BNET Industries

Covenant Transport Inc.

(CVTI) is in the Transportation Industry

Market Cap:$55.6M
Last Fiscal Year Sales:$773.9M
  • Public
  • US
Dow Jones Description

Covenant Transport, Inc. (CVTI), is a faith-based, publicly-traded truckload carrier with headquarters in the Scenic City of Chattanooga, Tennessee. David and Jacqueline Parker started Covenant Transport with just 25 tractors and 50 trailers in 1985. Today, Covenant Transport, Inc. is a group of transportation providers that offer premium transportation services for customers throughout the United States. The consolidated group includes operations from Covenant Transport and Covenant Transport Solutions of Chattanooga, Tennessee; Southern Refrigerated Transport (www.southernref.com) of Texarkana, Arkansas; and Star Transportation (www.startransportation.com) of Nashville, Tennessee. The group operates over 3,600 tractors and 9,500 trailers. Covenant Transport has terminals in the following cities: Chattanooga, TN; Hutchins, TX; Horizon City, TX; Pomona, CA; Oklahoma City, OK; Indianapolis, IN; Dalton, GA; Sayreville, NJ; Long Beach, CA ; Laredo, TX; French Camp, CA; Greensboro, NC ; Tipp City, OH and Little Rock, AR. At Covenant Transport, our values drive our performance, as proven by industry statistics ranking us one of the ten largest truckload carriers in the United States measured by revenue. Our business strategy is focused on target markets where we believe our service standards can provide a competitive advantage including manufacturing, retail, freight forwarders, less-than-truckload carriers and third-party logistic providers that require a high level of service...

Chief Executive Officer
David Parker
Number of Employees 5,279
Contact Information

400 Birmingham Hwy

Chattanooga, Tennessee 37419-2346

covenanttranspo...

(423) 821-1212

NAICS Code General Freight Trucking, Long-Distance, Truckload: 484121

Recent Events

  • Covenant Posts Third Quarter Loss

    10/28/09 - Financial Announcement - View Story

  • Covenant using ACS Expedited Solutions truckstop scanning network

    8/11/09 - Joint Venture / Alliance - View Story

  • Covenant says trucking outlook is improving

    7/31/09 - Financial Announcement - View Story

News & Analysis

covenant transport inc. - All News and Analysis

  • Two of the Nation's Largest Truck Carriers Select WAR-LOK to Secure Assets

    - 2005-06-14

    OMAHA, Neb. -- Gabriel Technologies Corp (OTCBB:GWLK), a homeland security company focused on serving the transportation industry, announced today that it has received orders from Crete Carrier Corporation, based out of Lincoln, Neb, and also from Covenant Transport, Inc., based out of Chattanooga, Tenn. Both sales are for the...

    Tags: Covenant Transport Inc.

  • EARNINGS

    - 2005-01-31

    Less-Than-TruckloadCNF Inc. (NYSE: CNF), PaIo Alto, Calif., owns regional less-than-truckload, expedited carrier group Con-Way Transportation Services; trailer maker Road Systems and Menlo Worldwide, a holding company within CNF that includes Menlo Worldwide Logistics, Menlo Worldwide Technologies and Vector SCM.In the fourth quarter, the company reported in discontinued operations an after-tax...

    Tags: Covenant Transport Inc., Saia Motor Freight Line

  • EARNINGS

    - 2004-10-25

    TruckloadJ.B. Hunt Transport Services (Nasdaq: JBHT), Lowell, Ark., is the parent of truckload dry van and intermodal carrier J.B. Hunt Transport and owns 27% of Transplace Inc., the successor, in part, to J.B. Hunt Logistics.The operating ratio for the company improved to 88.5 from 90.7 in the 2003 quarter. OR...

    Tags: Covenant Transport Inc.

  • Chattanooga, Tenn.-based Covenant Transport tops 2003 second-quarter earnings.

    - 2004-07-21

    By Bob Gary Jr., Chattanooga Times/Free Press, Tenn. Knight Ridder/Tribune Business News Jul. 21--Covenant Transport Inc. officials announced Tuesday that the company's second-quarter net income was 39 percent higher than a year ago. The Chattanooga-based trucking company had $4.4 million...

    Tags: Covenant Transport Inc.

