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Publicly traded carriers report earnings

Publicly traded carriers report earnings
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earnings | Commercial Carrier Journal

Across the top publicly traded fleets, a few themes remain constant: Rates and volumes are high, labor is short, and tech platforms hold the promise of customer satisfaction.

COVENANT LOGISTICS : ANNOUNCES SECOND QUARTER FINANCIAL AND OPERATING RESULTS (Form 8-K)

(1) Represents non-GAAP measures. For the quarter, Warehousing s freight revenue increased 33.0% versus the prior year quarter. The increase in revenue was primarily driven by the year over year impact of new customer business that began operations in the third quarter of 2020. Operating income for the Warehousing segment was $1.0 million and adjusted operating income was $1.4 million, compared with $0.7 million and $1.3 million, respectively, in the second quarter of 2020. Operating ratio for the Warehousing segment was 93.6% and adjusted operating ratio was 91.0%, compared with 94.1% and 88.7%, respectively, in the second quarter of 2020. Capitalization, Liquidity and Capital Expenditures Joey Hogan, the Company s President, added the following comments: At June 30, 2021, our total indebtedness, net of cash ( net indebtedness ), decreased by $35.2 million to approximately $88.1 million as compared to the March 31, 2021 balance

Krayden, Inc Announces New, Upgraded Value Added Services

Krayden, Inc Announces New, Upgraded Value Added Services
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