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Sep 30, 2020
Marten Transport Q3 2020 Earnings Report
Net income improved and operating income increased over the 2019 quarter.
Key Takeaways
Marten Transport reported an 8.8% increase in net income to $18.0 million for the third quarter ended September 30, 2020, compared to $16.6 million for the same period in 2019. Operating income improved by 21.8% to $24.4 million.
Net income improved 8.8% to $18.0 million, or 22 cents per diluted share.
Operating income improved 21.8% to $24.4 million.
Operating revenue improved to $216.0 million.
Operating expenses as a percentage of operating revenue improved to 88.7%.
Marten Transport
Marten Transport
Forward Guidance
The company expects to build on its success in expanding capacity and increasing compensation for premium services.
Positive Outlook
- Strength of quickly making data-driven decisions and adjustments utilizing our in-house operating technology.
- Increasing and will continue to increase the compensation for our premium services within the tightening freight market.
- Expanding the capacity we provide within our unique multifaceted business model.
- Support our diverse and growing customer base.
- Offering the best jobs for the industry’s top, experienced drivers.