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First look: Covenant Logistics Q3 profit slips on truckload weakness
Yahoo Finance· 2025-10-23 06:24
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 $0.44 per share, compared to $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 ...