| Hoover's Profile: Covenant Transportation Group, Inc. |
|
Balance Sheet Cash Flow Statement 400 Birmingham Hwy. Chattanooga, TN 37419 TN Tel. 423-821-1212 Fax 423-821-5442 |
Type: Public
On the web:
http://www.covenanttransport.com
Employees:
5,279
Employee growth: 4.5%
Truckload freight carrier Covenant Transportation Group promises its customers speedy service on long-haul and regional routes. The company operates a fleet of about 3,300 tractors and 8,270 trailers, including both dry vans and temperature-controlled units (through its Southern Refrigerated Transport subsidiary). In addition to for-hire transportation, Covenant offers dedicated contract carriage, in which drivers and equipment are assigned long-term to a customer or route, and freight brokerage services. Averaging about 800 miles per length of haul, the company gets business from manufacturers, retailers, and other transportation companies; among its top customers are Georgia-Pacific, Wal-Mart, and UPS.
Key numbers for fiscal year ending December, 2008:
Sales: $773.9M
One year growth: 8.6%
Net income: ($53.4)M
Officers:
Chairman, President, and CEO: David R. Parker
SEVP and COO; President, Covenant Transport: Joey B. Hogan
SVP and CFO: Richard B. Cribbs
Competitors:
J.B. Hunt
U.S. Xpress
Werner Enterprises
