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MARTEN TRANSPORT REPORTS STRONG FIRST-QUARTER RESULTS

 MONDOVI, Wis., May 4 /PRNewswire/ -- Marten Transport, Ltd. (NASDAQ-NMS: MRTN), a nationwide trucking firm based here, today reported higher revenue and net income for the first quarter ended March 31, 1993. Operating revenue for the period increased 12 percent to $25.8 million, compared with $23.0 million for the same period last year.
 Net income for the 1993 first quarter was $934,000, or 27 cents per share, compared with net income of $517,000, or 15 cents per share, last year. Operating income for the period totaled $2.1 million in 1993, versus $1.4 million last year. Marten's ratio of operating costs to revenues was 91.7 percent at the end of the 1993 first quarter, compared with 93.9 percent in 1992.
 "We're very pleased with our results for the quarter and attribute the increased profitability to three primary factors," said Roger R. Marten, chairman and chief executive officer. "First, we had a gain on sale of revenue equipment traded totaling $342,000, primarily due to the strong market for used equipment. Second, equipment utilization has continued to improve. During the quarter, we reduced the fleet's empty miles percentage while maintaining total miles per tractor. Finally, continued strong expense controls helped profits."
 Marten Transport, Ltd., with headquarters in Mondovi, provides time- and temperature-sensitive truckload motor carrier services to customers nationwide. The company services customers with more demanding delivery deadlines or those who ship products requiring modern temperature- controlled trailers to protect goods. Marten's common stock is traded on the NASDAQ National Market System under the symbol MRTN.
 MARTEN TRANSPORT, LTD.
 CONDENSED STATEMENTS OF INCOME
 (Unaudited)
 Three Months Ended
 3/31/93 3/31/92
 Operating revenue $25,843,730 $22,998,187
 Operating expenses 23,697,436 21,603,525
 Operating income 2,146,294 1,394,662
 Other expenses (income):
 Interest expense 634,805 604,649
 Interest income and other (45,282) (58,321)
 Income before income taxes 1,556,771 848,334
 Provision for income taxes 622,708 330,857
 Net income $934,063 $517,477
 Net income per common and
 common equivalent share $.27 $.15
 Weighted average common
 and common equivalent
 shares outstanding 3,456,709 3,429,258
 -0- 5/4/93
 /CONTACT: Darrell D. Rubel of Marten Transport, 715-926-4216; or Kathy Burnham or Marian Briggs, both of Padilla Speer Beardsley, 612-871-8877/
 (MRTN)


CO: Marten Transport, Ltd. ST: Wisconsin IN: SU: ERN

KH -- MN009 -- 4330 05/04/93 12:27 EDT
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Publication:PR Newswire
Date:May 4, 1993
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