Covenant

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 | 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
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

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