CVTI Profile
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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