Even when volumes rise, lower revenue shows impact of reduced rates and fuel surcharges at publicly owned carriers.
14 Oct 2016
Falling revenue per tractor and higher equipment and insurance costs will narrow Covenant Transport's third-quarter profits, and the truckload carrier won't be alone.
29 Jul 2016
Despite an uptick in volume in July, trucking executives see a long road ahead before truckload rates rise.
27 Jan 2016
Despite an alleged "freight recession," Covenant Transportation Group increased freight revenue 10.8 percent in the fourth quarter, as e-commerce generated a peak-season shipping surge in that benefited the truckload group, which provides capacity to other carriers as well as shippers.
18 Jun 2015
Truckload carrier Transport America hopes to tackle the driver recruitment and retention problem from two angles: raising per mile pay, and increasing its speed limit to give drivers more miles.
04 Jun 2015
As trucking firms battle for qualified drivers, Covenant Transport is offering more than 1,000 team drivers on its payroll $1,000 a week in guaranteed minimum pay, perhaps the largest guarantee of its kind yet. That kind of guarantee requires strong support from shippers.
24 Apr 2015
Large, diversified truckload carriers found detours around the "soft patch" in the U.S. economy during the first quarter, with most increasing revenue and profit. A lack of drivers may have held back some companies.
13 Mar 2015
Rising truckload freight demand lead Landstar System and Covenant Transportation to expand their available capa
18 Feb 2015
Shippers could see truck pricing 'skyrocket' as they scramble to move containers inland once the labor situation at U.S. West Coast ports is resolved, BB&T Capital Markets said.
23 Jan 2015
Higher rates, better utilization, more drivers and new holiday business meant more revenue and profit for Covenant Transportation in 2014.