Covenant Logistics Group It registered income for freight transport of $ 251 million during the fourth quarter, and truck loading operations increased by $ 3% to $ 190 million.

Chattanooga Pact, Tennessee (Nasdaq: CVLG) He reported adjusted earnings by 49 cents during the quarter, in line with the estimates of 49 cents analysts.

The company registered total $ 277 million revenue during the quarter, an increase of 1% year -on -year compared to the fourth quarter of 2023, and lost Wall Street estimates of $ 283 million.

“We are pleased to inform of a few quarter gains of 24 cents per diluted action and non -gaap adjusted gains of 49 cents per diluted action, over 27.9 million diluted actions medium -weighted in circulation after giving effect to our Recent actions division of 2 by 1, ”the President and CEO of Covenant Logistics, David R. Parker, said in a News Communication. “These results mark the end of another year of success despite a general freight transport environment, and could not be happier than our team has been planned and adjusted throughout the year.”

Revenue for freight transport by tractor and week increased by 2% year -on -year to $ 5,444. Accelerated truck loading revenue decreased by $ 6% to $ 98.6 million, while the revenue of the dedicated segment increased by $ 17% to $ 91.7 million.

Covenant’s managed transport segment recorded revenue of $ 62.2 million in the fourth quarter, a 5% decrease compared to the same time last year. The storage segment had income of $ 24.3 million during the quarter, a decrease in 1% year -on -year.

Covenant will give a conference to discuss the results with analysts at 10 am on Friday.

Covenant Logistics GroupQ4/24Q4/23And/i % changeTotal incomeBreeding Truck Loading:IncomeIncome for freight transport (no fuel)Income per total mileIncome/Tractor/WeekOr% adjustedManaged load:IncomeOffable exploitation resultOr% adjustedAccelerated load:Income (fuel exempt)Offable exploitation resultOr% adjustedGain by adjusted action

The publication Fourth quarter of Covenant Logistics Group: First Eye appeared first Freightwaves.