Covenant Logistics Group CEO David Parker predicted at FreightWaves’ F3: Future of Freight Festival on Wednesday that there will be year-over-year peak season growth in the trucking industry. (Photo: Jim Allen/FreightWaves)
Covenant Logistics Group reports truckload revenue of $198 million in the third-quarter, despite a soft freight market.
Covenant Logistics Group reported 2% quarterly growth in freight revenue, “despite the prolonged general freight market down cycle,” Chairman and CEO David R. Parker said.
Covenant Logistics Group sees improvement in the overall freight market but not enough for a 2024 recovery.
Covenant Logistics Group posts second-quarter revenue of $287.5 million and adjusted earnings of $1.04 cents per share.
Insurance woes weigh down Knight-Swift earnings. Reading tea leaves with Covenant Logistics’ Q4 results; evolution of cybersecurity in the supply chain with Antwan Banks
Covenant Logistics Group said the freight cycle is bottoming out, and it expects the market to slowly improve over the next several quarters.
Chattanooga, Tennessee-based Covenant Logistics Group’s fourth-quarter revenue declined 7.4% year over year to $273.9 million.
Truckload carrier Covenant Logistics Group said the freight market is bottoming out, and the company is eyeing only a “modest decline” in earnings next quarter.
Chattanooga, Tennessee-based Covenant Logistics Group’s third-quarter revenue declined 7% year over year to $288.7 million.
La degradación de las ganancias por acción (EPS) se contendrá probablemente entre el 25% y el 30% en esta recesión
Covenant Logistics Group is hopeful this cycle won’t bring a material earnings decline, which was the norm in prior downturns.
Covenant Logistics Group missed fourth-quarter expectations even when excluding expenses incurred onboarding equipment.
Despite a murky economic outlook, Covenant remains optimistic about the company’s business prospects through 2023.
La segunda mitad podría producir presiones de costes a
través de los salarios, los equipos y las reparaciones en
carretera
Covenant Logistics Group said revenue for the second half of 2022 could be impacted by wage pressures and higher equipment and over-the-road repair costs.
The Chattanooga, Tennessee-based truckload carrier said the outlook is for continued operational progress during 2022.
Covenant Logistics Group’s managed freight segment revenue grew 89% year-over-year during the third quarter, to $90 million.
Chattanooga-based Covenant benefited from an exceptionally strong freight market resulting from growing economic activity, low inventories and supply chain disruptions.
Cowen raises price projection for the truckload carrier after its announced third-quarter forecast
Ben Thrower writes about what most in the trucking industry know – 2019 was a tough year for almost everyone.
Three young executives have taken on new roles at Chattanooga-based Covenant Transport Services. The promotions, effective last month, set the trio up to take on new responsibilities as enterprise-wide leaders.
Covenant Transportation Group (NASDAQ: CVTI) posted adjusted earnings per share (EPS) of $0.27 for the first quarter of 2019, beating analyst estimates and edging past the expectations the company itself announced earlier this quarter.
Covenant Transport is the first enterprise carrier to lower guidance for Q1 on a numbers of headwinds, none of which are macroeconomic—yet.
Covenant Transport (NASDAQ: CVTI) reported record revenue in the fourth quarter, beating analyst projections by $10.72 million. The company announced $272.3 million in total revenue, a 33.9% increase compared to the fourth quarter of 2017.
Covenant Transportation Group (NASDAQ: CVTI) reported a total revenue jump of 19.5 percent to $196.3 million in the second quarter of 2018 during its earnings call Thursday. The company also posted a 17.2 percent increase in freight revenue to $170.6 million year-over-year.
With transport stocks surging, some market watchers are hopeful that the current expansion period will continue despite downturns in the broader market earlier this year.
The telematics revolution is creating a vast data lake, but now the industry has to figure out how to navigate it.
FreightWaves adds stock tickers for publicly traded stocks in the freight space
Uber AV kills pedestrian in Arizona; XPO Logistics takes its app to Europe; CSX has no apologies; China COSCO building methanol fuel plants in Louisiana; air cargo markets may see slower growth; Covenant stock hits a 52 week high.
An optimistic Q1 guidance document released by Covenant Transport yesterday caused the carrier’s stock to jump 5% this morning. We explain how the team fleet is exploiting the new ELD environment.
The informal Freight Alley local social brought heavy hitters in the logistics industry to the FreightWave’s Chattanooga offices for a local meet and greet last Wednesday, February 7
Covenant Chairman and CEO David Parker said 2018 will bring wage hikes, rate increases, and unprecedented opportunities for team carriers due to the ELD mandate.
Covenant Transport has offered unprecedented signing bonuses to team drivers, demonstrating the challenges in hiring team drivers and the opportunity afforded them if they are successful
A jury has awarded $15.57 million to Isaac Espinoza, who was struck by a tractor-trailer driven independent contractor Ricky Hatfield while assisting a friend on the side of I-81 north. The jury also held the broker who contracted with Hatfield partially responsible.
A host of carriers have reported earnings with mixed results. Knight Transportation, UPS, Landstar Systems and Covenant were among the carriers reporting.
