QUOTE AND NEWS
Forbes  Jul 21  Comment 
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.  So let's look at two noteworthy recent insider buys.
StreetInsider.com  Mar 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Marten+Transport+Ltd+%28MRTN%29+Declares+%240.25+Quarterly+Dividend%3B+4.8%25+Yield/9260069.html for the full story.
StreetInsider.com  Dec 3  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Marten+Transport+Ltd+%28MRTN%29+Declares+%240.025+Quarterly+Dividend%3B+0.5%25+Yield/8944085.html for the full story.
StreetInsider.com  Oct 15  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Marten+Transport+Ltd+%28MRTN%29+Reports+In-Line+Q3+EPS/8778948.html for the full story.
StreetInsider.com  Aug 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Marten+Transport+Ltd+%28MRTN%29+Declares+%240.025+Quarterly+Dividend%3B+0.6%25+Yield/8597406.html for the full story.
StreetInsider.com  Jul 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Marten+Transport+Ltd+%28MRTN%29+Misses+Q2+EPS+by+1c/8505126.html for the full story.
Benzinga  Jun 4  Comment 
In a report published Tuesday, Stifel Nicolaus analyst John Larkin downgraded Marten Transport (NASDAQ: MRTN) from Buy to Hold, and removed the $25.00 price target. In the report, Stifel Nicolaus noted, “We are downgrading the shares of...
StreetInsider.com  May 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Stock+Splits/Marten+Transport+Ltd+%28MRTN%29+Declares+3-for-2+Stock+Split/8330348.html for the full story.
StreetInsider.com  May 3  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Marten+Transport+Ltd+%28MRTN%29+Declares+%240.025+Quarterly+Dividend%3B+0.5%25+Yield/8304639.html for the full story.
StreetInsider.com  Apr 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Marten+Transport+Ltd+%28MRTN%29+Tops+Q1+EPS+by+6c/8256996.html for the full story.




 
TOP CONTRIBUTORS

Marten Transport, Ltd. is a temperature-sensitive truckload carrier in the United States. The company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. The company operates in two segments: Truckload and Logistics.[1] Due to increase in fuel prices, the truckload segment has experienced both an increase in expenses due to gas prices and an increase in revenues due to fuel surcharges.[2]

Business Growth

MRTN's operating revenue increased $11.0 million, or 2.2%, in 2010.[2] This increase was primarily due to fuel surcharge revenue increasing by $20.2 million, or 36.2%, caused by significantly higher fuel prices in 2010. [2]

Key Trends and Forces

Costs Are Affected by Oil Prices

Since Marten Transport s a shipping company, gas prices are one of the greatest contributors to cost, especially when fuel prices are not as stable. Even the smallest increase in the price of diesel fuel has a large impact on the trucking industry; the American Trucking Association estimates that expenses on fuel increase by $391 million annually if fuel increases by just one cent.[2] It's clear that unpredictable fluctuations in fuel prices can cause costs - and therefore earnings - to be volatile

Market Consolidation

Due to the financial crisis, the truckload sector is moving towards consolidation, meaning a few larger companies will dominate the sector, squeezing out smaller firms. It's likely that this will continue because some smaller firms are forced out by competition by larger firms or combine with others. If this continues to happen, this trend will be advantageous to Marten Transport, as it is a large provider and has the opportunity to capture more market share and customers as smaller competitors continue exit.

Competition


In the shipping industry, prices charged for shipping services are influenced and determined by fuel rates, equipment availability - how many trucks are on hand for services, the overall economic climate, as well as competitors' prices. There are about a quarter of a million trucks that have excess capacity to deliver freight, which means increased competition and smaller profit margins.


References

  1. Reuters: Company Profile - MTRN.O
  2. 2.0 2.1 2.2 2.3 Wikinvest SEC Files: MRTN 2010 10-K, Item 7
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