Covenant Logistics Group
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Covenant expects temporary headwinds, sees 2023 as ‘breakout year’
Despite a murky economic outlook, Covenant remains optimistic about the company’s business prospects through 2023.
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Covenant beats Q2 earnings estimates despite ‘softening’ freight market
Covenant Logistics Group’s truckload revenue increased 29% year over year to $218 million, despite unprecedented cost inflation and higher insurance costs.
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Covenant acquires hazmat hauler, announces $30M stock buyback plan
Covenant Logistics Group adopts a $30 million stock buyback plan and acquires AAT Carriers.
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Covenant expects strong freight market for 1st half of 2022
Covenant Logistics Group said revenue for the second half of 2022 could be impacted by wage pressures and higher equipment and over-the-road repair costs.
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Covenant beats expectations, delivers upbeat forecast
The Chattanooga, Tennessee-based truckload carrier said the outlook is for continued operational progress during 2022.
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Covenant gets Q3 boost from managed, expedited divisions
Covenant Logistics Group’s managed freight segment revenue grew 89% year-over-year during the third quarter, to $90 million.
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Covenant beats analysts’ expectations with $274M in revenue
Chattanooga-based Covenant benefited from an exceptionally strong freight market resulting from growing economic activity, low inventories and supply chain disruptions.
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Covenant focuses on improving results in downside of cycle
Covenant Logistics Group beat second-quarter earnings expectations and said the second half of the year is likely to produce stronger results.
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Covenant sees ‘demand firing on all cylinders’
Covenant Logistics Group reported a better-than-expected second quarter as freight demand remains elevated and capacity is in short supply. The company said the favorable conditions…
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