Marten Transport Ltd (NASDAQ: MRTN) is a temperature-sensitive truckload carrier that transports and distributes food and other consumer packaged goods requiring temperature-controlled or insulated environments across the United States, Mexico, and Canada. Revenue is generated on a per-shipment basis across five business platforms: Temperature-Sensitive Truckload, Dry Truckload, Dedicated, Brokerage, and MRTN de Mexico. The company sold its Intermodal operations effective September 30, 2025. In FY2025, Marten generated $883.7 million in operating revenue. Approximately 59% of Truckload and Dedicated revenue in FY2025 came from temperature-sensitive freight and 41% from dry freight. The company operates regional truckload services in the Southeast, West Coast, Midwest, South Central, and Northeast, with primary medium-to-long-haul lanes connecting the Midwest to the West Coast, Southwest, Southeast, and East Coast. The average length of haul in FY2025 was 405 miles. Marten describes itself as one of the leading temperature-sensitive truckload carriers in the United States.

Revenue model

Transactional per-shipment freight revenue across truckload, dedicated contract, and brokerage services. Revenue is primarily generated within the United States, with additional operations in Mexico and Canada through MRTN de Mexico.

Products and services

Temperature-sensitive truckload transportation, dry truckload transportation, dedicated contract carriage, freight brokerage, and cross-border trucking to Mexico and Canada (MRTN de Mexico). Intermodal operations were divested effective September 30, 2025.

Customers and end markets

Shippers of food and consumer packaged goods requiring temperature-controlled or insulated transport. End markets include grocery, food manufacturing, and consumer packaged goods. No customer concentration figures are disclosed in the available filing excerpts.

Value-chain role

Asset-based carrier and freight intermediary sitting between manufacturers or distributors and their downstream customers. Provides both company-operated trucking capacity and third-party brokerage capacity.

Geographic exposure

Primarily United States, with regional operations in the Southeast, West Coast, Midwest, South Central, and Northeast. Cross-border operations in parts of Mexico and Canada. Revenue is primarily generated from within the United States (FY2025, per 10-K filed 2026-02-27).

Source: SEC 10-K, filed 2026-02-27

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