Government, Business, Safety

Five Indicted in New Orleans Over Allegations of ‘Staged’ Accident With Truck

Covenant Transport Services truck Covenant attorneys James Prather and Bowman Fetzer, of New Orleans law firm Galloway Johnson, said they spent at least three months investigating the accident. (John Sommers II for Transport Topics)

A federal grand jury in New Orleans has indicted five individuals on six counts of an alleged wire fraud conspiracy in connection with a 2017 auto accident with a tractor-trailer that prosecutors say was staged.

Eric Miller | Staff Reporter
October 25, 2019
Business, Logistics, Top 100

Covenant Transportation Posts $3.2 Million Net Loss in Q3

Covenant truck Covenant Transport

Covenant Transportation Group Inc. reported a net loss of $3.2 million in the third quarter of 2019, compared with net income of $11.6 million in the same quarter of 2018.

Jim Stinson | Staff Reporter
October 22, 2019
Business, Logistics, Top 100

Covenant 2Q Transport Revenue Up, Net Income Down

Covenant truck John Sommers II for Transport Topics

Covenant Transportation Group Inc. reported earnings of 33 cents per share on $6.1 million in net income in the quarter ending June 30, the company said in a July 24 news release.

Jim Stinson | Staff Reporter
July 29, 2019
Business

Covenant Transport Reports Record Revenue, Profits in 4Q 2018

Covenant truck on a highway TT File Photo

Covenant Transportation Group reported record revenue and profits in the fourth quarter of 2018 as strong demand and higher rates boosted its truckload and freight brokerage business units.

Daniel P. Bearth | Senior Staff Writer
January 25, 2019
Business, Top 100

Covenant Transport Reports Record Profits, Revenue in 3Q

Covenant truck on a Kentucky interstate John Sommers II for Transport Topics

Covenant Transportation Group posted record revenue and profits in the third quarter as a strong freight market drove rates higher and the company began to see benefits from its recent acquisition of Landair Holdings.

Daniel P. Bearth | Staff Writer
October 23, 2018
Business, Logistics, Top 100

Covenant Profits Jump on 20% Revenue Rise

Covenant truck Daniel Dubois

Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.

Burney Simpson | Staff Reporter
July 26, 2018
Business, Top 100

Covenant Transport Services Acquires Landair Holdings

Covenant truck Daniel Dubois

Covenant Transport Services has acquired Landair Holdings Inc. of Greeneville, Tenn., for $83 million in cash and the assumption of $15.5 million in debt.

Daniel P. Bearth | Staff Writer
July 6, 2018
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

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