Covenant
Business, Technology

Dynamo Launches Founders Camp for Entrepreneurs

Anna Mason Investor Anna Mason talks with entrepreneurs in Chattanooga, Tenn. (Santosh Sankar, Dynamo)

Dynamo, a transportation and logistics-oriented venture capital fund based in Chattanooga, Tenn., is launching a Founders Camp for entrepreneurs with ideas for transforming global trade and commerce.

Daniel P. Bearth | Staff Writer
May 15, 2018
Business, Top 100

Covenant Reports Solid First-Quarter Revenue, Income

Covenant truck on the road Daniel Dubois

Covenant Transportation Group reported first-quarter net income of $4.4 million, or 24 cents per share, compared with a net loss of $39,000 in the same period of 2017.

Burney Simpson | Staff Reporter
April 24, 2018
Business, TCA

Covenant Transport Raises Profit Outlook

John Sommers II for Transport Topics

Covenant Transport raised its profit outlook March 14 for the first quarter after freight revenue rose a better-than-expected 6.3% in the first couple of months of 2018.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
March 15, 2018
Business, TCA

Former Amazon Executive Joins Covenant Transport as Chief Transformation Officer

John Sommers II for Transport Topics

Covenant Transport Services has hired a former executive at Amazon and rival U.S. Xpress Enterprises to serve in the newly created position of chief transformation officer.

Chattanooga (Tenn.) Times/Free Press
February 21, 2018
Business

Covenant Reports Higher 4Q Profits

Covenant Daniel Dubois

Covenant Transportation Group reported higher profits from its dry van and refrigerated truckload operations in the final quarter of 2017, but earnings for the full year declined as the company was unable to supply enough trucks to take full advantage of increased demand for freight shipping during the peak holiday season.

Daniel P. Bearth | Staff Writer
January 30, 2018
Business

Driver Team Bonus Bolsters Covenant's Recruiting Efforts

Covenant truck Covenant Transport

Carriers have been increasing compensation to entice drivers to join their ranks, and one of them has developed a fresh approach to bonuses.

Burney Simpson | Staff Reporter
January 18, 2018
Business

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, 2017
Business

Covenant Profits Plunge 58% in Second Quarter, Still Beat Low Analyst Forecast

Truck Daniel Dubois

Covenant Transportation Group announced profits plunged 58% in the second quarter, even though the truckload carrier surpassed the low expectations of industry analysts.

Ari Ashe | Staff Reporter
July 25, 2017
Business

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.

Transport Topics
May 11, 2017
Business

Covenant Transportation Earnings Fall

Covenant Transport

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.

Jonathan S. Reiskin | Associate News Editor
January 25, 2017

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