The UP-NS pitch to regulators is that the combined network would pull 2.1 million truckloads off highways annually. Plus: USPS signs a $10B+ deal with DHL, 20+ carriers go under in May, and Hub Group's CFO and COO are out.
š£ (PREVIEW) David Parker, CEO & Founder of Covenant
āI used to hate a freight broker. All they're trying to do is take my money. That was the attitude⦠until you realize that if there's a load of freight, whether itās intermodal, brokerage, or assets, the load is going to go the way itās supposed to go. You can fight it, but youāll go broke.ā
We sat down with David Parker, the CEO & Founder of Covenant Logistics, who's been in trucking since the age of 15.
From taking care of driver logs to later watching his step-father, Clyde Fuller, run one of the largest trucking companies in America. David's seen it all- deregulation, being broke twice- and coming out on top with Covenant, which he's ran since 1986.
This is a preview of that conversation.
The full interview is available only to FreightCaviar Magazine subscribers in our private Circle community.
David Parker, CEO & Founder of Covenant: Building a Freight Legacy
Trucking was in Davidās blood. His stepfather (Clyde Fuller) ran Southwest Motor Freight, one of the largest trucking companies in America before deregulationā500 trucks, $63 million in revenue.
By 15, David was already working 40-hour weeks, handling driver logs and learning the business from the ground up.
"At 16, a large company came in and had discussions about buying the company. āWe want you stay, if you do this⦠I said, āI just got to be honest with you, my goal is to own my own one day.ā So I had that entrepreneurial spirit, that desire, at 16 years old.ā
Source: Covenant Logistics
In 1986, David, then 28, and his wife Jacqueline started Covenant with just $150,000 and a non-compete agreement, after leaving Southwest Motor Freight, which his father had sold in 1984.
Despite two bankruptcies in the last four decades and the pressure of growing from a handful of trucks to thousands, David never lost sight of his vision.
āI remember my accountant coming to me, in March or April of 1986, and saying āYou know, David, that $150,000 that you got on that non-compete, I'm about out of that money. We may ought to go get some more businessā. So you have the same pressure whether you're running 25 trucks or 2,000 or 5,000 trucks.ā
When asked if he ever questioned whether Chattanooga was home to Covenant, he says there was never a doubt in his mind.
āYouāve heard all kinds of discussions about per-capita, Chicago and Chattanooga, but thereās no doubt that Freight Alley is very important to Chattanooga.ā
David has seen the industry evolve from a negative mindset toward one of collaboration and efficiency:
āI used to hate a freight broker. All they're trying to do is take my money. That was the attitude⦠until you realize that if there's a load of freight, whether itās intermodal, brokerage, or assets, the load is going to go the way itās supposed to go. You can fight it, but youāll go broke.ā
From his teen years, logging driver's hours to building a legacy that shaped Chattanoogaās Freight Alley, David Parkerās story is one of grit, resilience, and vision.
The full interview is available to FreightCaviar Magazine subscribers inside our private Circle community.
CHATTANOOGA, TN. Join FreightCaviar on April 9th at Home Barā 409 Market Street ā for the drop of FreightCaviar Print Issue No. 2: The Freight Alley Edition, 80 pages tracing how one city became the heartbeat of American trucking, brokerage, and freight technology.
The same night, we're premiering our Freight Alley film, where you can hear the story direct from Chattanooga legends like Max Fuller, David Parker, and Ted Alling.
The UP-NS pitch to regulators is that the combined network would pull 2.1 million truckloads off highways annually. Plus: USPS signs a $10B+ deal with DHL, 20+ carriers go under in May, and Hub Group's CFO and COO are out.
Echo Global Logistics is heading back to court after the Supreme Court stripped brokers of their legal shield. Plus: insurance premiums aren't stopping, AGX Freight sues R&R and Huntington, Walmart just closed the door on inbound LTL, and more.
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