Modovi, WI, US: Marten Transport reported its highest net income for any quarter and year. Net income was up 12.3% in 2012 to a US$27.3m from $24.3m.
Net income for the fourth quarter of 2012 increased to $7,719,000 from $7,663,000 year on year.
Operating revenue from truckload and logistics operations increased to $166.4m in the fourth quarter last year from $158.3m in the fourth quarter of 2011, and increased to $638.5m in 2012 from $603.7m in 2011.
Operating revenue, net of fuel surcharges, increased 4.1% to $134.2m in the 2012 quarter from $128.8m in the 2011 quarter, and increased 5.4% to $517.3m in 2012 from $490.7m in 2011.
Fuel surcharge revenue increased to $32.2m for the fourth quarter of 2012 from $29.5m in the 2011 quarter, and increased to $121.1 million for 2012 from $113.0 million in 2011.
Operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharge revenue, increased slightly to 90.2% for the fourth quarter of 2012 from 89.9% for the fourth quarter of 2011, and improved to 91.1% for 2012 from 91.2% for 2011.
Randolph L. Marten, chairman and chief executive says: “We are encouraged by our continued solid results which are driven by our ongoing profitable development and growth of our regional, intermodal, brokerage and MRTN de Mexico operations in collaborative relationships with our customers.”
Marten Transport is a temperature-controlled truckload carriers servimng the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers.
