Covenant Transportation Group announced profits plunged 58% in the second quarter, even though the truckload carrier surpassed the low expectations of industry analysts.
July 25, 2017Business
Covenant Transportation Group Adopts New Name to Market Services
Covenant Transportation Group is adopting Covenant Transport Services as its new name to emphasize the company’s broad range of freight services.
October 2, 2017Business
Covenant Adds Legal Charge to Quarterly Earnings, Ends Quarter in the Red
Covenant Transportation Group, which had eked out a small profit to begin 2017, announced that it would add $900,000 in legal expenses on its financial statements after an adverse ruling in a court case, ending the period with a $39,000 loss.
May 11, 2017Business
Covenant Transportation Earnings Fall
Net income at dry van and refrigerated carrier Covenant Transportation Group fell by more than 50%, year-over-year, for both the fourth quarter and the full year, the Chattanooga, Tennessee, truckload fleet reported Jan. 25.
January 25, 2017Business
Covenant CEO Says Truckers Willing to Pay to Upgrade Highways
The head of one of Chattanooga, Tennessee’s biggest trucking companies says there is an urgent need to upgrade the interstate highways in the Chattanooga region to keep commerce flowing.
December 7, 2016Business
Covenant, Heartland Report Lower Third-Quarter Earnings
Covenant Transportation Group and Heartland Express Inc. reported lower third-quarter earnings, citing factors such as a moderate freight market and excess available capacity.
October 20, 2016Business
Trading Briefly Suspended on Covenant Stock After Dismal Earnings Forecast
Trading of stock in Covenant Transportation Group was suspended Oct. 13 for about 30 minutes after CEO David Parker announced that third-quarter earnings could be more than 50% below the consensus from analysts.
October 13, 2016Business
Covenant Transport Group Names Paul Newbourne COO of Logistics Unit
Covenant Transportation Group named Paul Newbourne chief operating officer at its Covenant Transport Solutions logistical unit, effective immediately.
September 19, 2016Business
Amazon Fuels Growth at Covenant Despite Overall Rough Road for Trucking
America's trucking industry, already struggling with a drop in truck shipments during the first half of 2016, could soon face competition from a behemoth of the logistics industry — Amazon.
August 29, 2016Business
Covenant Lowers Second Quarter Earnings Projections
Covenant Transportation Group Inc. is lowering expectations for earnings in the second-quarter, one day after another large for-hire truckload carrier, Werner Enterprises, made a similar downgrade.
June 22, 2016