Reported about 1 month ago
Covenant Logistics Group, based in Chattanooga, Tennessee, reported a third-quarter truckload revenue of $199 million amid a freight recession. CEO David Parker believes the market is at its lowest point, with potential for rate increases as the 2025 bid season approaches. The company's total revenue reached $287.8 million, with a slight drop in freight revenue per tractor per week, while dedicated segment revenue rose by 18%. Parker and CFO Tripp Grant expressed optimism for future performance, especially in managed freight.
Source: YAHOO