Covenant

Covenant Logistics Group officials said they anticipate improving market conditions across the freight industry over the next several months.

“I think that the environment is getting better. I think optimism is getting better,” Covenant Logistics Chairman and CEO David R. Parker said during a conference call to discuss fourth-quarter earnings with analysts on Friday.

Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported fourth-quarter results after the market closed Thursday.

The company...

https://www.freightwaves.com/news/covenant-logistics-group-optimistic-about-freight-market-in-2025

Covenant Logistics Group reported $251 million in freight revenue during the fourth quarter, with truckload operations increasing 3% to $190 million.

Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported adjusted earnings per share of 49 cents in the quarter, inline with analysts’ estimates of 49 cents.

The company posted total revenue of $277 million in the quarter, a 1% year-over-year increase compared to the fourth quarter of 2023, and missed Wall Street estimates of $283 million.

“We...

https://www.freightwaves.com/news/covenant-logistics-group-q4-earnings-first-look

As the freight recession rolls on, officials for Covenant Logistics Group said they don’t anticipate conditions for carriers to get much worse.

Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported third-quarter earnings after the market closed Wednesday. Company officials held a conference call to discuss the results with analysts on Thursday.

“I do believe that we’re at the bottom, and I think that we’re just kind of going along the bottom … waiting on the catalyst to move things...

https://www.freightwaves.com/news/covenant-logistics-sees-growth-in-freight-revenue-amid-market-bottom

Covenant Logistics Group reported $258.6 million in freight revenue during the third quarter, with truckload operations increasing 2.8% to $198 million.

Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported adjusted earnings per share of $1.09 in the quarter, beating analysts’ estimates of $1.08 per share.

The company posted total revenue of $287.8 million in the quarter, a 0.3% year-over-year 

decline compared to 2023, and missed Wall Street estimates of $302 million.

“Highlights of our...

https://www.freightwaves.com/news/covenant-logistics-group-q3-earnings-first-look

Covenant Logistics Group sees improvement in the overall freight market but not enough for a 2024 recovery, according to Chairman and CEO David Parker.

Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported second-quarter earnings after the market closed Wednesday. Company officials held a conference call to discuss the results with analysts on Thursday.

“I think things have bottomed out, and I do think that it’s all because of the capacity that has left that we’ve all been figuring out...

https://www.freightwaves.com/news/covenant-logistics-sees-possible-truckload-market-rebound-in-2025

Covenant Logistics Group reported revenue of $287.5 million in the second quarter after the market closed Wednesday, an increase of 4.7% year-over-year compared to 2023.

The company posted adjusted second-quarter earnings of $1.04 cents per share, a 2.8% decrease compared to the same year-ago period.

Chattanooga, Tennessee-based Covenant’s (NASDAQ: CVLG) second-quarter EPS surpassed the consensus estimate of 99 cents per share. But the company missed Wall Street’s revenue prediction of $299...

https://www.freightwaves.com/news/covenant-logistics-sees-4-7-rise-in-q2-earnings-amid-weak-freight-market