Covenant Logistics Group reported revenue of $287.5 million in the second quarter after the market closed Wednesday, an increase of 4.7% year-over-year compared to 2023. The company posted adjusted second-quarter earnings of $1.04 cents per share, a 2.8% decrease compared to the same year-ago period. Chattanooga, Tennessee-based Covenant’s (NASDAQ: CVLG) second-quarter EPS surpassed the consensus…
A 23% decline in operating profit during the second quarter represented sequential improvement for Swiss logistics giant Kuehne+Nagel, which credited increased airfreight demand with offsetting other sector declines and said it expects stronger profits in the back half of the year. Meanwhile, Danish rival DSV on Wednesday reported a 12.4% reduction in operating income from…
JERSEY CITY, N.J. – Against a backdrop of New York Harbor and cranes looming over the Port of Newark, the Supply Chain Council announced its formation Wednesday, boasting that it will fill a void among logistics-focused associations by casting a wider membership net. At a press briefing at Liberty State Park, the type of “big…
WASHINGTON — With dust starting to settle after the landmark Supreme Court Chevron decision upended the federal rulemaking process, Republican lawmakers are eager to hear about rules that small-business truckers would like to see challenged. OOIDA’s Lewie Pugh testifies on Wednesday. Photo: House T&I Committee “I think first and foremost is the speed limiter rule…
This story originally aired on Trains.com. MONTREAL – Canadian National was able to reopen its main line through Jasper, Alberta, this afternoon while keeping a close eye on a pair of wildfires that have been threatening the resort town. “CN resumed rail operations at approximately 12 Noon MST on Wednesday, July 24, through Jasper. In…