Covenant Transport Group announces earnings warning
“Add Covenant Transportation Group (NASDAQ: CVTI) to the group of truckload (TL) carriers that won’t be able to meet analyst expectations for the second quarter of 2019.” – According to the article in freightwaves.com and its author
“Earlier today (July 17, 2019), Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) modestly lowered its earnings outlook for both the second and third quarters of 2019 and provided a fourth-quarter 2019 guidance range that was in-line with analyst estimates. Last week it was a different Chattanooga-based TL carrier U.S. Xpress (NYSE: USX) that said it failed to meet its previous operating ratio (operating expenses as a percentage of revenue) target laid out in its initial public offering roadshow and later reiterated on its first-quarter 2019 earnings call.” –also wrote in his article.
Read the full story HERE
Source and credits: freightwaves.com /