Marten Transport expects to report higher earnings
July 1, 2002
Citing an improved operating environment and strong equipment utilization, Marten Transport Ltd said it expects to report net income for its second quarter
Citing an improved operating environment and strong equipment utilization, Marten Transport Ltd said it expects to report net income for its second quarter ending June 30, 2002, in a range of 63 to 68 cents per diluted share. The company reported net income of 46 cents per diluted share for 2001's second quarter, and 16 cents per diluted share in first-quarter 2002.
Randolph L Marten, president and chairman of the board, said this quarter's earnings growth reflects a modest but encouraging rise in freight demand during the quarter, coupled with effective expense and fleet management.
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