3 for-hire fleets on Forbes’ Best Small Companies list

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Forbes has named Heartland Express, Knight Transportation and Marten Transport in its list of America’s 200 Best Small Companies, which includes companies with sales of $5 million to $750 million.

  • Knight Transportation, based in Phoenix, ranked No. 82 on the list, the same ranking it received in 2005. Forbes has listed the short- to medium-haul truckload carrier for 12 consecutive years.
  • Another short- to medium-haul truckload carrier, Heartland Express of Iowa City, Iowa, ranked No. 123, moving up from last year’s rank of 159. Forbes has listed Heartland for five years in a row.
  • Marten Transport, a long-haul truckload carrier based in Mondovi, Wis., placed No. 141, moving up from 179 last year. Marten has been on the list the past two years.
  • To qualify for the list, the company’s share price must be more than $5 as of Sept. 29 on a three-month average volume of 10,000 shares. Companies also must have profit margins of more than 5 percent, with positive sales and profit growth on average over the past 5 years and past 12 months.