Management from Covenant Logistics Group provided some optimism regarding the truckload market on a call with analysts Thursday. Customers making progress reducing inventories, capacity leaving the industry and the work the company has done to reduce cyclicality in its business model were some of the reasons for the upbeat tone.
Covenant (NASDAQ: CVLG) reported $1.37 in adjusted earnings per share for the fourth quarter Wednesday after the market closed. The number missed consensus expectations...