Every material Form 8-K Marten Transport has filed with the SEC since October 17, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Marten Transport reported third-quarter 2026 net income of $2.9 million, or 4 cents per diluted share, up from $2.2 million, or 3 cents, a year earlier, on operating revenue of $223.2 million. Net income for the first nine months fell to $9.6 million from $13.7 million, and management said higher net fuel and health insurance costs reduced third-quarter net income by $3.7 million. The filing includes no earnings guidance.
Q3 2026 net income was $2.9 million, or 4 cents per diluted share, versus $2.2 million, or 3 cents, in Q3 2025.
Operating revenue was $223.2 million versus $220.5 million; fuel surcharge revenue rose to $39.0 million from $26.5 million.
Nine-month net income was $9.6 million, or 12 cents per diluted share, versus $13.7 million, or 17 cents, a year earlier.
Management said net fuel and health insurance costs reduced Q3 net income by $3.7 million, or 4.5 cents per share, partly offset by a larger equipment sale gain.
Marten Transport amended its unsecured revolving credit agreement on August 19, 2026, extending the term to August 19, 2031 and raising the letter of credit sublimit to $50 million. The amendment also lowers the maximum aggregate principal amount to $100 million from $105 million and updates the margins for Term SOFR advances. For shareholders, the filing shows a longer borrowing term and a smaller maximum facility size, and the full Second Amendment will be filed with the next Form 10-Q.
Second Amendment dated August 19, 2026 extends the credit agreement term to August 19, 2031.
Letter of credit sublimit increases to $50 million from $35 million.
Maximum aggregate principal amount decreases to $100 million from $105 million; a Second Amended and Restated Revolving Note allows up to $50 million.
Full Second Amendment will be attached to Marten's next Quarterly Report on Form 10-Q.
Marten Transport reported second-quarter 2026 net income of $5.3 million, or 7 cents per diluted share, down from $7.2 million, or 9 cents, a year earlier. Operating revenue fell 2.8% to $223.5 million, partly reflecting the 2025 sale of its intermodal operations, and net income rose 286.3% from the first quarter of 2026. The filing gives no financial guidance, and the company is furnishing an investor presentation under Regulation FD.
Q2 2026 net income was $5.3 million, or 7 cents per diluted share, versus $7.2 million, or 9 cents, in Q2 2025
Operating revenue was $223.5 million versus $229.9 million; intermodal operations, sold in 2025, had $11.7 million of revenue in the 2025 quarter
Operating income was $6.9 million versus $9.7 million, and the consolidated operating ratio rose to 96.9% from 95.8%
Net income improved 286.3% sequentially from $1.4 million in Q1 2026; six-month net income was $6.7 million versus $11.5 million
On June 12, 2026, Marten Transport entered into a First Amendment to its August 16, 2022 unsecured revolving credit agreement with U.S. Bank National Association, as agent. The amendment raises the letter of credit sublimit from $30 million to $35 million and the maximum aggregate principal amount from $100 million to $105 million. The filing does not report any borrowings under the facility, so the change expands available borrowing capacity rather than showing new debt drawn.
Amendment dated June 12, 2026 raises the letter of credit sublimit from $30 million to $35 million.
Maximum aggregate principal amount that can be increased to rises from $100 million to $105 million.
Amended and Restated Revolving Note provides for up to $35 million aggregate principal.
Original five-year unsecured revolving facility was entered into August 16, 2022 with U.S. Bank National Association as agent.
At its May 5, 2026 annual meeting, stockholders elected all seven director nominees, approved the advisory say-on-pay resolution, and ratified Grant Thornton LLP as auditor for 2026. The Compensation Committee also raised base salaries for five named executive officers, effective April 5, 2026, and adopted a revised Executive Officer Performance Incentive Plan that changes how the bonus pool is calculated.
Chairman and CEO Randolph L. Marten's base salary rose from $818,000 to $842,600, effective April 5, 2026
President Douglas P. Petit's base salary rose from $401,000 to $440,000; Randall J. Baier's rose from $300,000 to $330,000
Revised incentive plan uses audited net income without adjustments and requires the net income increase to be at least 65 percent of the pre-bonus increase
Stockholders approved executive compensation with 71,852,429 votes for and 722,632 against; Grant Thornton LLP ratification received 75,043,366 votes for
Marten Transport reported first-quarter 2026 net income of $1.4 million, or 2 cents per diluted share, down from $4.3 million, or 5 cents, a year earlier. Operating revenue fell 8.8% to $203.5 million, and the company said winter storms and higher diesel prices weighed on results, while its intermodal business, sold in 2025, no longer contributes revenue.
