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Covenant earnings drop in 2023 but still the company s second best year for profits

Covenant Logistics Group Inc. said Tuesday its adjusted net income for all of 2023 was down 43% from the previous year, but the Chattanooga-based trucking carrier still outperformed the market expectations for the company in the fourth quarter and had the second best year ever for its annual earnings.

Lew thompsonDavidr parkerCovenant logistics group incSon trucking incCovenant logistics groupSon trucking

Covenant Logistics optimistic despite 7 4% drop in Q4 revenue

Chattanooga, Tennessee-based Covenant Logistics Group’s fourth-quarter revenue declined 7.4% year over year to $273.9 million. The post Covenant Logistics optimistic despite 7.4% drop in Q4 revenue appeared first on FreightWaves.

United statesLew thompsonDavid parkerCovenant logistics groupSon trucking incSims transport servicesSon truckingTennessee based covenantWall streetCovenant logisticsCovenant logistics groupFreight marketFreight transportationArnings per shareTotal revenue

Covenant Logistics Reports Second-Best Adjusted Earnings For Fourth Quarter

Covenant Logistics Reports Second-Best Adjusted Earnings For Fourth Quarter
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United statesDavidr parkerPaul bunnLew thompsonSims transport servicesCovenant logistics group incSon trucking incCovenant logistics groupChief executive officer davidSon truckingManaged freightTransport enterprise leasing

Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results

Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
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United statesDavidr parkerPaul bunnBrooke mckenzieM paul bunnLew thompsonMotor carrier safety administrationDepartment of transportationSon trucking incCovenant logistics group incExchange commissionSims transport servicesSecurities exchangeLogistics groupChief executive officerSon trucking

Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results

Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
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United statesDavidr parkerBrooke mckenziePaul bunnM paul bunnLew thompsonSecurities exchangeGlobenewswire incSims transport servicesSon trucking incExchange commissionMotor carrier safety administrationCovenant logistics group incDepartment of transportationLogistics groupChief executive officer