Marten Transport Q3 net income falls to $3.8 million, or 5 cents a share
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 17, 2024.
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