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Covenant Logistics Q1 earnings miss due to weather and fuel costs, but sees growth in freight volumes and customer demand.

Company Fundamentals
23 Apr 2026
GlobeNewsWire
View Source
Neutral
pluang ai news

Covenant Logistics Group reported Q1 2026 earnings of $0.17 per diluted share, below expectations due to severe weather and fuel cost challenges early in the year. Freight volumes and rates improved in March, with growth in dedicated truckload and managed freight segments driving revenue up 14% year-over-year. The company plans to focus on improving yields and reallocating assets to higher-margin operations, expecting continued momentum and stronger pricing opportunities through 2026. Net indebtedness decreased by $51 million, reflecting asset sales and controlled capital expenditures.

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