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CVTI - Covenant Transportation Group, Inc.

Covenant Transportation Group, Inc. logo Covenant Transportation Group, Inc. (CVTI) is a transportation and logistics company that provides a range of services to customers across North America. The company's services include long-haul trucking, regional trucking, dedicated contract carriage, brokerage, and logistics management.

Covenant Transportation Group operates through several subsidiaries, including Covenant Transport, Southern Refrigerated Transport, Star Transportation, and Transport Enterprise Leasing. The company's customers include manufacturers, retailers, and other companies across a range of industries.

Covenant Transportation Group was founded in 1986 and is headquartered in Chattanooga, Tennessee. The company was performing well financially, with strong revenue and earnings growth in recent years. The company's revenue for the fiscal year 2020 was $936 million, representing an increase of 6.1% compared to the previous year. Net income for the same period was $24.6 million, an improvement from a net loss of $3.3 million in the previous year.

Covenant Transportation Group has a market capitalization of approximately $677 million as of my knowledge cutoff of September 2021, and its stock is listed on the NASDAQ stock exchange under the ticker symbol CVTI.

The transportation and logistics industry is subject to various risks, including changes in fuel prices, regulatory risks, and competition from other companies. However, Covenant Transportation Group's diversified business model, focus on customer service, and strong financial performance should position it well for continued success in




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