Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
10/31/2012 10:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Covenant Transportation Swings to 3Q Profit

Covenant Transportation Group reported third-quarter net income of $1 million, or 7 cents a share, turning around a net loss of $11.2 million, or 76 cents, a year earlier.

Revenue rose 4.3% to $168 million. Freight revenue increased 5.1% to $132 million.

Operating income rose to $4.6 million, from a loss of $9.8 million, the truckload carrier said.

Covenant Transportation Group is ranked No. 40 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics


Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement