First look: Covenant Logistics Q3 profit slips on truckload weakness
Covenant Logistics Group reported lower third-quarter earnings as overcapacity and muted freight demand continued to pressure the trucking industry, company officials said. The carrier posted adjusted earnings of 0.54 in Q3 2024. Total revenue rose 2.8% year-over-year to $296.9 million. Chattanooga-based Covenant Logistics Group (NYSE: CVLG) provides truckload, expedited, dedicated, and logistics services across the U.S. Chairman and CEO David Parker said the quarter reflect ...