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Amazon speeds last-mile delivery, expands robotics fleet past 1 million Hugging Face CEO demands AI firms answer for rogue bot attacks First tariff-free Scottish salmon shipment arrives in Bengaluru under UK-India CETA Chinese AI Researchers Are Finding Their Voice on X Equipment Sale Gains Save Heartland Express Q2, Masking 103% Operating Ratio Covenant Logistics Shares Plunge 11.2% on Earnings; CFO Stresses Long-Term Strategy India, Bhutan Sign Two Agreements on Line of Credit, Health Education Cooperation During Misri's Visit Nasdaq rises as Amazon's 13.7% rally lifts tech stocks; Apple drops 9.8% Atlas grows Kodiak driverless truck fleet to 100 rigs AI Slop Melodramas on X Exploit Revenue Sharing, Creators Cash In Amazon speeds last-mile delivery, expands robotics fleet past 1 million Hugging Face CEO demands AI firms answer for rogue bot attacks First tariff-free Scottish salmon shipment arrives in Bengaluru under UK-India CETA Chinese AI Researchers Are Finding Their Voice on X Equipment Sale Gains Save Heartland Express Q2, Masking 103% Operating Ratio Covenant Logistics Shares Plunge 11.2% on Earnings; CFO Stresses Long-Term Strategy India, Bhutan Sign Two Agreements on Line of Credit, Health Education Cooperation During Misri's Visit Nasdaq rises as Amazon's 13.7% rally lifts tech stocks; Apple drops 9.8% Atlas grows Kodiak driverless truck fleet to 100 rigs AI Slop Melodramas on X Exploit Revenue Sharing, Creators Cash In
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Covenant Logistics Shares Plunge 11.2% on Earnings; CFO Stresses Long-Term Strategy Finance
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Covenant Logistics Shares Plunge 11.2% on Earnings; CFO Stresses Long-Term Strategy

Covenant Logistics stock plunged 11.2% to $36.85 on Thursday after the company reported adjusted EPS of 42 cents, down from 45 cents, despite a 6.16% rise in freight revenue. CFO James Grant told analysts the company is deliberately built for long-term structural strengthening rather than short-term rate surges. The Expedited division lagged, with ex-fuel revenue down 12.9%.

Jul 31, 2026 1 source