BNET Industries

Marten Transport, Ltd.

(MRTN) is in the Transportation Industry

Market Cap:$396.1M
Last Fiscal Year Sales:$607.0M
  • Public
  • US
Dow Jones Description

The primary source of our operating revenue is truckload revenue, which we generate by transporting long-haul and regional freight for our customers and report within our Truckload segment. Generally, we are paid by the mile for our services. We also derive truckload revenue from fuel surcharges, loading and unloading activities, equipment detention and other ancillary services. The main factors that affect our truckload revenue are the rate per mile we receive from our customers, the percentage of miles for which we are compensated and the number of miles we generate with our equipment. We monitor our revenue production primarily through average truckload revenue, net of fuel surcharges, per tractor per week. We also analyze our average truckload revenue, net of fuel surcharges, per total mile, non-revenue miles percentage, the miles per tractor we generate, our accessorial revenue and our other sources of operating revenue. Our operating revenue also includes revenue reported within our Logistics segment, which consists of revenue from our internal brokerage and intermodal operations, both launched in 2005, and through our 45% interest in MWL, a third-party provider of logistics services to the transportation industry. Brokerage services involve arranging for another company to transport freight for our customers while we retain the billing, collection and customer management responsibilities. ...

Chairman of the Board, Chief Executive Officer, Director
Randolph L. Marten
Number of Employees 2,775
Contact Information

129 Marten St

Mondovi, Wisconsin 54755-1733

www.marten.com

(715) 926-4216

NAICS Code Specialized Freight (except Used Goods) Trucking, Long-Distance: 484230

Recent Events

  • Zacks Sell List Highlights: Pinnacle Financial Partners, Marten Transport Ltd., Genzyme Corporation and MDS Inc.

    10/23/09 - Financial Announcement - View Story

  • Marten Transport Q2 net income increases 29%

    7/22/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Jerry M. Bauer President of Bauer Built, Inc., Durand, Wisconsin
Larry B. Hagness President of Durand Builders Service, Inc., Durand, Wisconsin
Timothy Kohl President
James J. Hinnendael Chief Financial Officer
Robert Smith Chief Operating Officer
Timothy P. Nash Executive. Vice President of Sales & Marketing
John H. Turner Vice President of Sales
Roger Marten Founder
Tom Letscher Secretary, Partner, Oppenheimer Wolff & Donnelly Llp, Minneapolis, Minnesota
Christine K. Marten Director, Flight Attendant, Northwest Airlines, Mondovi, Wisconsin
Susan Deetz Marten Transport Director of Human Resources
Thomas J. Winkel Director, Management Consultant, Pewaukee, Wisconsin
G. Larry Owens Director

Board of Directors

Name (plus bio) Position
Randolph L. Marten Chairman of the Board, Chief Executive Officer, Director
Robert L. Demorest President, Chief Executive Officer and Chairman of the Board of Mocon, Inc., Minneapolis, Minnesota
Marten Transport President & Chairman of the Board

Organization Position Status
Marten Transport, Ltd. Chairman of the Board, Chief Executive Officer, Director Current
Marten Transport, Ltd. Chief Operating Officer Former
Marten Transport, Ltd. Vice President Former
Marten Transport, Ltd. Founder Former
Marten Transport, Ltd. Board of Directors Former

Organization Position Status
MOCON, Inc. Chairman, President & CEO Current
Marten Transport, Ltd. President, Chief Executive Officer and Chairman of the Board of Mocon, Inc., Minneapolis, Minnesota Current
Marten Transport, Ltd. Director Current

Organization Position Status
Bauer Built, Inc. President Current
Marten Transport, Ltd. President of Bauer Built, Inc., Durand, Wisconsin Current
Marten Transport, Ltd. Director Current

Organization Position Status
Marten Transport, Ltd. President of Durand Builders Service, Inc., Durand, Wisconsin Current
Durand Builders Service Inc. President Current
Marten Transport, Ltd. Board of Directors Current

Organization Position Status
Marten Transport, Ltd. President & Chairman of the Board Current

Organization Position Status
Marten Transport, Ltd. President Current
Human Resources Incorporated Knight S Vice President Former

Organization Position Status
Marten Transport, Ltd. Chief Financial Officer Current

Organization Position Status
Marten Transport, Ltd. Chief Operating Officer Current
Marten Transport, Ltd. Vice President of Operations Former
Transport Corporation of America, Inc. Director of Operations Former
Marten Transport, Ltd. Director of Operations Former
Marten Transport, Ltd. Board of Directors Former

Organization Position Status
Marten Transport, Ltd. Executive. Vice President of Sales & Marketing Current
Marten Transport, Ltd. Regional Sales Manager Former
Overland Express Regional Sales Manager Former

Organization Position Status
Marten Transport, Ltd. Vice President of Sales Current
Naterra land Vice President Former

Roger Marten founded Marten Transport, Ltd. in 1946 at the age of 17, delivering milk and other dairy products. His routes at that time were primarily in the Modena, Wisconsin area where Roger was born and raised. Driving for the Modena Co-op Creamery, Roger purchased his first truck route with a $400 loan from his mother. In the 1950's he expanded his milk delivery routes, purchased and drove school buses, and hauled petroleum products with his first tractor-trailer. Company founder Roger Marten, shows off his first milk delivery

Organization Position Status
Marten Transport, Ltd. Founder Current

Organization Position Status
Marten Transport, Ltd. Secretary, Partner, Oppenheimer Wolff & Donnelly Llp, Minneapolis, Minnesota Current
Oppenheimer Wolff & Donnelly Llp Partner Current
Marten Transport, Ltd. Secretary Current
Careers Inc. Board of Directors Current
Marten Transport, Ltd. Secretary Former
University of Minnesota Adjunct Faculty, Carlson School of Management Former
Carolina Academic Press Former
University of Wisconsin B.S. In Engineering Former

Organization Position Status
Marten Transport, Ltd. Director, Flight Attendant, Northwest Airlines, Mondovi, Wisconsin Current
Marten Transport, Ltd. Board of Directors Current

Organization Position Status
Marten Transport, Ltd. Marten Transport Director of Human Resources Current

Organization Position Status
Marten Transport, Ltd. Director, Management Consultant, Pewaukee, Wisconsin Current
Marten Transport, Ltd. Chair Current
Road Rescue Chief Executive Officer Former
Road Rescue President Former
Road Rescue Owner Former
Marten Transport, Ltd. Management Consultant Former
Road Rescue Chairman of the Board Former

Organization Position Status
Marten Transport, Ltd. Director Current

Executive News

  • Marten Transport Q2 net income increases 29%

    TradingMarkets - 7/22/09 - View Story

  • Marten Transport Announces Second Quarter Results; Net Income Increases 29.1%

    TradingMarkets - 7/21/09 - View Story

  • Marten Transport Announces Second Quarter Results; Net Income Increases 29.1%

    Street Insider - 7/21/09 - View Story

  • MOCON Announces New $2 Million Repurchase Program for Common Stock

    Forbes.com - 6/26/09 - View Story

  • MOCON Announces New $2 Million Repurchase Program for Common Stock

    Business Wire - 6/26/09 - View Story

  • Mocon announces share repurchase program

    The Minneapolis/St. Paul Business Journal - 6/26/09 - View Story

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     MRTN $18.10 +0.52 (2.96% )
Average Volume 148,979
Shares Outstanding 21.89M
Market Cap 396.1M
Year High 22.5199
Year Low 14.71
Earnings Per Share 0.80
P/E Ratio 22.62
Dividend N/A
Yield N/A
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