Truckload carrier Covenant Logistics Group beat fourth-quarter expectations for profit and revenue, “despite the lingering weakness in the overall freight environment,” according to Tripp Grant, executive vice president.
Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported fourth-quarter earnings after the market closed Tuesday. Company officials held a conference call to discuss the results with analysts on Wednesday.
The transportation services provider reported adjusted earnings per share of $1.07 for the fourth quarter and total revenue of $273.9 million, beating Wall Street predictions of $1.03 and $214.5 million, respectively.
