![]() Operating income of $35.9 million was a quarterly record, rising sharply from the previous record of $30.7 million, recorded in the final three months of 2021. Operating revenue as a whole was reported as a record, coming in at $287.2 million. Operating revenue net of fuel surcharges was not reported as a record but was still up 23.8% from the corresponding quarter of 2021. ![]() That figure includes the impact of fuel surcharge revenue. The operating ratio for the company as a whole improved to 87.5% from 89.2% in the first quarter of 2021. The company said that number was the best for any quarter since it went public in 1986. Most significantly, Marten’s (NASDAQ: MRTN) operating ratio net of fuel surcharges came in at 85.4%, according to an investors slide released by the company in connection with the earnings. ![]() That was up from $24.9 million from the prior year. Operating revenue was a record at $287.3 million, up 28.8% from the first quarter of 2021, but it was boosted significantly by fuel surcharge revenue, which came in at $42 million. Marten Transport had a record-breaking first quarter, with all-time highs in several key categories.
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