Covenant Logistics Sees Recovery Amid Driver Shortage

Covenant Logistics, despite weaker than expected Q1 earnings, is optimistic about a slow recovery in the freight industry. Driver shortages and increased demand from shippers are driving up rates, with Covenants dedicated and managed freight arms leading the charge. However, rising driver wages and high debt pose challenges. The company is focusing on driver training and tort reform to ease capacity pains and position itself for the trucking cycle flip. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bf654a305e1a8861