RELEASE DATE: October 19, 2005
MONDOVI, Wis. Marten Transport Ltd. (NASDAQ:MRTN), a leader in the time and temperature sensitive transportation industry for more than half a century, announced today that it has been named to the Forbes Magazine List of 200 Best Small Companies.
The ranking (No. 179) marks the companys first inclusion in the annual list, which Forbes.com describes as, solid and consistent hitters that have performed well when measured over the last 12 months and the past five years, and are poised for another growth spurt.
The list includes companies with annual revenues from $5 to $750 million, net profit margins greater than 5%, and share prices above $5 as of Sept. 29, 2005. The companies were ranked based on return on equity, sales and EPS growth over time.
This is quite an honor for Marten Transport, said company Chief Operating Officer Bob Smith. Were excited about being named to the Forbes list and view this recognition as a tribute to the hard working, committed drivers, contractors, employees and management team that have helped make us a success.
Marten Transport Ltd., which was recently named the Best Place to Work in Western Wisconsin by Chippewa Valley B2B Magazine, was founded in 1946 as a small dairy transportation service. Today the company hauls freight across the United States and Canada for some of the most successful companies in the world. It specializes in transporting frozen food, beverages, pharmaceuticals and other consumer-packaged goods that require a temperature-sensitive or insulated environment.
Marten Transport operates more than 2,400 tractors and 3,300 trailers. It employs nearly 2,300 people and operates four regional facilities (Forest Park, Ga., Ontario, Ca., Indianapolis, Ind., and Wilsonville, Ore.) in addition to its corporate headquarters in Mondovi, Wis.