7.5%. The four are Randolph Marten, executive chairman; CEO Timothy Kohl; James Hinnendael, CFO and executive vice president; and President Douglas Petit.
Chief Operating Officer Adam Phillips’ salary was cut by 5%, as was that of Executive Vice President and...
Marten still holding line on rate cuts even as Q2 financials deteriorate
Second-quarter trucking conditions were on full display in the quarterly earnings of Marten Transport, released late Thursday.
The Truckload segment, which represents the nondedicated over-the-road activities of the company, was relatively busy, recording a slight increase in total miles driven, up almost 3%. Nonrevenue miles driven were down 80 basis points, which is a positive. Average miles per trip rose to 528 from 505.
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Bad news at Marten: Profits miss expectations, truckload OR plummets
Truckload carrier Marten Transport added to this week’s trucking earnings calamity, coming in short of consensus on first-quarter earnings per share and revenue, and suffering a 570-basis-point decline in its operating ratio.
Marten (NASDAQ: MRTN) posted GAAP earnings per share of 12 cents, which SeekingAlpha said was 2 cents less than the consensus forecast. That is a miss of about 14.3% compared to the consensus of 14 cents per share.
Revenue of $249.67 million was short of consensus by $14.2...
https://www.freightwaves.com/news/bad-news-at-marten-profits-miss-expectations-truckload-or-plummets
Marten’s earnings reflect weaker truckload market
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Quarterly earnings for Marten Transport (NASDAQ: MRTN) were those of a truckload carrier facing a...
https://www.freightwaves.com/news/martens-earnings-reflect-weaker-truckload-market
Marten sees minor pullback from Q1, sharper drop from a year ago
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