truckload carrier Covenant Logistics had record-breaking net income for the first quarter, with improved operating ratios in its key trucking segments.
Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.
La segunda mitad podría producir presiones de costes a
través de los salarios, los equipos y las reparaciones en
carretera
With a growing stack of letters of intent, Nikola approaches player status in electric trucks if its demonstration units meet performance requirements.
Shippers increasingly search for suppliers with sustainable operations.
If the remaining companies also settle, questions of whether there was a conspiracy not to hire drivers who owed money to previous employers may never be answered.
With two significant acquisitions in the last year, the major force in factoring embarks on a new path.
In today’s edition, we highlight the end of an injunction in California that had kept an independent contractor law from applying to trucking, as well as a funding round for Arrive Logistics and more.
The CEO of Covenant, while reviewing a strong quarter for the truckload carrier, gives his perspective on the labor market the company faces.
Covenant’s overall OR improved by 620 bps from the first quarter of 2020, a significant gain.
Bunn in put in charge of day-to-day operations; Hogan has a diversified portfolio of duties.
Wall Street reacts negatively to the latest earnings report, but Covenant suggests it’s playing a long game.
Frozen Food Express is raising linehaul driver pay by 25% for new solo drivers and 20% for team drivers.
Revenue and earnings beat estimates; improved OR might not stick but there are broader goals at the company
