Marten Transport sold intermodal assets to Hub Group for $51.8 million, including refrigerated containers, effective September 30, 2025.
Quiver AI Summary
Marten Transport, Ltd. announced the completion of an asset sale to Hub Group, Inc. on September 30, 2025, for $51.8 million in cash, which includes over 1,200 refrigerated containers and various intermodal contracts. This transaction marks a significant step for Marten Transport, a leading temperature-sensitive truckload carrier based in Mondovi, Wisconsin, that focuses on transporting food and consumer goods requiring temperature control across the U.S., Mexico, and Canada. The company’s stock is traded on the Nasdaq Global Select Market under MRTN. The press release also includes a cautionary note about the forward-looking statements, highlighting the inherent risks and uncertainties associated with those predictions.
Potential Positives
- Marten Transport successfully closed a $51.8 million asset sale of its intermodal business to Hub Group, which may enhance its financial position.
- The sale includes over 1,200 refrigerated containers and contracts, indicating a strategic shift in the company's focus.
- This transaction may allow Marten Transport to concentrate on its core competency in temperature-sensitive transportation services.
Potential Negatives
- The sale of significant assets related to the intermodal business may indicate a strategic retreat or loss of focus in an important operational area for Marten Transport.
- The transaction's value of $51.8 million highlights a potential undervaluation of their intermodal equipment and contracts, raising concerns about the company's overall financial health.
- This press release could suggest that the company is liquidating assets to address financial or operational challenges, which may negatively impact investor confidence.
FAQ
What assets did Marten Transport sell to Hub Group?
Marten Transport sold certain intermodal assets, including over 1,200 refrigerated containers and contracts, to Hub Group for $51.8 million.
When did the asset sale become effective?
The asset sale between Marten Transport and Hub Group became effective on September 30, 2025.
What is Marten Transport known for?
Marten Transport is a leading temperature-sensitive truckload carrier, specializing in transporting food, beverages, and consumer packaged goods.
How is Marten Transport's stock traded?
Marten Transport's common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.
Who can be contacted for more information about the press release?
Contacts for more information include Randy Marten, Doug Petit, and Jim Hinnendael at Marten Transport, Ltd.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MRTN Insider Trading Activity
$MRTN insiders have traded $MRTN stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $MRTN stock by insiders over the last 6 months:
- JERRY M BAUER purchased 20,000 shares for an estimated $257,659
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MRTN Hedge Fund Activity
We have seen 112 institutional investors add shares of $MRTN stock to their portfolio, and 96 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VICTORY CAPITAL MANAGEMENT INC removed 950,670 shares (-23.0%) from their portfolio in Q2 2025, for an estimated $12,349,203
- AMERIPRISE FINANCIAL INC removed 852,997 shares (-67.9%) from their portfolio in Q2 2025, for an estimated $11,080,431
- NUANCE INVESTMENTS, LLC added 508,486 shares (+9.7%) to their portfolio in Q2 2025, for an estimated $6,605,233
- CITADEL ADVISORS LLC added 275,948 shares (+205.9%) to their portfolio in Q2 2025, for an estimated $3,584,564
- GHP INVESTMENT ADVISORS, INC. removed 275,903 shares (-98.2%) from their portfolio in Q2 2025, for an estimated $3,583,979
- RENAISSANCE TECHNOLOGIES LLC added 267,350 shares (+inf%) to their portfolio in Q2 2025, for an estimated $3,472,876
- DIMENSIONAL FUND ADVISORS LP removed 222,431 shares (-4.0%) from their portfolio in Q2 2025, for an estimated $2,889,378
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MONDOVI, Wis., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) closed on the previously announced agreement to sell assets related to its intermodal business to Hub Group, Inc. (NASDAQ: HUBG), effective September 30, 2025.
The transaction was structured as an asset sale of certain intermodal equipment, including over 1,200 refrigerated containers, and contracts to Hub Group, Inc. for $51.8 million in cash.
About Marten Transport
Marten Transport, with headquarters in Mondovi, Wis., is one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food, beverages and other consumer packaged goods that require a temperature-controlled or insulated environment. The Company offers service in the United States, Mexico and Canada, concentrating on expedited movements for high-volume customers. Marten’s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially from those expressed in such forward-looking statements. Important factors known to the Company regarding risks to its business are discussed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACTS: Randy Marten, Chairman of the Board and Chief Executive Officer, Doug Petit, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.
