Management from Covenant Logistics Group (NASDAQ: CVLG) said on a call with analysts Thursday the company expects earnings in the back half of 2021 to be higher than the first half of the year.
The Chattanooga, Tennessee-based carrier reported adjusted earnings per share of 96 cents for the second quarter after the market close Wednesday. The result was well ahead of the consensus estimate of 67 cents per share.
The improvement was brought about by a hot freight market highlighted by tight truck...
https://www.freightwaves.com/news/covenant-focuses-on-improving-results-in-downside-of-cycle