Covenant Transport Services Acquires Landair Holdings
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.
Dynamo Launches Founders Camp for Entrepreneurs
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.
Covenant Reports Solid First-Quarter Revenue, Income
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.
Covenant Transport Raises Profit Outlook
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.
Former Amazon Executive Joins Covenant Transport as Chief Transformation Officer
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.
February 21, 2018Covenant Reports Higher 4Q Profits
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.
Driver Team Bonus Bolsters Covenant's Recruiting Efforts
Carriers have been increasing compensation to entice drivers to join their ranks, and one of them has developed a fresh approach to bonuses.
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, 2017Covenant Profits Plunge 58% in Second Quarter, Still Beat Low Analyst Forecast
Covenant Transportation Group announced profits plunged 58% in the second quarter, even though the truckload carrier surpassed the low expectations of industry analysts.
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.
May 11, 2017