Covenant logistics group updates q3 earnings expectations and resolves dispute regarding sale of tfs factoring division

Covenant logistics group updates third quarter earnings expectations and resolves dispute regarding sale of tfs factoring division.covenant logistics group inc - q3 adjusted operating and financial results expected to significantly exceed prior expectations.covenant logistics group inc - dispute with tfs buyer resolved through purchase price adjustment and ongoing portfolio risk sharing.covenant logistics group inc - expect to report an adjusted operating ratio in low 90's as compared to our previously disclosed expectations in q3.covenant logistics group inc - expect freight revenue (which excludes fuel surcharge revenue) to range between $190 million and $200 million in q3.covenant logistics group inc - purchase accounting for transaction has not yet been finalized.covenant - previously disclosed estimated gain through transaction expected to be reduced to modest q3 gain or loss reflecting impact of amended terms.
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