  • EARNINGS

    - 2004-04-26

    CNF Inc. (NYSE: CNF), Palo Alto, Calif., is the parent of regional less-than-truckload, expedited carrier group Con-Way Transportation Sendees; trailer manufacturer Road Systems and Menlo Worldwide - a holding company within CNF - that includes Menlo Worldwide Forwarding formerly Emery Forwarding, Menlo Worldwide Logistics, Menlo Worldwide Technologies and Vector SCM,...

    Tags: Covenant Transport Inc.

Decision Makers

Name (plus bio) Position
David Parker Chief Executive Officer
James Brower President of Star Transportation, Inc.
Tony Smith President
David Hughes CFO, Star Transportation
Joey B. Hogan Senior Executive Vice President, Chief Operating Officer
Richard Cribbs Chief Financial Officer
Sam Harlin CIO & Vice President, Info Services
L. Miller III Executive Vice President, Sales and Marketing
R. Lovin Secretary & Executive Vice President, Admin
Charles J Eddy Senior Vice President, Operations
Jeffrey Paulsen Senior Vice President Sales
M. David Hughes Treasurer & Senior Vice President
R. H. Lovin Senior Vice President, Admin
Richard L. Towe Senior Vice President, Driver Mgmt of Sub
Brent Bass Vice President, Account Sales
Jeff Taylor Vice President Sales
Jerry Eddy Vice President & General Manager
John Daniel Vice President Marketing, Business Development
Rob Stephens Vice President & General Manager
Roger Dotson Vice President Corporate Accounts
Steve Taggart Vice President Corporate Accounts
Jeff Acuff General Manager
Matt Long Business Development Manager

Board of Directors

Name (plus bio) Position
Robert E. Bosworth Chairman
Bradley A. Moline Board of Directors
Niel B. Nielson Board of Directors
William T. Alt Board of Directors

Organization Position Status
Covenant Transport Inc. Chief Executive Officer Current
Covenant Transport Inc. President Current
Covenant Transport Inc. Chairman of the Board Current
American Trucking Associations, Inc. Board of Directors Current
Truckload Carriers Association Board of Directors Current

Organization Position Status
Covenant Transport Inc. President of Star Transportation, Inc. Current

Organization Position Status
Covenant Transport Inc. President Current

Organization Position Status
Covenant Transport Inc. CFO, Star Transportation Current
Covenant Transport Inc. Treasurer & Senior Vice President, Fleet Mgmt & Procurement Former
Covenant Transport Inc. Director, New Business Former

Organization Position Status
Covenant Transport Inc. Senior Executive Vice President, Chief Operating Officer Current

Organization Position Status
Covenant Transport Inc. Chief Financial Officer Current

Organization Position Status
Covenant Transport Inc. CIO & Vice President, Info Services Current

Organization Position Status
Covenant Transport Inc. Executive Vice President, Sales and Marketing Current

Organization Position Status
Covenant Transport Inc. Secretary & Executive Vice President, Admin Current
Covenant Transport Inc. Secretary & Senior Vice President, Admin Former

Organization Position Status
Covenant Transport Inc. Senior Vice President, Operations Current
Covenant Transport Inc. Vice President & Gm, Dedicated Former

Jeffrey Paulsen , 41, has served as our Senior Vice President and General Manager of our Regional service offering since joining us in November 2005. Mr. Paulsen joined us with over fifteen (15) years of experience in the transportation industry obtained with Werner Enterprises, Inc. While at Werner, Mr. Paulsen served as Vice President Field Sales from July 2004 to November 2005, and Associate Vice President Field Sales from July 2002 to July 2004, where he managed Werner's outside sales force. Prior to that, Mr. Paulsen served as the Senior Sales Director-West/Southwest, Western Canada, and Mexico from July 2001 to July 2002, where he oversaw Werner's international business, including border crossing procedures and Mexican carrier relationships. From June 1999 to July 2001 Mr. Paulsen served as Werner's Sales Director of the West/Southwest where he was responsible for coordinating the sales of various service offerings and directing rate and fuel surcharge initiatives. Jeffrey Taylor , 40, served as our Vice President and General Manager of our Refrigerated service offering from September 2005 until December 31, 2006. In 2007, Mr. Taylor became the Co-Manager of our Expedited service offering when a portion of our refrigerated service was combined into the Expedited service offering. Prior to joining us, Mr. Taylor served as the Director of Air Cargo Executive Support for Xpress Global Systems from September 2004 to February 2005, where he was responsible for managing the sales team, forecasting developed sales, and developing capacity for the linehaul division. Prior to his employment at Xpress Global Systems, Mr. Taylor served as the Vice President of Operations and Sales of Jim Palmer Trucking from January 2000 to September 2004.

