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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, 2 ....

United States , Exchange Commission , Department Of Transportation , Securities Exchange , Motor Carrier Safety Administration , Securities Act , Securities Exchange Act , Private Securities Litigation Reform Act , Managed Freight , Compliance Safety Accountability , Federal Motor Carrier Safety Administration , Transport Enterprise Leasing , Chief Executive Officer , ஒன்றுபட்டது மாநிலங்களில் , பரிமாற்றம் தரகு , துறை ஆஃப் போக்குவரத்து , பத்திரங்கள் பரிமாற்றம் , பத்திரங்கள் நாடகம் , பத்திரங்கள் பரிமாற்றம் நாடகம் , ப்ரைவேட் பத்திரங்கள் வழக்கு சீர்திருத்தம் நாடகம் , நிர்வகிக்கப்பட்டது சரக்கு , போக்குவரத்து நிறுவன குத்தகை , தலைமை நிர்வாகி அதிகாரி ,