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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

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