Detail akcie Covenant Trans online

Business Summary: Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. The Company’s primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management and freight brokerage capability. Its asset-based transportation services include two segments: Expedited and Dedicated. The Expedited segment primarily provides truckload services to customers. The Dedicated segment provides customers with committed truckload capacity over contracted periods. The Managed Freight segment includes its brokerage services and transportation management services (TMS). The Warehousing segment provides day-to-day warehouse management services for customers who have chosen to outsource this function. It also provides shuttle and switching services related to shuttling containers and trailers in or around freight yards and to/from warehouses.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Covenant Logistics Group Inc revenues increased 4% to $278.8M. Net income before extraordinary items decreased 77% to $3.8M. Revenues reflect Freight revenue increase of 6% to $247.7M. Net income was offset by G/L on Sale of Tangible & Intangible FA increase from $9.8M (income) to $702K (expense), General Supplies and Expenses(1) increase of 53% to $20.8M (expense), Depreciation and amortization.