EXHIBIT 99.1
DATE: July 14, 2003
FROM: |
| FOR: |
BlueFire Partners |
| Marten Transport, Ltd. |
150 South Fifth St., Suite 1300 |
| 129 Marten St. |
Minneapolis, Minn. 55402 |
| Mondovi, Wis. 54755 |
Contact – Tom Langenfeld (612) 344-1038 |
| Contact – Randy Marten, President (715) 926-4216 |
FOR IMMEDIATE RELEASE
MARTEN TRANSPORT, LTD. ANNOUNCES THREE-FOR-TWO STOCK SPLIT
MONDOVI, Wis., July 14, 2003 — Marten Transport, Ltd. (Nasdaq: MRTN) announced today that its Board of Directors has declared a three-for-two stock split of the company’s common stock. The stock split will be effected in the form of a stock dividend distributed July 24, 2003, to shareholders of record as of July 21, 2003. Holders of the company’s common stock will receive an additional one-half share for each outstanding share of common stock held as of the record date. The stock split will increase the number of outstanding shares of common stock from 4,288,895 to approximately 6,433,342.
Marten Transport, Ltd., with headquarters in Mondovi, Wis., strives to be the premier supplier of time- and temperature-sensitive truckload motor carrier services to customers nationwide. At the end of the second quarter, Marten operated a fleet of 2,153 tractors and 2,821 trailers, all 53-foot trailers. The company serves customers with more demanding delivery deadlines or those who ship products requiring modern temperature-controlled trailers to protect goods. The company’s common stock is traded on The Nasdaq Stock Market under the symbol MRTN.
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