Marten Transport to sell assets related to intermodal business to Hub Group

• Marten Transport (NASDAQ:MRTN) has entered into an agreement to sell assets related to its intermodal business to Hub Group.
• The transaction is structured as an asset sale of certain intermodal equipment and contracts to Hub Group for $51.8M in cash.
• It is expected to close by the end of the third quarter subject to certain customary closing conditions.
• Source: Press Release

More on Marten Transport

• Marten Transport: Staying On The Sidelines Until The Dust Settles
• Marten Transport GAAP EPS of $0.09, revenue of $229.9M
• Seeking Alpha’s Quant Rating on Marten Transport