Covenant Logistics Group reported Monday after the market close second-quarter earnings of $1.63 per share on total revenue of $317.3 million, a 23% increase compared to the same period in 2021.
Chattanooga, Tennessee-based Covenant beat analysts’ expectations for earnings per share of $1.36 and revenue of $288 million, in spite of “unprecedented cost inflation, unusually high insurance costs, minimal gain on sale of used equipment and a softening in the freight market,” said Chairman and CEO...