Optimists of the Covenant Foods Group about freight markets in 2025

Covenant Logistics Group Officials said they expect market conditions to improve in the next few months from the main industry.

I think the environment is improving. Optimism is improving,” said the chairman and CEO of Covenant Logistics on Friday during a program call to discuss fourth-quarter earnings.

Chattanooga, Tenn.-based Covenant (Nasdaq:CVLG) reported fourth-quarter results after the market closed.

The company has increased by more than 1% year over year compared to the fourth quarter of 2023.

“This is what I have felt in two and a half years. Parker, we have been waiting for a long time. Something is happening in the market. The cargo arrived in March, which is very good for us to say. And in June or July, somewhere in the middle of summer, there is a lot of cargo. We call it.

More than 100% year-over-year to 190 million, from 3% million to $190 million.

Freight revenue per tractor week increased 2% year-on-year – up to 5,444. Promises graduations’ income for certain classes without income rose from 17,000 to $ 91.7 million.

In the past three weeks, Parker has won several new transport tenders.

We have not done this in two years with this kind of volume. I’m looking at a more realistic cargo that comes to us. That’s all January, 2018. It tells me that it will be the worst two months of the year, from January to January. I think the economy will go forward. “

The revenue of the released cargo shelters decreased by 6% year-over-year to 98.6 million dollars.

The container segment had revenue of $24.3 million in the quarter, down more than 1% year-over-year.

Pillars of the Promise With 2025, the Promise Logistics expects a growth of 2.5% of its business from 252% of calls in 2025.

Based on the following assumptions, in 2025 compared to 2025 compared to 2024 in 2024. Compared to 2025, in 2024 Compared to 2024, we expect. “The fundamentals of the overall freight market have improved to a level that now allows us to negotiate better than in the past two years. We expect to continue the trend to see improved year-over-year pricing under some appreciated or consolidated freight contracts. The contract fan is expected to build on the increased level supported by the year.

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The problems in the poultry industry have affected the performance of the company’s warship flow, Parker said.

In the year April 2023, Promise Logistics is based in Arisville, Arkansas Lew Thompson and sonA trucking company is primarily involved in poultry-related trucking activities.

In the year and a half of being in the poultry business, avian influenza is not good. “He’s going to continue to brag for another 60 days,” Parker said. “Avian influenza was found to be quiet in two regions in the country. For us, there were two farms here and two farms there. I think we still have another four or five weeks and then things will return to normal, hopefully the avian influenza will remain normal.”

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