October 19, 2016
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.
July 27, 2016
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%.
June 22, 2016
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.
April 27, 2016
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.
February 5, 2016
In the ever-changing world of technology, Covenant Transportation Group is taking advantage of the ever-increasing evolution of some of the smallest of these gadgets — the smartphone.
January 25, 2016
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.
October 19, 2015
Covenant Transportation Group reported a big gain in third quarter profit. Revenue slipped 2.3% but freight revenue moved higher.
July 22, 2015
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.
June 8, 2015
Covenant Transport announced a new pay package for the company’s hazardous materials over-the-road drivers that includes per-week minimum pay.
January 22, 2015
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.
December 11, 2014
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.
November 17, 2014
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.
October 22, 2014
The decline was not surprising with the company announcing last month it was hit with a multi-million dollar judgment.
September 15, 2014
The parent company to trucking operations including Covenant Transport and others has issued expectations for its upcoming third quarter financial results.
September 4, 2014
Trucking holding company Covenant Transportation Group announced this week it was hit with a sizeable judgement regarding a 2008 cargo claim while it is raising driver pay for one one of its operations.
July 24, 2014
Tennessee-based Covenant Transportation Group said net income totaled $3.8 million, or 25 cents per share, compared with net income of $1.9 million, or 13 cents per share in the second quarter of 2013.
April 30, 2014
Arkansas-based truckload carrier and logistics provider, USA Truck, cut its net loss from $2.5 million in the first quarter of last year to $1.6 million in the first quarter of this year. This resulted in a diluted loss per share of 15 cents compared to 24 cents during the same time frame.
January 27, 2014
The parent to several freight transportation providers, including Covenant Transport, has released numbers showing net income doubled in the final quarter of the year, but there was a slight decline for all of 2013.
October 18, 2013
The parent company of the carrier Covenant Transport and others, Covenant Transportation Group, has announced third quarter net income of $2 million compared with $1 million the same time a year ago. Company officials cited a higher unseated truck percentage and new hours of service regulations as factors.
Former Con-Way executive Herbert “Herb” Schmidt has been elected to Covenant Transportation Group’s board of directors. Schmidt, age 57, served as the executive vice president of Con-Way Inc. and president of Con-way Truckload from 2007 to 2012.
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