Operating revenue was $203.5 million, compared with $223.2 million in the first quarter of 2025, a decline of 8.8%.
Operating income was $1.6 million, compared with $5.9 million a year earlier.
Dedicated segment revenue fell 13.8% to $63.5 million, and the consolidated operating ratio rose to 99.2% from 97.4%.
The company declared a dividend of $0.06 per common share, unchanged from the prior-year quarter.
Marten Transport reported fourth-quarter 2025 net income of $3.7 million, or 5 cents per diluted share, down from $5.6 million, or 7 cents, a year earlier, as operating revenue fell 8.8% to $210.1 million. Full-year 2025 net income was $17.4 million, or 21 cents per diluted share, compared with $26.9 million, or 33 cents, in 2024. Quarterly profit improved from the third quarter, but both the quarter and the year show lower earnings than the prior year.
Q4 2025 net income was $3.7 million, or 5 cents per diluted share, versus $5.6 million, or 7 cents, in Q4 2024.
Q4 2025 operating revenue was $210.1 million, down from $230.4 million; the Intermodal operations were sold effective September 30, 2025.
Full-year 2025 net income was $17.4 million, or 21 cents per diluted share, versus $26.9 million, or 33 cents, in 2024.
Q4 2025 net income rose 66.1% from $2.2 million in Q3 2025.
Marten Transport reported third-quarter 2025 net income of $2.2 million, or 3 cents per diluted share, down from $3.8 million, or 5 cents, a year earlier, on operating revenue of $220.5 million, down 7.1%. The company said it closed the sale of its intermodal assets to Hub Group, Inc. for $51.8 million in cash, effective September 30, 2025, which it said clarifies its focus on core operations.
Q3 2025 operating revenue was $220.5 million, compared with $237.4 million in Q3 2024.
Q3 2025 net income was $2.2 million, or 3 cents per diluted share, versus $3.8 million, or 5 cents, in Q3 2024.
Nine-month 2025 net income was $13.7 million, or 17 cents per diluted share, versus $21.3 million, or 26 cents, in the 2024 period.
Intermodal assets were sold to Hub Group, Inc. for $51.8 million in cash, effective September 30, 2025.
Marten Transport's Chief Executive Officer, Timothy M. Kohl, retired effective the close of business on September 30, 2025, under a separation agreement signed that day. The company will pay him a lump sum of $620,000 (before payroll deductions and withholding) and COBRA premiums for up to 3 months, in exchange for a release of claims and certain ongoing obligations.
Timothy M. Kohl retired as CEO effective the close of business on September 30, 2025.
Separation agreement dated September 30, 2025 provides a $620,000.00 lump sum payment, less required deductions and withholding.
Company will pay COBRA premiums for up to 3 months after the retirement date.
Marten Transport CEO Timothy Kohl will retire effective September 30, 2025. Randolph Marten, the company's Executive Chairman, will become Chairman of the Board and CEO effective October 1, 2025. The filing says the company has not yet entered into any new material compensation arrangements tied to Marten's appointment as CEO.
Timothy M. Kohl retires as CEO as of close of business September 30, 2025
Randolph L. Marten, age 72, named Chairman and CEO effective October 1, 2025
Marten has been a full-time employee since 1974 and Executive Chairman since May 2021
No new material compensation arrangements tied to the CEO appointment as of the filing date
Marten Transport reported second-quarter 2025 net income of $7.2 million, or 9 cents per diluted share, down from $7.9 million, or 10 cents, a year earlier. Operating revenue fell 6.6% to $229.9 million, and the filing shows a lower six-month profit of $11.5 million compared with $17.5 million in the 2024 period. The company attributed the results to a freight market recession, cost inflation, freight rate reductions and network disruptions.
Q2 2025 net income was $7.2 million, or 9 cents per diluted share, versus $7.9 million, or 10 cents, in Q2 2024.
