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0.00399400898652013 0.00549176235646527 0.00349475786320521 0.00524213679480781 -0.00149775336994514 -0.000998502246630034 -0.00349475786320521 -0.00349475786320521
Stock impact report

First look: Covenant Logistics Q3 profit slips on truckload weakness [Yahoo! Finance]

Covenant Logistics Group, Inc. Class A (CVLG) 
Company Research Source: Yahoo! Finance
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 reflected “flat performance” in Covenant's asset-light businesses and lower results in its truckload units, largely due to “higher costs and under-utilized equipment.” “We continued to invest in and grow within certain industries with our dedicated fleet services with new start-up contracts, which weighed on third quarter margins but are expected to improve over time,” Parker said in a news release . “We continue to evaluate contracts in the rest of our truckload business for improvement or exit. Overall, we expect modest contraction in our combined truckload fleet and growth in our asset light segments as we allocate capital toward better returning busi Show less Read more
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