Marten hit hard by weather, but bottom line is improved
Marten hit hard by weather, but bottom line is improved Company retains its sub-90% operating ratio from fourth quarter Photo: Jim Allen/FreightWaves Marten Transport (NASDAQ: MRTN) kicked off the truckload earnings season with a report that showed modest gains in revenue compared to the first quarter of last year, but a significant increase in operating and net income. In a phone interview with FreightWaves, Tim Kohl, president, and Jim Hinnendael, executive vice president and chief financial officer, said the company had been hit hard by the snow and ice of the Texas/southeast U.S...
Source: freightwaves.com