Covenant Transport
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Trucking
The Daily Dash: TFI, the Teamsters and their new relationship
In today’s edition of The Daily Dash, we explore the relationship between TFI International and the unionized LTL carrier UPS Freight. Plus, earnings have started…
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Trucking
The Daily Dash: Activist investor talks Forward Air; FedEx Ground exec retiring
In today’s edition of The Daily Dash, an activist investor speaks about what changes Forward Air should make. Plus, FedEx Ground is losing a key…
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Company earnings
What a mess: Triumph details problems with big factoring client acquired from Covenant
The Triumph acquisition of TFS has had plenty of problems since it was first announced.
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News
More carriers increasing driver pay
A couple more truckload carriers have announced pay increases for drivers ahead of the new year. Beacon Transport and Bay and Bay Transportation are the…
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News
Schneider National to raise drivers’ per-mile pay by 4 cents
Schneider National announces a per-mile pay increase of 4 cents for most drivers beginning in late January. Earlier this year, the company announced an increase…
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Trucking
The Daily Dash: Celadon, one year later; COVID lawsuits pile up
In today’s edition of The Daily Dash, it’s been one year since the collapse of Celadon, and FreightWaves talks to some former drivers. Plus, Estes…
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Driver issues
Covenant joins in move to higher driver pay rates
Average rate for team drivers up by 9 cents per mile, company says
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Company earnings
Small revenue growth but big profit jump at Covenant in Q3
Company had forecast an OR in the low 90s and got there; tractors reduced but Parker says it’s part of the plan
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News
Table set for Q3 truckload earnings blowout
Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter.…
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Truckload
Covenant follow: Strong third-quarter freight market will mean significant improvement in company’s OR
Covenant also announces it reached agreement with Triumph over sale of TFS factoring unit
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