Covenant Takes Third-Quarter Loss

Covenant Transportation Group reported it lost $3.6 million or 25 cents a share, compared with a net income of $795,000 or 6 cents a year earlier.

Revenue dipped 0.5% to $175.8 million, the truckload carrier said late Thursday.

Freight revenue excluding fuel surcharges rose 3% to $148.5 million, Covenant said.

Covenant is ranked No. 38 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.