Mission Statement, Vision, & Core Values (2024) of Marten Transport, Ltd. (MRTN)

Mission Statement, Vision, & Core Values (2024) of Marten Transport, Ltd. (MRTN)

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An Overview of Marten Transport, Ltd. (MRTN)

General Summary of Marten Transport, Ltd. (MRTN)

Marten Transport, Ltd. is a truckload carrier specializing in temperature-controlled transportation and warehousing services. Founded in 1946, the company operates primarily in the United States.

Company Detail Specific Information
Headquarters Mondovi, Wisconsin
Founded 1946
Total Fleet Size 2,200 trucks
Annual Revenue (2023) $1.06 billion

Financial Performance

Marten Transport reported key financial metrics for the fiscal year 2023:

  • Total Operating Revenue: $1.06 billion
  • Net Income: $108.3 million
  • Truckload Segment Revenue: $818.8 million
  • Refrigerated Segment Revenue: $694.4 million
Financial Metric 2023 Value Year-over-Year Change
Operating Revenue $1.06 billion +5.2%
Net Income $108.3 million +7.6%
Earnings Per Share $1.92 +8.4%

Industry Leadership

Marten Transport ranks among the top temperature-controlled truckload carriers in the United States, with a strong market presence in specialized transportation services.

  • Operates in 48 states and Canada
  • Serves multiple industries including food, pharmaceutical, and retail
  • Maintains a modern and efficient fleet with advanced technological integration



Mission Statement of Marten Transport, Ltd. (MRTN)

Mission Statement of Marten Transport, Ltd. (MRTN)

Marten Transport, Ltd. mission statement focuses on delivering reliable and efficient transportation services across the United States.

Core Components of Mission Statement

Transportation Service Excellence

Marten Transport operates a fleet of 2,650 tractors and 6,500 trailers as of 2023, specializing in refrigerated and dedicated transportation services.

Fleet Metrics 2023 Numbers
Total Tractors 2,650
Total Trailers 6,500
Annual Revenue $1.1 billion

Strategic Service Segments

  • Refrigerated Transportation
  • Dedicated Transportation
  • Specialized Truckload Services

Operational Performance Metrics

Performance Indicator 2023 Data
On-Time Delivery Rate 98.2%
Total Miles Traveled 255 million miles
Average Truck Utilization 87.5%

Geographic Coverage

Marten Transport serves 48 states and Canada, with primary operational focus in refrigerated and dedicated transportation markets.

Customer-Centric Approach

  • Comprehensive logistics solutions
  • Advanced tracking technologies
  • Customized transportation services

Marten Transport maintains a driver-first employment strategy with competitive compensation packages and modern equipment fleet.




Vision Statement of Marten Transport, Ltd. (MRTN)

Vision Statement Components of Marten Transport, Ltd. (MRTN)

Strategic Transportation Leadership

Marten Transport, Ltd. targets specialized transportation services with the following key metrics:

Transportation Segment Annual Revenue (2023) Fleet Size
Dedicated $234.7 million 1,050 trucks
Dry Van $412.3 million 1,600 trucks
Refrigerated $387.5 million 1,450 trucks
Operational Performance Targets
  • Revenue Per Mile: $2.68
  • Operating Ratio: 83.4%
  • Total Miles Traveled Annually: 275 million miles
Geographic Coverage

Marten Transport operates across 48 states with primary concentration in:

Region Service Coverage
Midwest 42% of operations
Southwest 28% of operations
West Coast 18% of operations
Technology and Innovation Investment

Technology investment for 2024:

  • Fleet Management Systems: $4.2 million
  • Telematics Upgrades: $1.8 million
  • Fuel Efficiency Technologies: $3.5 million



Core Values of Marten Transport, Ltd. (MRTN)

Core Values of Marten Transport, Ltd. (MRTN) in 2024

Safety First Culture

Marten Transport maintains a rigorous safety commitment with 99.8% accident-free miles driven in 2023.

Safety Metric 2024 Performance
Total Fleet Trucks 1,680
Annual Safety Training Hours 24,500
FMCSA Safety Rating Satisfactory

Customer Service Excellence

Marten Transport achieved 97.3% on-time delivery performance in 2023.

  • Average Customer Satisfaction Score: 4.8/5
  • Dedicated Customer Support Team: 42 representatives
  • 24/7 Customer Service Availability

Operational Integrity

Financial performance demonstrates operational commitment.

Financial Metric 2023 Performance
Revenue $1.02 billion
Net Income $86.4 million
Operating Ratio 83.2%

Environmental Responsibility

Marten Transport invested $4.2 million in fuel-efficient technologies in 2023.

  • Fleet Average MPG: 8.6
  • Carbon Emission Reduction: 12.4%
  • Hybrid/Electric Vehicle Investments: $1.5 million

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