Covenant Logistics Group said its third quarter results were hampered by a weak freight market, but executives said they remain optimistic about the company’s “resilient operating model.”
Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported adjusted earnings per share of $1.13 in the quarter, 1 cent shy of the consensus estimate.
The truckload transportation services provider posted third-quarter revenue of $288.7 million, missing analysts’ revenue prediction of $293 million for the...