Covenant Logistics Group Q4 Earnings Call Highlights
On the Q&A portion of the call, CEO David Parker said the company’s average rate increase across the first three weeks of January was “around that 3.5% number,” while cautioning it was too early to declare a full trend. He also said January bids were up 33% versus the fourth quarter, attributing the activity to customers trying to get ahead of capacity constraints and to Covenant receiving bids from new customers. Parker added that cargo theft has “ticked up a little bit” in recent months and said some cust ...