Trucking revenue broke records in 2021, riding on a wave of mergers and acquisitions as well as swelling rates and unrelenting demand, and analysts forecast that 2022 will continue the positive trend.
Covenant Transport news and analysis. Get the latest news about Covenant Transport and the trucking industry.
09 Dec 2019
Although a large carrier, Celadon’s fleet size and revenue are just drops in the US truckload bucket. The biggest impact of its bankruptcy may be in Mexico.
30 Oct 2019
Large truckload carriers continue to shed trucks, according to the JOC Truckload Capacity Index. Logistics providers, however, report ample available truck capacity.
29 Oct 2019
US motor carriers blamed “an oversupply of truckload capacity” for greater-than-expected pressure on earnings in the third quarter.
29 Jul 2019
Large US truckload carriers are cutting excess capacity, albeit only slightly, pulling the JOC Truckload Capacity Index down for the first time since 2016.
25 Jul 2019
Landstar System and Echo Global Logistics reported lower second-quarter earnings, while 3PLS are uncertain whether the malaise will linger through the end of this year.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
19 Mar 2019
There are increasing signs that pricing power in the truckload market might be shifting towards shippers sooner rather than later, or it might just be a temporary blip before rates rise again in the spring.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
08 Feb 2019
US truck capacity loosened significantly in the first quarter, especially on the spot market, but shippers shouldn't expect a "glut" of excess capacity this year.
06 Feb 2019
Collaboration is still high on the to-do list of US shippers and their transportation and logistics partners in 2019, despite slower economic expansion.
05 Jul 2018
The Landair Holdings acquisition underscores strong shipper demand for dedicated services to meet delivery demands.
03 May 2017
Truckload and LTL carriers report higher number of shippers pressing for early contract talks amid concerns over capacity in second half.
25 Apr 2017
More shippers are putting freight lanes up for bid, Covenant Transportation Group executives say.
20 Oct 2016
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.
16 May 2014
The first quarter was warmer for trucking than you might think — at least financially.
01 May 2014
Think driverless trucks are a futuristic fantasy? Plenty of truckload carriers would tell you they have too many driverless trucks today — all parked against the fence for lack of drivers.
31 Jan 2013
Chattanooga, Tenn.-based truckload carrier Covenant Transport reported profit in the fourth quarter of 2012 was $1.5 million, up from a net loss of $2.2 million in the fourth quarter of 2011.