Marten Transport (MRTN)
Moves refrigerated, insulated, dry, dedicated, and brokered freight across North America.
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Provides truckload, dedicated fleet, and brokerage services for food, beverages, consumer packaged goods, and dry freight, with a US-centered network reaching Mexico and Canada. The portfolio no longer includes Intermodal operations after the September 2025 asset sale.
Carries temperature-controlled, insulated, and dry truckload freight for food, beverage, and consumer-packaged-goods shippers. Service is concentrated in the United States, with cross-border Mexico and Canada lanes handled through operating and brokerage arrangements.
Current sellable lines are Truckload, Dedicated, Brokerage, and Mexico cross-border service. Dedicated builds customer-specific transportation solutions with temperature-controlled trailers, dry vans, and specialized equipment, while Brokerage arranges freight through contracted third-party carriers.
The portfolio changed after the September 2025 sale of Intermodal assets to Hub Group. Freight demand, rate competition in a fragmented truckload market, carrier consolidation, and logistics brokers' influence over customer relationships shape the business.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 24, 2026 | Stephens | Target | Target: — | Target: $16 |
| Oct 14, 2024 | Raymond James | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $104.0M · Total debt $358.0K · Total assets $955.5M · Shareholders' equity $766.0M
- Revenue
- $223.5M
- Operating income
- $5.2M
- Net income
- $5.3M
HistoryDividendAnnual yield
| Institutions | 76.38% | 62.38M shares | |
|---|---|---|---|
| 237 holders · as of Jun 30, 2026 | |||
| Insiders | 23.02% | 18.80M shares | |
| 12 holders · as of Jul 30, 2026 | |||
| Other | 0.60% | 487.5K shares | |
| remainder | |||
81.66M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Randolph L. MartenInsiderdirector, 10 percent owner, officer: Chairman of the Board and CEO | 21.73% | 17.74M | filed Jul 30, 2026 |
BlackRock, Inc.Institution | 12.32% | 10.06M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.12% | 5.00M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 3.43% | 2.80M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.34% | 2.72M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Knight-Swift Transportation
Broad overlap in refrigerated, dedicated, dry van, and brokerage
- J.B. Hunt
Large dedicated, brokerage, truckload, and cross-border rival
- Werner Enterprises
Dedicated and one-way truckload with Mexico logistics overlap
- Schneider National
Truckload, dedicated, brokerage, and North America network overlap
- Landstar System
Asset-light truckload and logistics network across cold chain lanes
- Heartland Express
Dry van truckload peer with smaller refrigerated and Mexico overlap
- Covenant Logistics
Dedicated truckload and managed freight overlap
- Hub Group
Logistics, cold-chain brokerage, and dedicated trucking overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Marten Transport | $13.22 | −0.94% | $1.09B | 86.0 | 26.8 | 1.3 | −2.8% |
| Knight-Swift Transportation | $68.13 | +1.55% | $10.92B | 259.7 | 20.5 | 1.4 | +12.6% |
| J.B. Hunt | $236.16 | −0.53% | $22.30B | 33.6 | 27.5 | 1.8 | +19.4% |
| Werner Enterprises | $35.05 | +0.73% | $2.09B | — | 20.2 | 0.6 | +24.0% |
| Schneider National | $32.40 | −0.31% | $5.69B | 50.8 | 24.0 | 1.0 | +10.4% |
| Landstar System | $169.45 | +0.46% | $5.72B | 43.7 | 24.9 | 1.1 | +18.2% |
| Heartland Express | $11.66 | −1.44% | $916.7M | — | 38.1 | 1.2 | −12.5% |
| Covenant Logistics | $34.12 | −0.64% | $863.9M | 343.4 | 15.6 | 0.7 | +9.9% |
| Hub Group | $31.82 | −0.75% | $1.94B | — | 38.7 | — | −1.0% |
| Median | 50.8 | 24.4 | 1.1 | +11.5% |