Covenant Transport

Aurora adds Schneider to autonomous pilot customer list

Peterbilt 579 hauls orange Schneider trailer

Aurora Innovation is adding freight giant Schneider to a growing list of fleets testing its Aurora Driver autonomous trucking software.

“Understanding more about an autonomous future is the logical next step to build a network that continues to deliver the best service for our customers,” Rob Reich, Schneider executive vice president and chief administrative officer, said in a press release.

Schneider (NYSE: SNDR) hauls 19,318 loads per day for America’s biggest companies covering more than 9.3...

https://www.freightwaves.com/news/aurora-adds-schneider-to-autonomous-pilot-customer-list

Aurora signs up truckload carrier Covenant to work on autonomous technology 

Aurora Innovation Inc. has signed up its third truckload carrier this year to partner on possible deployment of its autonomous vehicle technology.

In the latest transaction, Aurora (NASDAQ: AUR) said it had agreed with Covenant Logistics (NASDAQ: CVLG) on what it described as a “collaboration to explore ways to optimize Covenant’s long-haul operations with Aurora’s autonomous trucking product.”

The deal with Covenant comes on the heels of similar announcements of collaborations with Werner...

https://www.freightwaves.com/news/aurora-signs-up-truckload-carrier-covenant-to-work-on-autonomous-technology

Covenant expects strong freight market for 1st half of 2022

Covenant Logistics Group management expects earnings in the first half of 2022 to be the same or higher as the first half of 2021 but anticipates slower earnings growth the rest of the year.

The Chattanooga, Tennessee-based carrier reported adjusted earnings per share of $1.07 for the fourth quarter after the market closed Wednesday. The result was ahead of analysts’ expectations for earnings per share of $1.04.

“We feel that the first-half earnings will approximate the first half of 2021 or...

https://www.freightwaves.com/news/covenant-expects-strong-freight-market-for-1st-half-of-2022

Two divisions of Covenant settle in big case by drivers alleging ‘no-hire’ conspiracy

Four companies now have settled a class-action lawsuit brought by a group of drivers who alleged uncompetitive behavior by eight companies in their recruiting activities.

The lawsuit in the U.S. District Court for the Central District of California has been referred to as an “anti-poaching” suit. But it actually targets what the four original plaintiffs say are industry practices that ultimately limit the movement of drivers among employers. What the drivers deem a conspiracy was specifically...

https://www.freightwaves.com/news/two-divisions-of-covenant-settle-in-big-case-by-drivers-alleging-no-hire-conspiracy

Corporate strategy for sustainability reporting — Net-Zero Carbon

Net Zero Carbon Cover

Norfolk Southern isn’t just in the business of moving freight, they’re in the business of a better planet. To learn more about Norfolk Southern’s industry-leading sustainability initiatives, go to nscorp.com/betterplanet.

The first step in meeting sustainability goals is setting those goals; the second step is communicating them down the line to all employees in your company.

How can that communication be made more effective coming from the corporate boardroom? Matt McLelland, Covenant Transport...

https://www.freightwaves.com/news/corporate-strategy-for-sustainability-reporting-net-zero-carbon

Logistics Tech Summit: Trucking’s drive to net-zero carbon

This fireside chat recap is from FreightWaves’ North American Logistics Tech Summit on Wednesday.

FIRESIDE CHAT TOPIC: How technology is driving net-zero carbon goals 

DETAILS: FreightWaves’Danny Gomez talks with Matt McLelland about his new role at Covenant Transportation and how it is indicative of the company culture and a change in the industry. They discuss the role of technology in sustainability and the collaboration and government support needed to achieve net neutrality.

SPEAKER:...

https://www.freightwaves.com/news/logistics-tech-summit-truckings-drive-to-net-zero-carbon

The Daily Dash: TFI, the Teamsters and their new relationship

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, TFI International CEO Alain Bedard praised the Teamsters long before the company announced the acquisition of the unionized UPS Freight. Plus, Marten and Knight-Swift both posted strong earnings results in Q4, and the Biden administration has revoked a Department of Labor opinion letter on employee classification.

Laying the groundwork

TFI International (NYSE:TFII) CEO Alain Bedard may have been...

https://www.freightwaves.com/news/the-daily-dash-tfi-the-teamsters-and-their-new-relationship

The Daily Dash: Activist investor talks Forward Air; FedEx Ground exec retiring

Forward Air investor talks change

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, one of the activist investors pushing for changes at Forward Air talks with FreightWaves on what potential he sees for the company. Plus, a key executive is retiring from FedEx Ground and UPS’ divestiture of UPS Freight was a long time in the making.

Forward progress?

Former Forward Air (NASDAQ: FWRD) CFO Andy Clark sat down with FreightWaves to discuss his role as one of several activist investors...

https://www.freightwaves.com/news/the-daily-dash-activist-investor-talks-forward-air-fedex-ground-exec-retiring

What a mess: Triumph details problems with big factoring client acquired from Covenant

The Triumph Bancorp acquisition of the TFS factoring division of Covenant Logistics earlier this year was delayed once because of disputes, but since the transaction was completed for roughly $105 million, it has become a headache for the acquirers.

While Triumph laid out some of the problems in the sale in a clinical way when releasing its fourth-quarter 2020 earnings late Thursday, it was on the earnings call with analysts a day later that CEO Aaron Graft could spell out in detail the problems...

https://www.freightwaves.com/news/what-a-mess-triumph-details-problems-with-big-factoring-client-acquired-from-covenant

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.