LAS VEGAS – After years of hype, autonomous trucking providers have begun to deliver on the promise of driverless operations, with companies touting plans for commercial uses. The Manifest conference in Las Vegas featured a diverse group of autonomous vehicle operators, from large players in the truckload space like Torc Robotics to scrappy upstarts like Bot Auto. Autonomous yard operators including...
https://www.freightwaves.com/news/autonomous-trucking-technology-makes-a-splash-in-las-vegas
(Editor’s note: A table posted yesterday by FreightWaves of key financial and operational data from Marten had errors. That table has been removed. The accompanying table is accurate).
Third-quarter earnings at Marten Transport were negative almost across the board, with little sign of a truckload market recovery visible in the numbers.
The company was profitable; it posted net earnings of 5 cents per share, down from 17 cents in the third quarter of 2023 and 10 cents per share in the second...
https://www.freightwaves.com/news/martens-earnings-and-almost-all-other-key-operating-metrics-down
Don Lord had never left the state of Florida until he found himself behind the wheel of a tractor-trailer, knuckles white and sweat pouring.
Nearly 30 years later, Lord is being celebrated by Tennessee-based Covenant Logistics for driving 3 million miles with no safety incidents or crashes. He is only the second driver in company history to achieve the feat, which is equal to circling the globe 120 times.
Speaking on the road from Texas, Lord, 73, said he had spent his career as a commercial...
https://www.freightwaves.com/news/florida-fisherman-turned-trucker-lauded-for-3m-accident-free-miles
WASHINGTON — Regulators have approved a new-driver exemption for Chattanooga, Tennessee-based Covenant Logistics despite safety concerns voiced by owner-operators and crash victim advocates.
The exemption allows a holder of a commercial learner’s permit (CLP) who has passed the skills test but not yet received an actual CDL document to drive a Covenant truck while accompanied by a CDL holder who chooses to be off duty in the sleeper berth.
Federal Motor Carrier Safety Administration regulations...
https://www.freightwaves.com/news/covenants-cdl-exemption-approved-over-trucker-objections
WASHINGTON — Truckload carrier Covenant Logistics is seeking a two-year federal exemption to streamline the process for employing 2,000 new drivers, the company told regulators.
Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG), along with its logistics affiliate Landair Transport Inc., has petitioned the Federal Motor Carrier Safety Administration to allow commercial learner’s permit (CLP) holders who have passed a CDL skills test to drive a truck without an on-duty CDL holder present in the...
In what has been a difficult quarter for trucking companies, both truckload and to a lesser degree LTL, Covenant Logistics reported first-quarter operating earnings that held up relatively well.
Covenant’s adjusted earnings per share on a non-GAAP basis came in at 84 cents per share, down from 93 cents per share a year ago. According to SeekingAlpha, that figure beat the consensus forecast by 4 cents per share. But adjusted operating income, the most basic profitability measure, rose to $14.8...
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A Chattanooga, Tennessee-based trucking and logistics company has agreed to pay $700,000 to settle...
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With Yellow possibly in its final days if not hours, the timing of earnings calls is perfect for...
https://www.freightwaves.com/news/covenant-sees-some-opportunity-from-yellow-collapse
There were some key points in the second-quarter earnings release of truckload carrier Covenant Logistics (NASDAQ: CVLG).
https://www.freightwaves.com/news/covenant-q2-better-or-in-dedicated-worse-in-expedited
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Autonomous trucks see and interpret their environment through massive amounts of computer power....
https://www.freightwaves.com/news/the-road-to-autonomous-trucking-tms-integration