Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2020, the company operated a fleet of 3,331 tractors, including 3,188 company-owned tractors and 143 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.
IPO Year: 1986
Exchange: NASDAQ
Website: marten.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | Outperform → Mkt Perform | Raymond James | |
| 7/9/2024 | $22.00 → $19.00 | Buy → Hold | Vertical Research |
| 5/15/2024 | $20.00 | Outperform | Raymond James |
| 1/10/2024 | $25.00 | Hold → Buy | Vertical Research |
| 8/17/2022 | $24.00 → $25.00 | Buy → Hold | Vertical Research |
| 1/26/2022 | $20.00 → $21.00 | Overweight | Stephens & Co. |
| 9/10/2021 | Market Perform | Raymond James | |
| 8/9/2021 | Overweight → Sector Weight | Keybanc |
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4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
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Raymond James downgraded Marten Transport from Outperform to Mkt Perform
Vertical Research downgraded Marten Transport from Buy to Hold and set a new price target of $19.00 from $22.00 previously
Raymond James resumed coverage of Marten Transport with a rating of Outperform and set a new price target of $20.00
Vertical Research upgraded Marten Transport from Hold to Buy and set a new price target of $25.00
Vertical Research downgraded Marten Transport from Buy to Hold and set a new price target of $25.00 from $24.00 previously
Stephens & Co. reiterated coverage of Marten Transport with a rating of Overweight and set a new price target of $21.00 from $20.00 previously
Raymond James initiated coverage of Marten Transport with a rating of Market Perform
Keybanc downgraded Marten Transport from Overweight to Sector Weight
Vertical Research initiated coverage of Marten Transport with a rating of Buy and set a new price target of $22.00
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MONDOVI, Wis., May 05, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on June 30, 2026 to stockholders of record at the close of business on June 16, 2026. This is Marten's 64th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $281.0 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted
MONDOVI, Wis., April 23, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $1.4 million, or 2 cents per diluted share, for the first quarter ended March 31, 2026, compared with $4.3 million, or 5 cents per diluted share, for the first quarter of 2025. Operating revenue was $203.5 million for the first quarter of 2026 compared with $223.2 million for the first quarter of 2025. Our intermodal operations, which were sold in 2025, had operating revenue of $12.1 million in the 2025 quarter. Excluding fuel surcharges, operating revenue was $177.2 million for the 2026 quarter compared with $195.8 million for the 2025 quarter. Fuel surcharge revenue d
MONDOVI, Wis., Feb. 20, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on March 31, 2026 to stockholders of record at the close of business on March 17, 2026. This is Marten's 63rd consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $276.1 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multiface
MONDOVI, Wis., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $3.7 million, or 5 cents per diluted share, for the fourth quarter ended December 31, 2025, compared with $5.6 million, or 7 cents per diluted share, for the fourth quarter of 2024. The 2025 fourth-quarter earnings improved 66.1% sequentially from 2025 third-quarter net income of $2.2 million, or 3 cents per diluted share. For the year ended December 31, 2025, net income was $17.4 million, or 21 cents per diluted share, compared with $26.9 million, or 33 cents per diluted share, for 2024. Operating revenue was $210.1 million for the fourth quarter of 2025 compared with $23
MONDOVI, Wis., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on December 29, 2025 to stockholders of record at the close of business on December 15, 2025. This is Marten's 62nd consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $271.2 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a mul
MONDOVI, Wis., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $2.2 million, or 3 cents per diluted share, for the third quarter ended September 30, 2025, compared with $3.8 million, or 5 cents per diluted share, for the third quarter of 2024. For the nine-month period ended September 30, 2025, net income was $13.7 million, or 17 cents per diluted share, compared with $21.3 million, or 26 cents per diluted share, for the 2024 nine-month period. Operating revenue was $220.5 million for the third quarter of 2025 compared with $237.4 million for the third quarter of 2024. Excluding fuel surcharges, operating revenue was $194.0 million fo
