Covenant Transport

STEER Act Coalition Kicks-Off to Support Access to Trucking Technology, Reduce CO2 Emissions, and Tackle Fuel Price Inflation

Retrieved on: 
Friday, July 29, 2022
Oil, Gas, White House, Federal Government, Energy, Sustainability, Public Policy, Alternative Vehicles, Fuels, Environmental Policy, Other Transport, Environment, Trucking, Public Policy, Government, Fleet Management, Transport, Automotive, Logistics, Supply Chain Management, Goal, Carbon, COVID-19, Covenant Transport, Industry, House, Private sector, Legislation, STEER, Climate, Solution, Transport, Organization, DHL, Adoption, The, International Council, Inflation, Representative, CO2, Senate, International Council on Clean Transportation, Renewable energy, Hong Kong–Shenzhen Western Express Railway

The STEER Act can save trucking companies $24.8 billion dollars annually at today's fuel prices.

Key Points: 
  • The STEER Act can save trucking companies $24.8 billion dollars annually at today's fuel prices.
  • To learn more about the STEER Act, please visit the website https://www.steeract.org/ or access the full text here .
  • The STEER Coalition is open to new members that are looking to support the passage of the STEER Act.
  • Organizations interested in joining the STEER Act coalition can reach out to Bess Lauer at [email protected] or Max Bocheff at [email protected] for more information.

New app from Health in Transportation & NuraLogix allows drivers to perform CDL health checks that target hypertension and type-2 diabetes.

Retrieved on: 
Wednesday, June 8, 2022
NTT Data, Life, IPhone, Achievement, Natural science, Health status of Asian Americans, Journal, Covenant Transport, Blood pressure, Transdermal optical imaging, Patent, Public sector, Scientific Reports, BMI, TOI, BP, Publication, Android, OSA, Face, JNS, Obstructive sleep apnea, Ministry of Health & Wellness, Daimler, CDL, Frontiers, Industry, Population, Department, Wellness, Family, Smartphone, Department of transportation, Body mass index, Hypertension, Mobile phone, Taxicab, Cigna, Transport, Greyhound, Sanitas, Anura, Psychology, Health

This app, called the CDL Health Scanner, allows drivers to quickly scan key vitals using either an iPhone or Android device.

Key Points: 
  • This app, called the CDL Health Scanner, allows drivers to quickly scan key vitals using either an iPhone or Android device.
  • It would be impossible for Health in Transportation to offer this valuable tool to the transportation sector without the incredible breakthrough that the Anura technology represents.
  • Of course, the CDL Health Scanner app utilizes only a portion of the monitoring capability that NuraLogix is equipped to provide.
  • Known as 'The Trucker Trainer' by professional drivers nationwide, Bob Perry brings a very distinctive perspective to the transportation industry and its over-the-road drivers.

New app from Health in Transportation & NuraLogix allows drivers to perform CDL health checks that target hypertension and type-2 diabetes.

Retrieved on: 
Wednesday, June 8, 2022
NTT Data, Life, IPhone, Achievement, Natural science, Health status of Asian Americans, Journal, Covenant Transport, Blood pressure, Transdermal optical imaging, Patent, Public sector, Scientific Reports, BMI, TOI, BP, Publication, Android, OSA, Face, JNS, Obstructive sleep apnea, Ministry of Health & Wellness, Daimler, CDL, Frontiers, Industry, Population, Department, Wellness, Family, Smartphone, Department of transportation, Body mass index, Hypertension, Mobile phone, Taxicab, Cigna, Transport, Greyhound, Sanitas, Anura, Psychology, Health

This app, called the CDL Health Scanner, allows drivers to quickly scan key vitals using either an iPhone or Android device.

Key Points: 
  • This app, called the CDL Health Scanner, allows drivers to quickly scan key vitals using either an iPhone or Android device.
  • It would be impossible for Health in Transportation to offer this valuable tool to the transportation sector without the incredible breakthrough that the Anura technology represents.
  • Of course, the CDL Health Scanner app utilizes only a portion of the monitoring capability that NuraLogix is equipped to provide.
  • Known as 'The Trucker Trainer' by professional drivers nationwide, Bob Perry brings a very distinctive perspective to the transportation industry and its over-the-road drivers.

Greenscreens.AI Announces Investment Round Led by Tiger Global

Retrieved on: 
Tuesday, February 22, 2022
Trident, Tiger Global Management, Software as a service, Data, Growth, Efficiency, GreenScreen for Safer Chemicals, Intelligence, PALM, Industry, Cambridge capital controversy, Organization, General partnership, Transport, Machine learning, Armstrong, Automation, AI, CEO, Research, Covenant Transport, Renewable energy, Retail

WEST PALM BEACH, Fla., Feb. 22, 2022 /PRNewswire/ -- Greenscreens.AI, the premier dynamic pricing infrastructure for the logistics industry, today announced its first outside investment, led by Tiger Global.

Key Points: 
  • WEST PALM BEACH, Fla., Feb. 22, 2022 /PRNewswire/ -- Greenscreens.AI, the premier dynamic pricing infrastructure for the logistics industry, today announced its first outside investment, led by Tiger Global.
  • The financing was led by Tiger Global, with participation from Flyer One Ventures, Cambridge Capital, Navigate Ventures, Jones Capital, Red Door Capital, Overton Venture Capital, Operator Stack Fund, and REFASHIOND Ventures.
  • John Curtius, Partner at Tiger Global, said "Tiger Global seeks to back the best companies disrupting large markets, with strong signs of product-market fit plus significant growth potential, and Greenscreens.AI's momentum with customers and prospects speaks for itself."
  • With this new investment, Greenscreens.AI is accelerating and deepening its relationships with other large customers and partners globally.

