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Diesel prices soaring to new highs, driver pay increasing, and operating costs up 40-50% since 2019 are reshaping the freight landscape. David Parker of Covenant Logistics Group joins us to break down the latest SONAR data, discussing everything from tight drayage capacity to the surprising impact of NIMBYism on data center growth and its implications […] The post Diesel Hits Record High, Driver Pay Up 50% appeared first on FreightWaves.
David Parker, CEO of Covenant Logistics Group, discusses the evolving freight landscape, including the impact of emissions standards, the move away from commoditized OTR, and surprising insights into specialized markets like live chicken hauling. He shares his views on the future of electric and autonomous trucks, and how economic factors like GLP-1 drugs are affecting […] The post The Freight Market is Healthier Than You Think appeared first on FreightWaves.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks. But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the industry has underperformed the market over the past six months as its 2.9% return lagged the S&P 500 by 10.2 percentage points.
CHATTANOOGA, Tenn., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cash dividend of $0.07 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on September 4, 2026, and is expected to be paid on September 25, 2026. The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Co
Since August 2021, the S&P 500 has delivered a total return of 73.7%. But one standout stock has more than doubled the market - over the past five years, Covenant Logistics has surged 201% to $33.37 per share. Its momentum hasn’t stopped as it’s also gained 18.8% in the last six months, beating the S&P by 5.4%.
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the ground transportation stocks, including Covenant Logistics (NYSE:CVLG) and its peers.
SummaryView Transcript Trucking leaders David Parker (Covenant Logistics) and Max Fuller (U.S. Xpress) unpack the state of the freight market, from the driver shortage to nuclear verdicts. Discover why market stability and tort reform are crucial for carrier survival and what’s driving the “supercycle” in this candid discussion. A Utah jury awarded an $86 million […] The post Nuclear Verdicts: $86M awarded despite NO negligence? [Trucking Crisis] appeared first on FreightWaves.
Shares of freight and logistics provider Covenant Logistics (NASDAQ:CVLG) fell 13% in the afternoon session after the company reported mixed second-quarter results where revenue beat expectations but earnings fell short.
Moby summary of Covenant Logistics Group, Inc.'s Q2 2026 earnings call
Freight and logistics provider Covenant Logistics (NASDAQ:CVLG) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 9.9% year on year to $332.9 million. Its non-GAAP profit of $0.42 per share was in line with analysts’ consensus estimates.
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