Marten Transport Expands Dry Truckload Operations Into Mexico
14 Febrero 2022 - 4:14PM
Marten Transport, Ltd. (Nasdaq/GS:MRTN) today announced its dry
truckload operations have begun hauling dry van products between
Mexico and the U.S. with the first load delivering on time, as
expected, February 11th.
This added dry van transportation service
solution for Marten’s customers will enhance the already strong
profitable growth of both Marten’s dry regional truckload
operations and MRTN de Mexico’s refrigerated operations. With these
additional services, Marten is broadening its dry truckload
operations from the Company’s terminal facilities in Atlanta,
Kansas City, Tampa and Phoenix into its Dallas, Laredo, and Otay
Mesa facilities.
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Dry
Regional Truckload Profitable Growth |
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Percentage |
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Percentage |
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Percentage |
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Increase |
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Increase |
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Increase |
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Year |
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Year |
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Year |
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Ended |
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Ended |
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Ended |
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December 31, |
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December 31, |
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December 31, |
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2021 vs. 2020 |
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2020 vs. 2019 |
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2019 vs. 2018 |
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Operating
revenue |
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26.4 |
% |
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5.9 |
% |
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85.2 |
% |
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Operating revenue,
net of fuel surcharges |
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21.5 |
% |
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9.5 |
% |
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86.5 |
% |
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Operating
income |
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81.8 |
% |
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59.5 |
% |
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34.8 |
% |
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Marten Transport, with headquarters in Mondovi,
Wis., is a multifaceted business offering a network of refrigerated
and dry truck-based transportation capabilities across the
Company’s five distinct business platforms - Truckload, Dedicated,
Intermodal, Brokerage and MRTN de Mexico. Marten is one of the
leading temperature-sensitive truckload carriers in the United
States, specializing in transporting and distributing food,
beverages and other consumer packaged goods that require a
temperature-controlled or insulated environment. The Company offers
service in the United States, Canada and Mexico, concentrating on
expedited movements for high-volume customers. Marten’s common
stock is traded on the Nasdaq Global Select Market under the symbol
MRTN.
This press release contains certain statements
that may be considered forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements include a discussion of Marten’s prospects for
future growth and by their nature involve substantial risks and
uncertainties, and actual results may differ materially from those
expressed in such forward-looking statements. Important factors
known to the Company that could cause actual results to differ
materially from those discussed in the forward-looking statements
are discussed in Part I, Item 1A of the Company’s Annual Report on
Form 10-K for the year ended December 31, 2020 and in Part II, Item
1A of the Company’s Quarterly Report on Form 10-Q for the quarter
ended September 30, 2021. The Company undertakes no obligation to
correct or update any forward-looking statements, whether as a
result of new information, future events or otherwise.
CONTACTS: Tim Kohl, Chief Executive Officer, and
Jim Hinnendael, Executive Vice President and Chief Financial
Officer, of Marten Transport, Ltd., 715-926-4216.
Marten Transport (NASDAQ:MRTN)
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