MONDOVI, Wis., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) closed on the previously announced agreement to sell assets related to its intermodal business to Hub Group, Inc. (NASDAQ:HUBG), effective September 30, 2025. The transaction was structured as an asset sale of certain intermodal equipment, including over 1,200 refrigerated containers, and contracts to Hub Group, Inc. for $51.8 million in cash. About Marten Transport Marten Transport, with headquarters in Mondovi, Wis., 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 t
OAK BROOK, Ill., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Effective September 30, 2025, Hub Group, Inc. (NASDAQ:HUBG) closed on the previously announced acquisition of certain assets of Marten Transport, Ltd. Intermodal ("Marten Intermodal"), a division of Marten Transport, Ltd. (NASDAQ:MRTN). The acquisition adds approximately 1,200 refrigerated containers and intermodal commercial relationships with a diversified group of shippers within the food and beverage industry. This continues Hub's strategic investment of capital within the core business to support growing volumes and improved network fluidity. Additional information related to this transaction can be found on Hub Group's Investor pa
MONDOVI, Wis., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that Timothy Kohl, the Company's Chief Executive Officer, has decided to retire from his role as Chief Executive Officer effective September 30, 2025. Randolph Marten, the Company's Executive Chairman of the Board of Directors and previous Chief Executive Officer, has been named Chairman of the Board of Directors and Chief Executive Officer, effective October 1, 2025. "We are very thankful to Tim for his tenure as CEO and previously as President with the Company since joining us in 2007. He championed the Company's transformation to a multifaceted business that led to a period of unpre
MONDOVI, Wis., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on September 30, 2025 to stockholders of record at the close of business on September 16, 2025. This is Marten's 61st consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $266.3 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a m
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MONDOVI, Wis., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that Timothy Kohl, the Company's Chief Executive Officer, has decided to retire from his role as Chief Executive Officer effective September 30, 2025. Randolph Marten, the Company's Executive Chairman of the Board of Directors and previous Chief Executive Officer, has been named Chairman of the Board of Directors and Chief Executive Officer, effective October 1, 2025. "We are very thankful to Tim for his tenure as CEO and previously as President with the Company since joining us in 2007. He championed the Company's transformation to a multifaceted business that led to a period of unpre
MONDOVI, Wis., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Adam D. Phillips to an executive officer as its Executive Vice President and Chief Operating Officer, effective December 13, 2023. "I'm extremely pleased to announce the appointment of Adam Phillips as our Executive Vice President and Chief Operating Officer. Adam's appointment is a continuation of our plan to develop and transition to our next generation of leadership," said Randy Marten, Executive Chairman of the Board of Directors. "Adam will continue to be an integral member of our leadership team involved in our strategic business vision and day-
MONDOVI, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Randall J. Baier as its Executive Vice President and Chief Technology Officer, effective August 15, 2023. "I'm extremely pleased to announce the appointment of Randy Baier as our Executive Vice President and Chief Technology Officer," said Randy Marten, Executive Chairman of the Board of Directors. "Randy will continue to be a key member of our leadership team involved in our strategic business vision and day-to-day operations. Randy's exemplary professional and managerial skills combined with decades of experience are integral to the management of ou
MONDOVI, Wis., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Douglas P. Petit as its new President, effective today. Doug Petit will succeed Tim Kohl, who has served as the Company's President since 2008. Tim Kohl was recently appointed as Chief Executive Officer on May 4, 2021. "I'm extremely pleased to announce the appointment of Doug Petit as our President. Doug's appointment is a continuation of our plan to develop and transition to our next generation of leadership. As our Chief Operating Officer, Doug has been a key leader in our successful business transition and growth. Now as our President, Doug will b
MONDOVI, Wisc., May 04, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has appointed Tim Kohl as its new Chief Executive Officer, effective today. Tim Kohl will succeed Randy Marten, who has served as the Company's Chief Executive Officer since 2005. Randy Marten will serve as Executive Chairman of the Board of Directors as part of this transition. "It's been a great honor and privilege to lead Marten Transport as its Chairman since 1993 and as its Chief Executive Officer since 2005, and to oversee the transition of the company that my father founded from a long-haul carrier to a multifaceted business offering a network of r
