If the remaining companies also settle, questions of whether there was a conspiracy not to hire drivers who owed money to previous employers may never be answered.
Covenant Transportation Group sees a breakeven April and noted that May trends have “stabilized” as it moves forward with restructuring efforts.
Sources say TQL postponed the start date of nearly 200 of its 400 new hires, citing the economic downturn and COVID-19.
Citing economic challenges tied to the coronavirus pandemic, as well as the need to focus resources toward targeted business units, Southern Refrigerated Transport (SRT), a solo-driven reefer subsidiary of the Covenant Transportation Group (NASDAQ: CVTI), said it will shut down its terminal and headquarters in Texarkana, Arkansas, according to an internal memo obtained by FreightWaves. […]
