Marten Transport Results Presentation Deck
Organic Operating Results
Each of our business platforms is positioned to capitalize on growth opportunities
as the market moves out of the freight recession
MARTENM +
TTRANSPORT
LTD.
Nothing has changed since Chris Henry wrote this in Dec. 2018:
"Quarter-over-quarter, year-over-year, Marten Transport (NASDAQ: MRTN) has delivered consistent, top
quartile results. Key word is consistent. When compared to many of the others, you don't see very
many blips in operating expenses or legal exposures that may cause multi-period hangovers for
others. Everything I read about them through their earnings releases and SEC filings point to a very
disciplined operating team... Marten has hung with and bettered the performance of many of the
big dogs."
Henry, Chris. Marten Transport Delivers the Goods. TCA Truckload Indexes, Dec. 2018
In each of the five years from 2018 through 2022, we set the then-current record for our highest annual
operating revenue and operating income. We also achieved in each of 2020 through 2022 our then-best
operating ratio, net of fuel s/c, for any year since we became a public company in 1986.
This year's earnings were heavily pressured by the freight market recession's weak demand and
oversupply, inflationary operating costs, and cumulative impact of decreased freight rates leading to
freight network disruptions.
We remain focused on both minimizing the freight market's impact on our operations, and investing in
and positioning our operations to capitalize on profitable organic growth opportunities as the market
moves toward equilibrium from its current recessionary late stages - with fair compensation for our
premium services. Accordingly, we have not agreed to any rate reductions since last August.
"Energy and persistence conquer all things." - Benjamin FranklinView entire presentation