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MARTEN TRANSPORT REPORTS FISCAL YEAR AND FOURTH-QUARTER PROFITS

 MARTEN TRANSPORT REPORTS FISCAL YEAR AND FOURTH-QUARTER PROFITS
 MONDOVI, Wis., Mar. 11 /PRNewswire/ -- Marten Transport, Ltd. (NASDAQ-NMS: MRTN) today reported revenues of $87.8 million for the fiscal year ended Dec. 31, 1991, up 8 percent from revenues of $81.3 million in 1990. Income for 1991, before the cumulative effect of a change in accounting method for recognizing revenue, improved 18 percent to $2.1 million, or 62 cents per share. This compares with net income of $1.8 million, or 52 cents per share, in 1990.
 Effective Jan. 1, 1991, Marten changed its method of recognizing revenue and related expenses to comply with the recent guidance issued by the Financial Accounting Standards Board. The effect of this change was a one-time, non-operating charge of $143,000, or 5 cents per share, to after-tax earnings in 1991.
 The company's operating income for 1991 rose to $5.8 million from $5.4 million at the end of 1990. Marten's operating ratio, which compares operating costs to revenues, declined to 93.3 percent from 93.4 percent last year. For the fourth quarter ended Dec. 31, 1991, Marten posted revenues of $22.0 million, up 5 percent from $21.0 million for the same period in 1990. Net income for the quarter was $485,000, or 15 cents per share, compared with $546,000, or 15 cents per share, in 1990.
 Operating income for 1991 fourth quarter was $1.3 million, versus $1.3 million for the 1990 period. Fourth-quarter 1991 operating ratio increased to 93.9 percent from 93.7 percent in the year-earlier period.
 "Our results reflect that the emphasis we've placed on cost containment programs and improved operation of our fleet are working," said Roger R. Marten, chairman of the board and chief executive officer. "We are continuing these programs in 1992 that will help Marten remain a key player in a very competitive marketplace."
 Marten Transport, Ltd., with headquarters in Mondovi, Wis., provides time- and temperature-sensitive truckload motor carrier services to customers nationwide. The company serves customers with more demanding delivery deadlines or those who ship products requiring modern temperature-controlled trailers to protect goods. The company's common stock is traded on the NASDAQ National Market System under the symbol MRTN.
 MARTEN TRANSPORT, LTD.
 STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
 (In thousands, except per share amounts)
 Three Months 12 Months
 Ended December 31, Ended December 31,
 1991 1990 1991 1990
 Operating revenues $22,039 $21,040 $87,763 $81,349
 Operating expenses 20,693 19,715 81,917 75,965
 Operating income 1,346 1,325 5,846 5,384
 Other expenses:
 Interest expense 653 624 2,771 2,853
 Other, principally
 interest income (95) 194 (373) (407)
 -- 558 430 2,398 2,446
 Income before income
 taxes and cumulative
 effect of change in
 accounting principle 788 895 3,448 2,938
 Provision for income
 taxes 303 349 1,340 1,146
 Income before cumulative
 effect of change in
 accounting principle $485 $546 $2,108 $1,792
 Cumulative effect of
 change in the method
 of revenue recognition -- -- (143) --
 Net income $485 $546 $1,965 $1,792
 Retained Earnings:
 Beginning of period 13,566 11,540 12,086 10,294
 End of period 14,051 12,086 14,051 12,086
 Earnings per share data:
 Income before cumulative
 effect of change in
 accounting principle .15 .15 .62 .52
 Cumulative effect of
 change in the
 method of revenue
 recognition -- -- (.05) --
 Net income per common
 and common equivalent
 share $.15 $.15 $.57 $.52
 Weighted average common
 and common equivalent
 shares outstanding 3,424,457 3,415,610 3,423,364 3,415,610
 -0- 3/11/92
 /CONTACT: Kathy Burnham or Marian Briggs of Padilla Speer Beardsley, 612-871-8877, for Marten Transport or Darrell D. Rubel of Marten Transport, 715-926-4216/
 (MRTN) CO: Marten Transport, Ltd. ST: Minnesota IN: TRN SU: ERN


AL -- MN009 -- 7380 03/11/92 14:55 EST
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Date:Mar 11, 1992
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