Covenant News Updates

Business, Top 100

Covenant Reports $274.6 Million in Revenue for Q3 2021

Covenant Logistics Group Inc. saw revenue increase to $274.6 million during the third quarter of 2021, the company reported Oct. 20.

October 21, 2021
Business, Logistics, Top 100

Manager’s Road Back to Baseball Took a Trucking Turn

Phillip Wellman is a baseball lifer, but a stint as a trucking fleet manager left an indelible impression.

June 8, 2021
Business, Logistics, Top 100, TCA

Covenant Realigns Top Management

Covenant Transportation Group Inc. is realigning its senior management team at its Chattanooga, Tenn., headquarters three years after making its biggest purchase in the company’s 35-year history.

April 12, 2021
Business, Top 100

Covenant Reports Mixed Results for Q4 2020

Covenant Logistics Group Inc. posted a net loss of $25.7 million, or minus $1.50 a diluted share, for the three months ending Dec. 31, the Chattanooga, Tenn.-based truckload carrier announced Jan. 25.

January 26, 2021
Business, Top 100

Covenant Logistics Reports Mixed Results for Q3

Covenant Logistics Group reported increased earnings on lower income during the third quarter, the carrier reported Oct. 26.

October 27, 2020
Business, Logistics, Top 100

Covenant Relocates Texarkana Terminal Operations

Covenant Transportation Group is planning to close its Texarkana, Ark., terminal and relocate operations to other facilities, the company announced April 20.

April 21, 2020
Business, TCA

Truckers Haul Supplies While Coronavirus Keeps Many at ºÚÁϳԹÏÍø

The truckers who haul toilet paper, hand sanitizer and ground beef to retail shelves across the country have their work cut out for them as stores try to rebound from the panic buying that has characterized the coronavirus crisis.

March 20, 2020
Government, Business, Safety

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

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.

October 25, 2019
Business, Logistics, Top 100

Covenant Transportation Posts $3.2 Million Net Loss in Q3

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.

October 22, 2019
Business, Logistics, Top 100

Covenant 2Q Transport Revenue Up, Net Income Down

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.

July 29, 2019