Marten Transport rises on higher Q2 revenue and profit

Marten Transport

18/07/2022 21:47

** Shares of Marten Transport Ltd  MRTN.O  up ~3% at $17.59
after the bell
    ** Company's Q2 operating revenue rose 41.8% to $329.6 mln
    ** MRTN's Q2 net income rose to $31.7 mln, or 39 cents/shr,
from $21.4 mln, or 26 cents/shr, a year earlier  urn:newsml:reuters.com:*:nGNX5JB8lY
    ** Executive Chairman Randolph Marten says unrelenting
national shortage of qualified drivers is long-term double-edged
sword for the industry which has tightened the freight market
while limiting fleet size
    ** Marten adds company structurally improving its drivers'
jobs and work-life balance by collaborating with customers and
by also increasing driver compensation
    ** Up to Monday's close, stock had risen marginally 

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))