Trade Marten Transport Ltd - MRTN CFD

Marten Transport Company profile

About Marten Transport, Ltd

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage. It operates throughout the United States and in parts of Canada and Mexico. The Company's medium-to-long-haul traffic lanes are between the Midwest and the West Coast, Southwest, Southeast, and the East Coast, as well as from California to the Pacific Northwest. It provides regional truckload carrier services in the Southeast, West Coast, Midwest, South Central and Northeast regions. It also offers fuel surcharges, loading and unloading activities, equipment detention and other accessorial services. The Company's Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Marten Transport, Ltd revenues increased 11% to $973.6M. Net income increased 23% to $85.4M. Revenues reflect Brokerage segment increase of 50% to $145.3M, Dedicated segment increase of 6% to $329.4M, Truckload segment increase of 5% to $396.7M. Net income benefited from Truckload segment income increase of 29% to $51M, Brokerage segment income increase from $7M to $14.8M.

Equity composition

Common Stock $.01 Par, 05/11, 48M auth., 21,983,597 issd. Insiders own 29.22%. Public Offering 9/86, 1,000,000 shares @ $13 by Alex. Brown & Sons; Wessels, Arnold & Henderson. 12/05, 12/03, 7/03, 1/98, 3-for-2 stock splits.