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David Floyd

David Floyd

business reporter at Chattanooga Times Free Press, Inc

Chattanooga, TN, US

David Floyd is a business reporter at the Chattanooga Times Free Press, specializing in local and regional business coverage. He has reported extensively on companies and economic developments in the Chattanooga area, drawing from experience in both government and business journalism. Floyd began his journalism career after graduating from East Tennessee State University in 2017, with prior roles at the Johnson City Press and as a government reporter before moving to the business news desk in 2024. While he is not a registered analyst with formal securities credentials, his reporting is recognized for its breadth in regional business affairs.

David Floyd's questions to COVENANT LOGISTICS GROUP (CVLG) leadership

Question · Q2 2025

David Floyd of the Chattanooga Times Free Press, Inc asked for elaboration on the drivers of record Q2 revenue, the impact of English proficiency rules on driver recruitment, and the company's outlook for the freight market under the current administration's economic policies.

Answer

CFO Tripp Grant attributed the record revenue primarily to significant growth in the Dedicated segment's fleet and a nearly $18 million year-over-year increase in Managed Freight revenue. CEO David Parker stated that English proficiency rules do not impact Covenant's recruitment, as it has always been a requirement, and sees it as a positive for the industry via capacity reduction. Parker linked a stronger economy with higher GDP and lower interest rates to increased freight demand, particularly from the housing sector.

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