From Yahoo Finance: 2025-04-23 17:58:00

Covenant Logistics Group reported a 3% year-over-year decrease in total revenue to $269.4 million in the first quarter. Freight revenue declined by 2% to $243.2 million, with truckload operations dropping 1% to $188.3 million. The company missed Wall Street estimates, reporting adjusted earnings per share of 32 cents compared to 42 cents in the same quarter last year. Covenant plans to buy back up to $50 million of its Class A common stock and sees some improvement in the freight marketplace, despite challenges like inclement weather and avian influenza outbreaks.



Read more at Yahoo Finance: Covenant Logistics Group Q1 earnings