Marten reports fewer trucking miles but notches 14% TL rate gain
Marten Transport reported a 14% year-over-year increase in truckload rates, reducing its Q3 operating loss to $192,000. Operating revenue rose 4% to $94 million. The company reduced its fleet size by 154 tractors. Dedicated segment operating income fell 64% to $1.3 million, with revenue down 9% to $51.4 million. CEO Randolph Marten highlighted the company's debt-free balance sheet and investment plans.
