MRTN: Marten Transport revenue falls 3.5% in nine months to $650.3M
9M 2026 revenue fell 3.5% to $650.3M, net of fuel down 7.9% to $546.6M; Truckload up 1.2%, Dedicated down 12.9%, Q3 operating ratio 99.6%.
What this filing says
Marten Transport reported a 3.5% drop in operating revenue for the first nine months of 2026, to $650.3 million, with revenue net of fuel surcharges down 7.9%. The decline was driven mainly by lower Intermodal and Dedicated revenue, partly offset by higher Truckload revenue and fuel surcharges. For shareholders, the filing shows a weaker top line but a Truckload segment whose operating ratio improved to 99.6% from 100.0%.
Key figures
- Nine-month operating revenue
- $650.3 million
- Nine-month revenue decline
- 3.5%
- Revenue net of fuel surcharges
- $546.6 million
- Fuel surcharge revenue
- $103.7 million
- Truckload operating ratio
- 99.6%
- Shares outstanding
- 81,661,669 shares
Positive for shareholders
- Truckload segment revenue rose 7.4% over the nine months, to $339.0 million.
- Truckload operating ratio improved to 99.6% from 100.0% a year earlier.
Negative for shareholders
- Operating revenue net of fuel surcharges fell 7.9% over the nine months.
- Dedicated revenue net of fuel surcharges dropped 12.9% due to a smaller average fleet.
- Intermodal revenue net of fuel surcharges declined by $28.7 million over the nine months.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Operating ratio:
- A trucking measure of operating expenses as a percentage of revenue, where a lower figure means better profitability.
- Fuel surcharge:
- An extra fee charged to customers to offset changes in diesel fuel costs.
- Dedicated segment:
- A service where the company runs trucks and drivers exclusively for a particular customer under a contract.
- Intermodal:
- Shipping that combines two or more transport modes, such as truck and rail, for a single load.
FAQ
How much did Marten Transport's operating revenue change in the first nine months of 2026?
Operating revenue decreased $23.2 million, or 3.5%, to $650.3 million compared with the first nine months of 2025.
Why did Marten Transport's Dedicated revenue decline?
The filing attributes the decline mainly to a decrease in average fleet size, partially offset by higher average revenue per tractor.
Historical context for MRTN
Across the 8 sessions after earlier MRTN headlines, the stock closed higher 2 times and lower 5 times, with a median move of 3.0% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | MRTN | SPY |
|---|---|---|---|
| Oct 23, 2026 | Marten Transport Announces Third Quarter Results | -4.2% | -0.5% |
| Aug 19, 2026 | MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND | -0.5% | +0.2% |
| Jul 24, 2026 | Marten Transport Announces Second Quarter Results | -3.4% | +0.1% |
| May 6, 2026 | MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND | +2.6% | +1.4% |
| Apr 24, 2026 | Marten Transport Announces First Quarter Results | -0.2% | +0.8% |
| Feb 23, 2026 | MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND | -5.2% | -1.0% |
Keep researching MRTN
- MRTN financial statementsRevenue, profit, cash flow and balance sheet from Marten Transport Ltd.'s SEC filings.
- What is Form 10-Q?The quarterly report US public companies file with the SEC for each of the first three fiscal quarters, with unaudited financial statements and MD&A.
- Form 10-K vs 10-QThe difference between a 10-K and a 10-Q: what each report contains, filing deadlines by company size, audited vs reviewed financials, and which sections to read first.
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Trucking Freight/Courier Services
- Listed since
- 1986
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