Covenant Logistics’ (NASDAQ: CVLG) continued overhaul showed signs of gains as the truckload carrier posted a slight sequential gain in net income from the third quarter of this year while its operating ratio weakened slightly.
While most comparisons are done year-on-year, Covenant has stressed that it believes it is a radically different company than the one that exited 2019. Sequentially to the third quarter, this year’s net income of $10.48 million was slightly better than the $9.6 million...
https://www.freightwaves.com/news/covenant-sees-big-gains-from-last-year-plus-improvement-over-q3