{
  "docId": "019de517-da22-74fc-8f7b-d84753717cc0",
  "docSlug": "7aface957e5218175e008cfc594bfa95",
  "documentTitle": "Marten Transport | Results Presentation Deck | 16 slides",
  "authorId": "marten-transport",
  "authorName": "Marten Transport",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-01-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 3,
  "pageCount": 16,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "kpi_overview",
  "function": "diagnose_problem",
  "density": "overcrowded",
  "nDataPoints": 20,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de517-da22-74fc-8f7b-d84753717cc0/3",
  "deckHref": "/decks/019de517-da22-74fc-8f7b-d84753717cc0",
  "deckJsonHref": "/decks/019de517-da22-74fc-8f7b-d84753717cc0.json",
  "deckAnchorHref": "/decks/019de517-da22-74fc-8f7b-d84753717cc0#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.09,
        "x": 0.03,
        "y": 0.06
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c196afe5-f35a-43f6-a1d1-59e8a9114cc8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.14,
        "x": 0.82,
        "y": 0.07
      },
      "kind": "image",
      "text": "MARTEN TRANSPORT LTD.",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "03a13e86-d6d4-4d83-bd9d-7d3cc0861d28",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.038,
        "y": 0.28
      },
      "kind": "paragraph",
      "text": "This year's earnings were heavily pressured by the freight market recession's weak demand and oversupply, inflationary operating costs, and cumulative impact of decreased freight rates leading to freight network disruptions.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0f172b83-77a3-4327-910e-e154c3d84fe4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.92,
        "x": 0.038,
        "y": 0.198
      },
      "kind": "paragraph",
      "text": "In each of the five years from 2018 through 2022, we set the then-current record for our highest annual operating revenue and operating income. We also achieved in each of 2020 through 2022 our then-best operating ratio, net of fuel s/c, for any year since we became a public company in 1986.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a31cef94-bca4-472a-a486-81c31e36bd98",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.92,
        "x": 0.038,
        "y": 0.359
      },
      "kind": "paragraph",
      "text": "We remain focused on both minimizing the freight market's impact on our operations, and investing in and positioning our operations to capitalize on profitable organic growth opportunities as the market moves toward equilibrium from its current recessionary late stages - with fair compensation for our premium services. Accordingly, we have not agreed to any rate reductions since last August.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0f50d78-e7aa-4f23-a012-4a8c81d4a6e5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.47,
        "w": 0.754,
        "x": 0.123,
        "y": 0.48
      },
      "kind": "table",
      "text": "Operating Results Comparison-Percentage Change vs. Same Period of Prior Year\nYear Ended December 31, 2023 vs. 2022 (10.5)% Operating revenue, net of fuel surcharges (7.7)% Operating income (37.1)% Net income (36.2)%\nYear Ended December 31, 2022 vs. 2021 29.8% 23.1% 28.3% 29.2%\nYear Ended December 31, 2021 vs. 2020 11.4% 8.3% 19.8% 22.9%\nYear Ended December 31, 2020 vs. 2019 3.7% 6.8% 21.9% 13.8%\nYear Ended December 31, 2019 vs. 2018 7.1% 8.6% 8.7% 11.0%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7beeb3f5-8cd6-4949-82f0-3cdae8b69b9a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.017,
        "w": 0.66,
        "x": 0.139,
        "y": 0.114
      },
      "kind": "title",
      "text": "The severe freight recession in 2023 significantly impacted our operating results",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f9051b17-7e90-4d70-aa18-5cc89f68a978",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.028,
        "w": 0.28,
        "x": 0.359,
        "y": 0.07
      },
      "kind": "title",
      "text": "Operating Results",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b7fc9734-59b8-4323-ad8b-d66e0864588d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "1db3e20c-1367-4692-9a90-641b413a503d",
      "evidence": "The severe freight recession in 2023 significantly impacted our operating results",
      "confidence": 0.7
    },
    {
      "name": "Before/after framing",
      "slug": "before-after-framing",
      "agent": null,
      "layer": "slide",
      "matchId": "e33ee1dc-cb34-450a-805a-2aea0da96e22",
      "evidence": "We remain focused on both minimizing the freight market's impact on our operations, and investing in and positioning our operations to capitalize on profitable organic growth opportunities as the market moves out of the freight recession",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 3,
      "from": 3,
      "beatId": "53549949-e4f7-44fd-8f6d-2aff94214e7f",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Problem (Identify pain)",
      "beatSlug": "problem-agitate-solution-problem-identify-pain",
      "evidence": "The severe freight recession in 2023 significantly impacted our operating results.",
      "position": 0,
      "confidence": 0.7,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 5,
      "from": 3,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "b8d63722-dfcf-40d3-9a91-f48d4b018a0e",
      "evidence": "The severe freight recession in 2023 significantly impacted our operating results.",
      "position": 0,
      "objective": "Highlight the impact of not addressing the freight recession",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}