Marten Transport gains 13% as the crude prices fall from record highs

Marten Transport Ltd. (Nasdaq:MRTN) is up more than 13% today as the price of crude oil falls from record highs. Crude oil soared last week ahead of the July 4 holiday, but it has fallen below $142 per barrel today. Marten Transport is a temperature-sensitive truckload carrier and, like many other trucking companies, has felt the squeeze from gas prices soaring above $4 per gallon. The company is down 2.3% from a year ago. But the Mondovi, Wis.-based company is trading at $17.71 today, up $2.11 from Friday’s close.

For detailed price information and recent news stories on Marten Transport Ltd., click MRTN.

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