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Covenant reported a profit of $6.7 million or earnings per diluted share of 24 cents in Q4, just over half the $12.8 million or 47 cents per diluted share profit posted in Q4 2023.

The Phoenix-based truckload motor carrier reported a revenue decline of 3.5% in the fourth quarter amid efforts to improve the business ahead of the expected up cycle.

Union Pacific Corp.’s quarterly earnings topped Wall Street estimates, and the railroad said its 2025 outlook remains the same despite a mixed economic forecast.

The Lowell, Ark.-based carrier ended the year slightly behind where it was during the prior fourth quarter amid efforts to reinvest and improve operations, the company reported Jan. 16.