Marten Transport, Ltd. (MRTN) Bundle
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 LeadershipMarten 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 |
- Revenue Per Mile: $2.68
- Operating Ratio: 83.4%
- Total Miles Traveled Annually: 275 million miles
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 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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