Marten Transport reports Q1 EPS 28c, consensus 27c

Reports Q1 revenue $298.02M, consensus $309.89M. Executive chairman Randolph Marten stated, "Our bright and determined people executing our unique business model produced solid operating results despite the impact of widespread severe winter weather and a freight market which has considerably softened from the exceptionally tight conditions during the first half of last year. The market has become unsustainable for the smaller carriers who comprise a significant portion of total capacity, and who are expected to continue the recent increased industry exit rate."