Covenant Logistics Group, Inc. - Class A Common Stock (CVLG)

As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the ground transportation industry, including Covenant Logistics (NYSECVLG) and its peers.

Industry Recognition Highlights Commitment to Driver Satisfaction, Safety, and Operational Excellence

Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the industry has underperformed the market over the past six months as its 7.2% return lagged the S&P 500 by 2.3 percentage points.

Transportation company Schneider (NYSESNDR) will be reporting earnings tomorrow morning. Here’s what you need to know.

Freight delivery company Landstar (NASDAQLSTR) will be reporting earnings tomorrow after the bell. Here’s what you need to know.

Shares of freight and logistics provider Covenant Logistics (NASDAQCVLG) fell 7.6% in the morning session after the company reported weak fourth quarter results. Its revenue missed significantly, and its Freight revenue fell short of Wall Street's estimates. The company's CEO called out a "challenging general freight environment" and added that in the Dedicated segment, "profitability fell short of our expectations due to greater-than-anticipated temporary customer shutdowns and volume reductions, as well as higher costs related to guaranteed driver pay and a large current period casualty claim expense". Overall, this quarter could have been better.

Freight and logistics provider Covenant Logistics (NASDAQCVLG) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.2% year on year to $277.3 million. Its non-GAAP profit of $0.49 per share was in line with analysts’ consensus estimates.

Freight and logistics provider Covenant Logistics (NASDAQCVLG) will be announcing earnings results tomorrow afternoon. Here’s what you need to know.

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at ground transportation stocks, starting with Covenant Logistics (NASDAQCVLG).

Let’s dig into the relative performance of XPO (NYSEXPO) and its peers as we unravel the now-completed Q3 ground transportation earnings season.

Covenant Logistics currently trades at $60.46 and has been a dream stock for shareholders. It’s returned 351% since December 2019, blowing past the S&P 500’s 91.3% gain. The company has also beaten the index over the past six months as its stock price is up 23.8%.

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how ground transportation stocks fared in Q3, starting with Heartland Express (NASDAQHTLD).

Company honored as Rand McNally Safety Program of the Year, while Marshall Rushworth receives Safety Leader of the Year award for transformative leadership in fleet safety

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Universal Logistics (NASDAQULH) and the best and worst performers in the ground transportation industry.

Freight Delivery Company RXO (NYSERXO) will be reporting results tomorrow morning. Here’s what investors should know.

Moving and storage solutions provider U-Haul (NYSEUHAL) will be reporting earnings tomorrow after the bell. Here’s what to expect.

Transportation company Schneider (NYSESNDR) will be reporting results tomorrow before market open. Here’s what investors should know.