BNET Industries
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. MartenNumber of Employees 2,775
Peer Companies
NAICS Code Specialized Freight (except Used Goods) Trucking, Long-Distance: 484230
Recent Events
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Zacks Sell List Highlights: Pinnacle Financial Partners, Marten Transport Ltd., Genzyme Corporation and MDS Inc.
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Marten Transport Q2 net income increases 29%
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%
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Marten Transport Announces Second Quarter Results; Net Income Increases 29.1%
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Marten Transport Announces Second Quarter Results; Net Income Increases 29.1%
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MOCON Announces New $2 Million Repurchase Program for Common Stock
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MOCON Announces New $2 Million Repurchase Program for Common Stock
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Mocon announces share repurchase program
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