Quarterly Results
Earnings per share increased 510.00% year over year to $0.61, which were in line with the estimate of $0.61.
Revenue of $225,228,000 decreased by 3.39% year over year, which missed the estimate of $228,070,000.
Guidance
Covenant Logistics Group hasn t issued any revenue guidance for the time being.
Technicals
Company s 52-week low was at $13.23
Price action over last quarter: Up 3.63%
Company Overview
Covenant Logistics Group Inc, formerly Covenant Transportation Group Inc, together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company s reportable segments include Highway Services, Dedicated Contract Services, Managed Freight, and Factoring. Highway Services are further divided into Expedited and OTR while Managed Freight is divided into Brokerage, TMS(Transportation management services, and Warehousing. The Highway and the Dedicated segments cont
Using New Technology for Silo Level Measurement
Industrial Internet of Things (IIoT) is changing inventory management for the better.
Until very recently, inventory management simply involved employing a level sensor with a 4-20 mA output to relay a distance measurement to a PLC in a control room. This approach involved a lot of wiring whilst not providing very much data.
Inventory management software began to emerge around ten years ago, offering an alternative to the traditional HMI or PLC.
The advent of this technology led to software being installed on local area networks (generally by internal IT departments or external contractors), while graphical interfaces became commonplace, providing additional data and automated alerts. Multiple silo or site management options also began to emerge.