MARTEN TRANSPORT LTD
For the period ended Oct 22, 2026. Filed Oct 22, 2026.
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Oct 22, 2026 · Filed Oct 22, 2026
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MRTN$11.74-2.0%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · OPERATING STATISTICS
OPERATING STATISTICS
| · · Three Months · · · Nine Months · | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Ended September 30, · · · Ended September 30, · | ||||||||||||||||
| · · 2026 · · · 2025 · · · 2026 · · · 2025 · | ||||||||||||||||
| Truckload Segment: | | | | | | | | | | | | | | | | |
| Revenue (in thousands) | | $117,304 | | | $104,829 | | | $339,014 | | | $315,706 | | ||||
| Average revenue, net of fuel surcharges, per tractor per week(1) | | $4,749 | | | $4,129 | | | $4,588 | | | $4,178 | | ||||
| Average tractors(1) | | | 1,507 | | | | 1,661 | | | | 1,543 | | | | 1,674 | |
| Average miles per trip | | | 506 | | | | 508 | | | | 511 | | | | 523 | |
| Non-revenue miles percentage(2) | | | 10.7% | | | 11.0% | | | 10.7% | | | 11.1% | ||||
| Total miles (in thousands) | | | 34,825 | | | | 38,081 | | | | 108,587 | | | | 115,575 | |
| | | | | | | | | | | | | | | | | |
| Dedicated Segment: | | | | | | | | | | | | | | | | |
| Revenue (in thousands) | | $67,190 | | | $67,010 | | | $197,949 | | | $212,509 | | ||||
| Average revenue, net of fuel surcharges, per tractor per week(1) | | $3,862 | | | $3,776 | | | $3,896 | | | $3,811 | | ||||
| Average tractors(1) | | | 1,013 | | | | 1,142 | | | | 1,035 | | | | 1,214 | |
| Average miles per trip | | | 292 | | | | 292 | | | | 295 | | | | 300 | |
| Non-revenue miles percentage(2) | | | 1.1% | | | 1.1% | | | 1.1% | | | 1.3% | ||||
| Total miles (in thousands) | | | 21,559 | | | | 23,206 | | | | 65,960 | | | | 73,574 | |
| | | | | | | | | | | | | | | | | |
| Brokerage Segment: | | | | | | | | | | | | | | | | |
| Revenue (in thousands) | | $38,737 | | | $38,780 | | | $113,337 | | | $111,658 | | ||||
| Loads | | | 22,141 | | | | 25,940 | | | | 70,613 | | | | 70,450 | |
| | | | | | | | | | | | | | | | | |
| Intermodal Segment: | | | | | | | | | | | | | | | | |
| Revenue (in thousands) | | $ | - | | | $9,851 | | | $ | - | | | $33,671 | | ||
| Loads | | | - | | | | 2,956 | | | | - | | | | 10,168 | |
| Average tractors | | | - | | | | 61 | | | | - | | | | 72 | |
| | | | | | | | | | | | | | | | | |
| At September 30, 2026 and September 30, 2025: | | | | | | | | | | | | | | | | |
| Total tractors(1) | | | 2,501 | | | | 2,823 | | | | | | | | | |
| Average age of company tractors (in years) | | | 2.5 | | | | 2.2 | | | | | | | | | |
| Total trailers | | | 5,065 | | | | 5,165 | | | | | | | | | |
| Average age of company trailers (in years) | | | 5.3 | | | | 4.9 | | | | | | | | | |
| Ratio of trailers to tractors(1) | | | 2.0 | | | | 1.8 | | | | | | | | | |
| · · Three Months · · · Nine Months · | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Ended September 30, · · · Ended September 30, · | ||||||||||||||||
| (In thousands) · · 2026 · · · 2025 · · · 2026 · · · 2025 · | ||||||||||||||||
| | | | | | | | | | | | | | | | | |
| Net cash provided by operating activities | | $22,567 | | | $18,538 | | | $83,285 | | | $87,906 | | ||||
| Net cash provided by/(used for) investing activities | | | (30,144) | | | 5,786 | | | | (21,020) | | | (35,742) | |||
| Net cash used for financing activities | | | (4,900) | | | (4,891) | | | (14,040) | | | (14,946) | ||||
| | | | | | | | | | | | | | | | | |
| Weighted average shares outstanding: | | | | | | | | | | | | | | | | |
| Basic | | | 81,662 | | | | 81,520 | | | | 81,623 | | | | 81,508 | |
| Diluted | | | 81,664 | | | | 81,527 | | | | 81,625 | | | | 81,516 | |
| (1) | Includes tractors driven by both company-employed drivers and independent contractors. Independent contractors provided 77 and 83 tractors as of September 30, 2026 and 2025, respectively. |
| (2) | Represents the percentage of miles for which the company is not compensated. |
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