Reported 2 days ago
Covenant Logistics Group, based in Chattanooga, Tennessee, has expressed optimism for the freight market in 2025, expecting improved conditions and growth following a fourth quarter revenue of $277 million. CEO David R. Parker noted significant signs of recovery, with freight revenue rising and new transportation bids being won. Despite encountering challenges from the poultry sector disruptions, the company forecasts a 2.5% rate increase on a portion of its business and anticipates continued earnings growth as the market strengthens.
Source: YAHOO