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Marten Transport Reports Lower Fourth-Quarter Income
Refrigerated truckload carrier Marten Transport’s fourth-quarter income fell 27% to $5.2 million or 24 cents a share, from $7.1 million or 32 cents a year earlier.
Fourth-quarter operating revenue rose 5% to $131.7 million from a year earlier, the company said late Thursday.For the full year, Marten’s income fell 2.2% to $24.5 million, o$1.12 a share, from $25.1 million or $1.14 a year earlier. Operating revenue rose 12.8% to $518.9 million.Non-freight revenue including intermodal and logistics operations rose 143.4% for the quarter to $12.4 million and 132.9% for the year to $39.3 million, the company said.Marten is ranked No. 53 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.