Covenant gets Q3 boost from managed, expedited divisions

Labor, rising fuel and insurance costs, and the “frothy freight market” were key talking points on Covenant Logistics Group’s third-quarter earnings call Thursday with analysts. 

Covenant beat analysts’ earnings-per-share and total revenue estimates for Q3, owing in large part to strength in its managed and expedited divisions. But Chairman and CEO David Parker said inflation is affecting the entire trucking industry and could wreak havoc on smaller carriers over the next year or so.

“There is a...

https://www.freightwaves.com/news/covenant-gets-q3-boost-from-managed-expedited-divisions

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