Covenant Reports 3Q Loss

Covenant Transportation Group said late Monday it lost $3.4 million, or 24 cents a share, in the third quarter, compared with a loss of $3.6 million, or 25 cents, a year ago.

Revenue rose 20.9% to $212.5 million, the truckload carrier said in a statement.

Freight revenue, which excludes fuel surcharges, rose 9.7% to $162.9 million, Covenant said.

Covenant is ranked No. 39 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.