Reported 1 day ago
Covenant Logistics Group has reported a 7.8% increase in freight revenue year-over-year, reaching $276.5 million in the second quarter. CEO David R. Parker noted that a potential decrease in interest rates could boost home sales and positively impact the freight market. The company has seen growth in its dedicated fleet and new business opportunities, although some segments experienced slight revenue declines. Overall, Covenant remains optimistic about continued recovery in the freight sector as housing improves.
Source: YAHOO