Stay updated with breaking news from Lew thompson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The bleak freight market continues to take its toll on carriers earnings, with fleets noting soft rates, low volumes, overcapacity and extreme weather. ....
Fleets' Q1 2024 earnings reveals market keeps getting weaker | Commercial Carrier Journal ccjdigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ccjdigital.com Daily Mail and Mail on Sunday newspapers.
In what has been a difficult quarter for trucking companies, both truckload and to a lesser degree LTL, Covenant Logistics reported first-quarter operating earnings that held up relatively well. Covenant's adjusted earnings per share on a non-GAAP basis came in at 84 cents per share, down from 93 cents per share a year ago. ....
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. ....
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. ....