What Marten Transport Intermodal does

Marten Transport, Ltd. is a publicly traded (NASDAQ: MRTN), asset-based temperature-sensitive truckload carrier providing refrigerated, dry van, dedicated, brokerage, and cross-border transportation services across the United States, Mexico, and Canada. Founded in 1946 in Mondovi, Wisconsin, the company operates from 20+ U.S. terminal locations with a fleet of approximately 2,900 tractors and 3,680+ team members. Its customer base is concentrated among large enterprise shippers in food and beverage, grocery, pharmaceutical, chemicals, and cold-storage logistics — including Walmart, Coca-Cola, Abbott Nutrition, US Cold Storage, Chemours, Geodis, and Niagara Bottling — many of which are served under multi-year dedicated contracts.

The company's core products are Refrigerated Truckload (regional and OTR), Dry Van (including Mexico cross-border since 2022), Dedicated contract services using customized equipment, Brokerage for surge capacity, and International door-to-door services between Mexico, the U.S., and Canada. Its technology stack centers on proprietary information systems that provide real-time load tracking and data-driven supply chain visibility, supplemented by a driver settlement portal, customer load-tracking app, and an equipment sales portal. The company became fully solar-powered at its terminals in 2021 and introduced its first electric vehicle in 2024.

The business model is asset-based trucking: Marten generates revenue through contract-based dedicated services, transactional truckload, brokerage fees, and international movements. Pricing is quote-based and not publicly disclosed. In September 2025, Marten completed the $51.8 million divestiture of its intermodal division to Hub Group — including over 1,200 refrigerated containers and customer contracts — to refocus on core truckload operations. Q1 2026 revenue stood at approximately $210 million with a thin ~0.8% operating margin, against a debt-free balance sheet holding roughly $70 million in cash.

Name

Marten Transport Intermodal

Legal name

Marten Transport, Ltd.

Website

https://marten.com

Company type

Public

Founded year

1946

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Marten Transport is a publicly traded asset-based temperature-sensitive truckload carrier operating refrigerated, dry van, dedicated, brokerage, and cross-border services across the United States, Mexico, and Canada for large enterprise shippers in food, beverage, pharmaceutical, and chemical industries.

Ownership category

akta.pro rank

Headquarters

HQ city

Mondovi

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Truckload Transportation Services: Core revenue from temperature-controlled and dry van truckload services, including regional and OTR operations from 15 terminals across the US
2. Dedicated Transportation Services: Customized transportation solutions utilizing temperature-controlled, dry and specialized equipment for dedicated customer operations
3. Brokerage Services: Providing surge flexibility for customers through freight brokerage operations
4. International Transportation: Door-to-door service between Mexico, the U.S., and Canada
5. Intermodal Services (Discontinued): Refrigerated intermodal container services - sold to Hub Group in September 2025 for $51.8 million

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Marten Transport operates as a temperature-sensitive truckload carrier providing transportation services across the United States, Mexico, and Canada. The company delivers refrigerated regional and OTR operations, dry van service, dedicated contract carriage, brokerage capacity, and door-to-door international service from 20+ U.S. terminals using a fleet of approximately 2,900 tractors. Note: The intermodal division was sold to Hub Group, Inc. in September 2025 for $51.8 million.

Product overview

Marten Transport is a temperature-sensitive truckload carrier offering a portfolio of transportation services across the United States, Mexico, and Canada. The core offerings include Refrigerated Truckload (refrigerated regional and OTR operations) and Dry Van services, supplemented by Dedicated Services (customized solutions using temp, dry, and specialized equipment), Brokerage (surge capacity flexibility), and International Services (cross-border door-to-door capabilities). The company operates from 20+ U.S. locations with a fleet of approximately 2,900 tractors and 3,680+ team members. Note: The intermodal division was sold to Hub Group in September 2025.

Differentiator

Problem solved

Functional benefit

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Hub GroupmajorStrategic or Co-development Partner · 30 September 2025Hub Group acquired Marten Transport's intermodal division for $51.8 million in cash. The transaction included approximately 1,200 refrigerated containers and customer contracts. The acquisition more than doubled Hub Group's temperature-controlled fleet and made it the second largest refrigerated intermodal provider in North America. Marten Transport sold the division following steep decline in operational income from $143 million in 2022 to $33 million in 2024.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Prime Inc: Prime Inc is a privately held truckload carrier with refrigerated, flatbed, and tanker divisions. Its temperature-controlled division directly competes with Marten for refrigerated and dedicated freight from food and beverage shippers.
• KLLM Transport Services: KLLM is a privately held refrigerated and dry van truckload carrier with a focus on long-haul temperature-controlled freight. Its dedicated and asset-based model closely resembles Marten's refrigerated core, making it a strong direct peer.
• CRST International: CRST is a privately held carrier offering dedicated, refrigerated, flatbed, and logistics services. Its dedicated and temperature-controlled offerings directly overlap Marten's core, making it a comparable peer for enterprise shipper business.
• Werner Enterprises: Werner Enterprises is a publicly traded truckload carrier with a dedicated and refrigerated portfolio closely mirroring Marten's mix. Both serve large enterprise shippers, operate similar tractor fleets, and compete for dedicated and temperature-controlled freight, making Werner the most directly comparable peer.
• Heartland Express: Heartland Express is an irregular-route truckload carrier with a strong focus on dedicated and dry van services. Its asset-based model and customer base in retail and consumer goods make it a directly comparable peer, though less temperature-controlled focused than Marten.
• Covenant Logistics Group: Covenant Logistics is a publicly traded asset-based carrier offering dedicated, refrigerated, and expedited services. Its mix of dedicated and temperature-controlled truckload closely mirrors Marten's service portfolio and customer base.

Broad incumbents

• Schneider National: Schneider is a major publicly traded carrier with truckload, intermodal, dedicated, and logistics services. It overlaps with Marten on refrigerated and dedicated truckload and is a frequent competitor for enterprise shipper RFPs.
• J.B. Hunt Transport Services: J.B. Hunt is a major publicly traded carrier with leading intermodal, dedicated, and truckload services. While less concentrated in refrigerated than Marten, it competes for many of the same large enterprise shipper relationships and dedicated contracts.
• Knight-Swift Transportation: Knight-Swift is the largest truckload carrier in North America, with broad refrigerated, dry van, intermodal, and logistics offerings. While it competes with Marten across refrigerated and dedicated lanes, its scale and breadth make it a broad incumbent rather than a focused direct peer.

Emerging players

• Hub Group: Hub Group is a publicly traded intermodal and logistics provider that acquired Marten's intermodal division for $51.8M in September 2025, more than doubling its refrigerated intermodal fleet. Post-acquisition, Hub Group is now the second-largest refrigerated intermodal provider in North America and a direct emerging competitor to Marten's legacy temperature-controlled customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/martentransport
• Facebookfacebook.com/MartenTransport

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marten Transport Intermodal