Covenant CEO sees ‘pain before the gain’ as trucking capacity tightens

Covenant Logistics Group  CEO David Parker told analysts Thursday that the trucking market remains mired in “one of the most interesting times” of his five-decade career — but believes the prolonged downturn is nearing an inflection point as more smaller carriers close under mounting regulatory and insurance pressure. Chattanooga-based Covenant Logistics Group (NYSE: CVLG) released its third-quarter earnings on Wednesday and held an earnings call on Thursday. The company posted revenue of $296.9 million d ...