Fleet Management

Covenant Transportation Group

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October 19, 2017 - Industry News

Earnings Watch: Werner, Covenant See Double-Digit Gains; Marten Nearly Unchanged

Three trucking fleets issued their third quarter earnings reports on Thursday, with two showing profits increasing significantly from the same time a year earlier, while the third was healthy but nearly the same as it was a year earlier.

Tags: Werner Enterprises, Covenant Transport, Marten Transport, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport

July 28, 2017 - Industry News

Earnings Watch: Covenant Reports Steep Year-over-Year Earnings Drop

Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) reported on July 25 second quarter earnings of $0.08 per share, marking. That’s down 60% year over year, but according to analysis by Stifel, that result is “right in line with the Street consensus of $0.06.”

Tags: Earnings, Covenant Transportation Group

May 11, 2017 - Industry News

Earnings Watch: Schneider Profit Falls 19.8%, Covenant Reports Revised Loss

The truckload, intermodal and logistics services provider Schneider National Inc. reported its first earnings since going public last month, showing a decline in profitability, while another company has revised its earnings, pushing it into the red.

Tags: Covenant Transport, Schneider National, Covenant Transportation Group, Fleet Earnings

January 25, 2017 - Industry News

Earnings Watch: Knight, Covenant, Patriot, YRC Worldwide

The latest batch of fleet earning reports from the fourth quarter are in, with three major fleets reporting revenue dips and a fourth signaling that it will have similar news when its formal report is released next month.

Tags: Florida, Economy, Covenant Transport, Patriot Transportation, YRC Worldwide, Knight Transportation, Covenant Transportation Group, Fleet Earnings

October 19, 2016 - Industry News

Earnings Watch: Covenant Profit Plunges 62%, Landstar Slips 7.6%

Profit for the Tennessee-based parent to Covenant Transport plummeted in the third quarter, while Landstar System recorded only a 7.6% decline, according to numbers released late Wednesday afternoon.

Tags: Economy, Covenant Transport, Landstar System, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport

October 17, 2016 - Industry News

Earnings Watch: Lower J.B. Hunt Numbers Kick off 3rd Quarter Reports

Third quarter earnings for the nation’s trucking companies began rolling in on Monday, following reports of lowered expectations as several negative factors weigh on the nation’s freight markets.

Tags: Economy, Forward Air, JB Hunt, Covenant Transportation Group, Fleet Earnings, Universal Logistics Holdings

July 27, 2016 - Industry News

Earnings Watch: Covenant, Knight, Roadrunner See Lower Profits

Phrases such a “challenging freight market” and a freight environment that’s “less attractive” continued to be some of the buzz words Wednesday as another raft of second quarter corporate earnings washed ashore, while one company defied the trend with its net income soaring more than 300%.

Tags: Economy, Covenant Transport, Roadrunner Transportation, Knight Transportation, Echo Global Logistics, Covenant Transportation Group, Fleet Earnings

June 22, 2016 - Industry News

Earnings Watch: Covenant Latest to Lower Second Quarter Outlook

Covenant Transportation Group Inc. has lowered expectations for its second quarter earnings report due to the current freight market as well as internal issues it’s facing.

Tags: Economy, Covenant Transport, Covenant Transportation Group, Fleet Earnings, Southern Refrigerated Transport

April 27, 2016 - Industry News

Earnings Watch: Saia, Patriot, Covenant and Celadon

The wave of first quarter earnings reports from the nation’s publicly owned fleets continued on Wednesday, with three out of four lower than a year earlier due mainly to less freight to move.

Tags: Florida, Economy, Celadon Trucking Services, Celadon Group, Covenant Transport, Earnings, Patriot Transportation, Saia, Covenant Transportation Group, Fleet Earnings

January 25, 2016 - Industry News

Earnings Watch: Swift Beats Expectations, Covenant Numbers Mixed

One of the nation’s largest trucking companies reported improved earnings for the final quarter of last year and beating its expectations for all of 2015 while another publicly held fleet's latest three-month numbers failed to live up to its annual performance.

Tags: Economy, Covenant Transport, Swift Transportation, Covenant Transportation Group, Fleet Earnings

July 22, 2015 - Industry News

Knight, Covenant Report Higher Profits

Earnings Watch: Two primarily truckload carriers, Knight and Covenant, saw higher profits in the second quarter, but lawsuit-related expenses kept Knight from reporting more.

Tags: Economy, Covenant Transport, Knight Transportation, Covenant Transportation Group, Fleet Earnings

April 24, 2015 - Industry News

Covenant Transport Turns Finances Around

The holding company for trucking companies Covenant Transport and others moved to a profit from a loss in the first quarter of the year.

Tags: Earnings, Covenant Transportation Group

January 22, 2015 - Industry News

Covenant Transport Parent Earnings Jump

The parent to Covenant Transport and other trucking companies, Covenant Transportation Group Inc., has reported big jumps in both its fourth quarter and 2014 profits.

Tags: Covenant Transport, Earnings, Covenant Transportation Group

December 11, 2014 - Industry News

Covenant Transportation Projects Larger Fourth Quarter Earnings

Trucking holding company Covenant Transportation Group has announced it expects to report fourth quarter earnings well above the level from a year earlier due to a big gain in revenue.

Tags: Covenant Transport, Earnings, Covenant Transportation Group

November 17, 2014 - Industry News

Covenant Expects Higher Earnings, Plans Stock Offering

The parent of trucking companies Covenant Transport and others said it expects big improvement when its fourth quarter earnings are released and plans a public stock offering.

Tags: Covenant Transport, Earnings, Covenant Transportation Group

October 22, 2014 - Industry News

Covenant Transportation Group Profit Falls Slightly

The decline was not surprising with the company announcing last month it was hit with a multi-million dollar judgment.

Tags: Covenant Transport, Earnings, Covenant Transportation Group

September 15, 2014 - Industry News

Covenant Transportation Group Projects Lower Third Quarter Net Income

The parent company to trucking operations including Covenant Transport and others has issued expectations for its upcoming third quarter financial results.

Tags: Covenant Transport, Earnings, Covenant Transportation Group

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