Tuesday, April 24, 2018

Marten Transport profit falls on higher costs


Wednesday, April 21, 2010
Marten said its costs rose in the first quarter, especially for fuel and transportation it purchased for its brokerage and logistics businesses.
Marten said its costs rose in the first quarter, especially for fuel and transportation it purchased for its brokerage and logistics businesses.

MONDOVI, Wis. — Marten Transport Ltd., which hauls food and other consumer goods in temperature-controlled trucks, said Tuesday its profit fell despite an increase in fuel-surcharge revenue.

The company's cost rose too, especially for fuel and transportation it purchased for its brokerage and logistics businesses.

Marten said it earned $3.9 million, or 18 cents per share, compared with $4.1 million, also 18 cents per share, a year earlier.

Analysts expected the company to earn 15 cents per share, according to a survey by Thomson Reuters.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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