Marten Transport Results Presentation Deck
Operating Results
The severe freight recession in 2023 significantly impacted our operating results
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.
Operating Results Comparison-Percentage Change vs. Same Period of Prior Year
Year
Ended
December 31,
Year
Ended
December 31,
2021 vs. 2020
2023 vs. 2022
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.
Operating revenue
Operating revenue, net of
fuel surcharges
Operating income
Net income
(10.5)%
(7.7)%
(37.1)%
(36.2)%
Year
Ended
December 31,
2022 vs. 2021
29.8%
23.1%
28.3%
29.2%
11.4%
8.3%
19.8%
22.9%
Year
Ended
December 31,
2020 vs. 2019
3.7%
MARTENM +
6.8%
21.9%
13.8%
Year
Ended
December 31,
2019 vs. 2018
7.1%
TRANSPORT
LTD.
8.6%
8.7%
11.0%View entire presentation