Marten Transport’s earnings continue to be pressured by the ongoing freight market recession’s oversupply and weak demand, Executive Chairman Randolph Marten said in an earnings press release last week.
The carrier’s Q2 operating income went down 2.4% at $9.7 million compared to approximately $10 million a year ago; its operating ratio essentially remained flat at 95.2%, compared to 95.3% YoY, the carrier reported in an earnings presentation last week.
The trucking industry has been grappling with an early peak season, lower demand and oversupply. On top of these challenges, the ongoing tariff frenzy also continues to create uncertainty for carriers.
Still, the carrier remains expects future improvement from current market conditions.
Marten is focused on “minimizing the freight market’s impact — and the impact of the U.S. and global economies with the current trade policy volatility while investing in and positioning our operations to capitalize on profitable organic growth opportunities.”
The chairman also said such growth opportunities are expected to be positively impacted by anticipated additional industry capacity exits relating to increased enforcement of the English Language Proficiency and B-1 visa regulations.
State and federal officials were set to enforce out-of-service violations starting on June 25 for failure to comply with English-language proficiency, following several rule changes made in May.