Q2 2025 operating revenue was $229.9 million, down from $246.2 million, with fuel surcharge revenue down to $26.1 million from $32.7 million.
Six-month 2025 net income was $11.5 million, or 14 cents per diluted share, versus $17.5 million, or 22 cents, in the first six months of 2024.
Quarterly dividend declared was 6 cents per common share, unchanged from the prior year.
Marten Transport said its compensation committee reinstated named executive officer base salaries effective April 7, 2025, ending the temporary reductions made from September 9, 2024. Stockholders at the May 6, 2025 annual meeting elected all seven director nominees, approved the 2025 Equity Incentive Plan, backed an advisory say-on-pay resolution and ratified Grant Thornton LLP as auditor.
Base salaries restored effective April 7, 2025; CEO Timothy M. Kohl's salary is $751,000, and Randolph L. Marten's is $818,000
James J. Hinnendael's base salary rose from $412,000 to $450,000 as part of the reinstatement
2025 Equity Incentive Plan approved with 73,147,677 votes for and 3,184,644 against
Ratification of Grant Thornton LLP approved with 78,043,261 votes for and 199,934 against
Marten Transport reported first-quarter 2025 net income of $4.3 million, or 5 cents per diluted share, down from $9.6 million, or 12 cents, a year earlier. Operating revenue fell 10.6% to $223.2 million, and management cited freight market oversupply, weak demand and trade policy volatility as pressures on earnings.
Net income was $4.3 million, or 5 cents per diluted share, for the quarter ended March 31, 2025, versus $9.6 million, or 12 cents, a year earlier.
Operating revenue was $223.2 million versus $249.7 million; operating income was $5.9 million versus $12.3 million.
Consolidated operating ratio rose to 97.4% from 95.1%; Dedicated segment operating income fell 47.6% to $4.9 million.
The company also furnished investor presentation slides under Regulation FD, which it may use in 2025 investor meetings.
Marten Transport director Thomas J. Winkel notified the company on February 13, 2025 that he will not stand for reelection at the 2025 Annual Meeting of Stockholders, citing personal reasons. He will remain on the board until that meeting, and he said the decision does not reflect any disagreement with the company on its operations, policies or practices.
Notice given to the company on February 13, 2025
Thomas J. Winkel will serve on the board until the 2025 Annual Meeting of Stockholders
Winkel cited personal reasons and said there was no disagreement with the company
Marten Transport reported fourth-quarter 2024 net income of $5.6 million, or 7 cents per diluted share, down from $12.4 million, or 15 cents, a year earlier. Operating revenue fell 14.1% to $230.4 million, and for the full year net income was $26.9 million, or 33 cents per diluted share, versus $70.4 million, or 86 cents, in 2023. Net income did rise 50.1% from the third quarter of 2024, which the company describes as its first sequential improvement in net income, operating income and operating ratio, net of fuel surcharges, since the second quarter of 2022.
Q4 2024 operating revenue $230.4 million vs. $268.2 million in Q4 2023; operating income $6.7 million vs. $15.7 million
Q4 2024 net income $5.6 million (7 cents per diluted share), up 50.1% from Q3 2024 net income of $3.8 million
Full-year 2024 operating revenue $963.7 million vs. $1.131 billion in 2023; net income $26.9 million (33 cents per diluted share) vs. $70.4 million (86 cents)
Marten Transport reported third-quarter 2024 operating revenue of $237.4 million, down 15.1% from $279.5 million a year earlier. Net income fell to $3.8 million, or 5 cents per diluted share, from $13.6 million, or 17 cents, in the third quarter of 2023. The company blamed a prolonged freight market recession, oversupply, weak demand, inflationary operating costs and freight rate reductions, which lowered profit for shareholders.
Q3 2024 operating revenue of $237.4 million vs. $279.5 million in Q3 2023
Q3 2024 net income of $3.8 million, or 5 cents per diluted share, vs. $13.6 million, or 17 cents
Consolidated operating ratio of 98.2% vs. 93.8% a year earlier; nine-month net income of $21.3 million, or 26 cents per share, vs. $58.0 million, or 71 cents
Dividend of $0.06 per common share declared in the quarter, unchanged from the prior year
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