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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 ....

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Covenant focuses on improving results in downside of cycle

Covenant focuses on improving results in downside of cycle
freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.

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Illinois trucking company with history of HOS violations files Chapter 7


Illinois trucking company with history of HOS violations files Chapter 7
B & B Logistics shuttered operations soon after receiving a conditional rating for HOS violations
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B & B Logistics of Elmhurst, Illinois, shuttered operations and filed Chapter 7 bankruptcy in mid-May. Photo: Jim Allen/FreightWaves
An Illinois trucking company, cited several times for hours-of-service (HOS) violations, shuttered operations and filed Chapter 7 bankruptcy in mid-May.
B & B Logistics Inc., headquartered in Elmhurst, filed its petition in the U.S. Bankruptcy Court for the Northern District of Illinois on May 13. 
The trucking company, which once had 17 drivers and 19 power units, ceased operations nearly a year ago after its authority was revoked by the Federal Motor Carrier Safety Administration (FMCSA). ....

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Local Jobs: Check Out Who's Hiring In The Dormont-Brookline Area


Local Jobs: Check Out Who s Hiring In The Dormont-Brookline Area
Patch
2 hrs ago
Job News
© Shutterstock / NPFire
The employment site ZipRecruiter.com has listed scores of jobs that have opened even as the coronavirus pandemic continues and many businesses remain closed.
DORMONT-BROOKLINE, PA The economic devastation caused by the COVID-19 pandemic has been felt in every corner of the county, including in the Dormont-Brookline area and across greater Pennsylvania. But there are still local job opportunities available, as companies attempt to navigate the new normal.
Looking for work? You may be in luck. Here s our weekly roundup of recently posted jobs in the Dormont-Brookline region, as powered by ZipRecruiter, to help you through the current landscape. Click any job listing below for more details, or to apply. ....

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