Organization Position Status
Covenant Transport Inc. Senior Vice President Sales Current

Organization Position Status
Covenant Transport Inc. Treasurer & Senior Vice President Current
Covenant Transport Inc. Board of Directors Current

Organization Position Status
Covenant Transport Inc. Senior Vice President, Admin Current

Organization Position Status
Covenant Transport Inc. Senior Vice President, Driver Mgmt of Sub Current

Organization Position Status
Covenant Transport Inc. Vice President, Account Sales Current

Organization Position Status
Covenant Transport Inc. Vice President Sales Current

Organization Position Status
Covenant Transport Inc. Vice President & General Manager Current

Organization Position Status
Covenant Transport Inc. Vice President Marketing, Business Development Current

Organization Position Status
Covenant Transport Inc. Vice President & General Manager Current

Organization Position Status
Covenant Transport Inc. Vice President Corporate Accounts Current

Organization Position Status
Covenant Transport Inc. Vice President Corporate Accounts Current
Covenant Transport Inc. General Manager Former

Organization Position Status
Covenant Transport Inc. General Manager Current

Organization Position Status
Covenant Transport Inc. Business Development Manager Current

Robert E. Bosworth , 61, has served as a director since 1998. Since September 19, 2005, Mr. Bosworth has served as the President and Chief Operating Officer of Chattem, Inc., a publicly traded consumer products company. Prior to such position, Mr. Bosworth served as Chief Financial Officer for the Livingston Company, a merchant bank located in Chattanooga, Tennessee, since 2004, and as Livingston's Vice President of Corporate Finance since 2001. From 1998 until 2001, Mr. Bosworth was a business and management consultant to various corporations in the Chattanooga area. Prior to 1998, Mr. Bosworth served for more than five years as Executive Vice President and Chief Financial Officer of Chattem, Inc. Mr. Bosworth is currently a director of Chattem, Inc.

Organization Position Status
Chattem, Inc. President Current
Chattem, Inc. Chief Operating Officer Current
Covenant Transport Inc. Chairman Current
Chattem, Inc. Director Current
Livingston & Company Chief Financial Officer Former
Chattem, Inc. Executive Vice President Former
Covenant Transport Inc. Director Former

Organization Position Status
Covenant Transport Inc. Board of Directors Current

Dr. Niel B. Nielson , 55, has served as a director since 2003. Dr. Nielson has been President of Covenant College since 2002. From 1997 until 2002, Dr. Nielson was the Associate Pastor of Outreach for College Church in Wheaton, Illinois. Dr. Nielson was a partner and trader for Ritchie Capital Markets Group, LLC from 1996 to 1997. Prior to 1996, Dr. Nielson served as an executive officer in various companies, including serving for two years as Senior Vice President of Chicago Research and Trading Group, Ltd., a company at which he was employed for nine years. Dr. Nielson holds several investment company directorships, including 14 directorships of closed-end funds associated with the First Trust group of funds, 38 directorships of exchange-traded funds associated with the First Trust group of funds, and one directorship of the First Defined Portfolio Fund LLC.

Organization Position Status
Covenant Transport Inc. Board of Directors Current
College Church Associate Pastor Former

Organization Position Status
Covenant Transport Inc. Board of Directors Current

Executive News

  • Chattem to Webcast Presentation from the Barclays Capital Back-To-School Consumer Conference

    Business Wire - 9/01/09 - View Story

  • Covenant using ACS Expedited Solutions truckstop scanning network

    ETrucker - 8/11/09 - View Story

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     CVTI $4.70 -0.14 (-2.89% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 9,960
Shares Outstanding 11.84M
Market Cap 55.7M
Year High 5.89
Year Low 1.43
Earnings Per Share -4.40
P/E Ratio -1.07
Dividend N/A
Yield N/A
IndustryTop Rated
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