By Emon Reiser
Shares for Marten Transport declined after the temperature-sensitive truckload company reported lower income and sales, weighed down by a lingering oversupply of carriers and tepid demand across the freight market.
The stock lost was off by 6.6% at $9.98 in midday trading on Friday. Shares are down 36% year to date.
"Our earnings have continued to be significantly pressured by the historic duration and depth of the freight market recession's oversupply and weak demand--and the cumulative impact of inflationary operating costs, unacceptable freight rate reductions and freight network disruptions," Chief Executive Randolph Marten said.
Marten posted net income of $2.2 million, or 3 cents a share, for the quarter ended Sept. 30, after the close on Thursday. That was down from $3.8 million, or 5 cents a share, in the year-ago quarter.
Operating revenue slid 7% to $220.5 million, missing the $225.3 million analysts polled by FactSet expected.
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
October 24, 2025 12:04 ET (16:04 GMT)
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