Covenant Transportation Group, one of North America’s largest trucking companies, has had a busy time in terms of news over the past couple of days. In addition to announcing that it was to issue 2.2 million Class A shares – the proceeds of which will be used to pay down debt – it also guided to Q4 earnings per share (EPS) as being “materially greater” than the preceding quarter owing to a combination of improved pricing and a marginal improvement in seated trucks.
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