Higher Rates Help Knight, Covenant Improve Profits
Two of the nation’s largest truckload fleets raised second-quarter earnings with help from rate increases.
Covenant Transport Offers Hazmat Driver Pay Guarantee
Covenant Transport announced a new compensation package for experienced hazardous material team drivers that guarantees weekly pay of $1,000.
June 5, 2015Covenant Transportation Expects Higher 4Q Earnings
Covenant Transportation Group Inc. said it expects fourth-quarter 2014 net income of 70 cents to 78 cents a share, compared with 40 cents a share in the previous year’s quarter.
December 11, 2014Covenant Expects 4Q Earnings to Rise
Covenant Transportation Group Inc. said it expects its fourth-quarter earnings per share to be “materially greater” than a year earlier based on improved operating results in the quarter to date.
Covenant’s 3Q Profit Declines Due to Cargo Claim
Covenant Transportation Group said its third-quarter earnings declined from a year ago due to a cargo claim judgment.
Covenant Forecasts Higher 3Q Earnings
Covenant Transportation Group Inc. said its third-quarter earnings per share will be triple what they were a year ago, excluding charges.
Covenant Transport Raises Driver Pay 6%
Covenant Transport Inc. said it is increasing driver pay by about 6% to attract hazmat-certified team drivers for its over-the-road program.
September 3, 2014Covenant’s Net Income Rises to $3.8 Million
Covenant Transportation Group reported its second-quarter net income doubled to $3.8 million, or 25 cents per share, from $1.9 million, or 13 cents, a year ago.
July 24, 2014Covenant Transportation’s 1Q Loss Narrows
Covenant Transportation Group narrowed its first-quarter to loss to $1.4 million, or 9 cents per share, from $2 million, or 13 cents, a year ago.
April 30, 2014Covenant Income Rises in Fourth Quarter
Covenant Transportation Group said its net income increased in the fourth quarter to $3.3 million, or 22 cents a share, from $1.5 million, or 10 cents, in the same quarter in 2012.
January 27, 2014