Covenant Logistics Sees Freight Market Recovery Despite Ongoing Challenges
Covenant Logistics Group Inc. held its third quarter 2025 conference call, where CEO David Parker, President Paul Bunn, and COO Dustin Koehl addressed current market challenges and future outlook. The management discussed the impact of government policies on driver capacity, consumer uncertainty due to elevated interest rates, and the effects of global trade volatility. They also highlighted company-specific challenges for the upcoming quarter, including increased claims accruals, reduced freight volumes for the Department of Defense, and customer bankruptcies affecting TEL. Despite these headwinds, the company reported a 4.0% increase in consolidated freight revenue to $268.9 million, but a 22.5% decrease in adjusted operating income to $15.0 million, mainly due to increased costs in the Truckload segment. The full prepared comments and additional financial information are available on their website at www.covenantlogistics.com\investors.
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