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MONDOVI, Wis., May 05, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on June 30, 2026 to stockholders of record at the close of business on June 16, 2026. This is Marten's 64th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $281.0 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted
MONDOVI, Wis., April 23, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $1.4 million, or 2 cents per diluted share, for the first quarter ended March 31, 2026, compared with $4.3 million, or 5 cents per diluted share, for the first quarter of 2025. Operating revenue was $203.5 million for the first quarter of 2026 compared with $223.2 million for the first quarter of 2025. Our intermodal operations, which were sold in 2025, had operating revenue of $12.1 million in the 2025 quarter. Excluding fuel surcharges, operating revenue was $177.2 million for the 2026 quarter compared with $195.8 million for the 2025 quarter. Fuel surcharge revenue d
MONDOVI, Wis., Feb. 20, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on March 31, 2026 to stockholders of record at the close of business on March 17, 2026. This is Marten's 63rd consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $276.1 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multiface
MONDOVI, Wis., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $3.7 million, or 5 cents per diluted share, for the fourth quarter ended December 31, 2025, compared with $5.6 million, or 7 cents per diluted share, for the fourth quarter of 2024. The 2025 fourth-quarter earnings improved 66.1% sequentially from 2025 third-quarter net income of $2.2 million, or 3 cents per diluted share. For the year ended December 31, 2025, net income was $17.4 million, or 21 cents per diluted share, compared with $26.9 million, or 33 cents per diluted share, for 2024. Operating revenue was $210.1 million for the fourth quarter of 2025 compared with $23
MONDOVI, Wis., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on December 29, 2025 to stockholders of record at the close of business on December 15, 2025. This is Marten's 62nd consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $271.2 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a mul
MONDOVI, Wis., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $2.2 million, or 3 cents per diluted share, for the third quarter ended September 30, 2025, compared with $3.8 million, or 5 cents per diluted share, for the third quarter of 2024. For the nine-month period ended September 30, 2025, net income was $13.7 million, or 17 cents per diluted share, compared with $21.3 million, or 26 cents per diluted share, for the 2024 nine-month period. Operating revenue was $220.5 million for the third quarter of 2025 compared with $237.4 million for the third quarter of 2024. Excluding fuel surcharges, operating revenue was $194.0 million fo
MONDOVI, Wis., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on September 30, 2025 to stockholders of record at the close of business on September 16, 2025. This is Marten's 61st consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $266.3 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a m
MONDOVI, Wis., July 16, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $7.2 million, or 9 cents per diluted share, for the second quarter ended June 30, 2025, compared with $7.9 million, or 10 cents per diluted share, for the second quarter of 2024. For the six-month period ended June 30, 2025, net income was $11.5 million, or 14 cents per diluted share, compared with $17.5 million, or 22 cents per diluted share, for the 2024 six-month period. Operating revenue was $229.9 million for the second quarter of 2025 compared with $246.2 million for the second quarter of 2024. Excluding fuel surcharges, operating revenue was
MONDOVI, Wis., May 06, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on June 27, 2025 to stockholders of record at the close of business on June 13, 2025. This is Marten's 60th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $261.4 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifacete
MONDOVI, Wis., April 16, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $4.3 million, or 5 cents per diluted share, for the first quarter ended March 31, 2025, compared with $9.6 million, or 12 cents per diluted share, for the first quarter of 2024. Operating revenue was $223.2 million for the first quarter of 2025 compared with $249.7 million for the first quarter of 2024. Excluding fuel surcharges, operating revenue was $195.8 million for the 2025 quarter compared with $215.7 million for the 2024 quarter. Fuel surcharge revenue decreased to $27.4 million for the 2025 quarter from $33.9 million for the 2024 quarter. Operating income was $5.
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