Forward Named #1 Expedited Carrier By Transport Topics

Retrieved on: 
Monday, June 28, 2021
Trucking, Air, Transport, Logistics, Supply chain management, Freight transport, Drayage, Greeneville, Tennessee, Rail freight transport, Transport, Pacer International, Human activities, Service industries, Covenant Transport

Today, Forward was named top Air/Expedited Carrier by Transport Topics.

Key Points: 
  • Today, Forward was named top Air/Expedited Carrier by Transport Topics.
  • In addition to the number one ranking among air/expedited carriers, Forward was ranked 12th among intermodal drayage providers and 33rd overall on the Transport Topics Top 100 For-Hire Carriers list.
  • Forward Air Corporation (NASDAQ: FWRD) is a leading asset-light freight and logistics company.
  • Headquartered in Greeneville, Tennessee, Forward operates approximately 200 facilities across the country and employs more than 4,000 people nationwide.

Covenant Logistics Group, Inc. Announces Delay of Second Quarter Earnings Release and Conference Call

Retrieved on: 
Wednesday, July 22, 2020
Trucking industry in the United States, Covenant Transport

CHATTANOOGA, Tenn., July 22, 2020 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it will delay the release its second quarter earnings that was previously scheduled for after 4:00 p.m. Eastern time on Wednesday, July 22, 2020, as well as the live conference call to discuss its second quarter earnings release scheduled for Thursday, July 23, at 11:00 a.m. Eastern time.

Key Points: 
  • CHATTANOOGA, Tenn., July 22, 2020 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it will delay the release its second quarter earnings that was previously scheduled for after 4:00 p.m. Eastern time on Wednesday, July 22, 2020, as well as the live conference call to discuss its second quarter earnings release scheduled for Thursday, July 23, at 11:00 a.m. Eastern time.
  • Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States.
  • Primary services include asset-based expedited, dedicated, and irregular route truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability.
  • In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry.

Covenant Logistics Group Completes Asset Sale of Transport Financial Solutions Factoring Segment

Retrieved on: 
Wednesday, July 8, 2020
Working capital management, Corporate finance, Factoring, Fundamental analysis, Economy, Accounts receivable, Business, Corporations, Covenant Transport

CHATTANOOGA, Tenn., July 08, 2020 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (Covenant) today announced the sale of the transportation factoring assets of its Transport Financial Solutions (TFS) segment to Triumph Business Capital for approximately $132.2 million, including contingent consideration of approximately $9.9 million.

Key Points: 
  • CHATTANOOGA, Tenn., July 08, 2020 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (Covenant) today announced the sale of the transportation factoring assets of its Transport Financial Solutions (TFS) segment to Triumph Business Capital for approximately $132.2 million, including contingent consideration of approximately $9.9 million.
  • The transaction was structured as a sale of TFS factoring assets, consisting primarily of $103.3 million of net accounts receivable and related transportation factoring assets.
  • Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States.
  • In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry.

Covenant Transportation Group Announces First Quarter Financial and Operating Results

Retrieved on: 
Tuesday, May 19, 2020
Covenant Transport, Chattanooga, Tennessee, Tennessee, Cities in the United States

CHATTANOOGA, Tenn., May 19, 2020 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (CTG) announced today financial and operating results for the first quarter ended March 31, 2020.

Key Points: 
  • CHATTANOOGA, Tenn., May 19, 2020 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (CTG) announced today financial and operating results for the first quarter ended March 31, 2020.
  • This compares with operating income of $5.4 million and an operating ratio of 97.5% and adjusted operating income(1) of $6.2 million and an adjusted operating ratio(1) of 96.9% in the first quarter of 2019.
  • For the quarter, Managed Freights operating revenue decreased 4.0%, to $42.7 million from $44.5 million in the prior year quarter.
  • Operating income was $1.6 million for an operating ratio of 96.2%, compared with operating income of $2.7 million and an operating ratio of 94.0% in the first quarter of 2019.

Covenant Transportation Group, Inc. Announces Timing of First Quarter Earnings Release and Conference Call

Retrieved on: 
Monday, May 18, 2020
Covenant Transport, NASDAQ, Chattanooga, Tennessee, Economy of the United States, Cities in the United States, Finance

CHATTANOOGA, Tenn., May 18, 2020 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (Nasdaq/GS: CVTI) announced it plans to release its first quarter earnings after 4:00 p.m. Eastern time on Tuesday, May 19, 2020.

Key Points: 
  • CHATTANOOGA, Tenn., May 18, 2020 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (Nasdaq/GS: CVTI) announced it plans to release its first quarter earnings after 4:00 p.m. Eastern time on Tuesday, May 19, 2020.
  • Covenant Transportation Group, Inc. will hold a live conference call to discuss its first quarter earnings release on Wednesday, May 20, 2020 at 11:00 a.m. Eastern time.
  • An audio replay will be available for one week following the call at 877-919-4059, access code 90929390.
  • For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenanttransport.com/investors under the tab Earnings Info.

Covenant Transportation Group Announces Texarkana Terminal Closure And Provides Liquidity Update

Retrieved on: 
Monday, April 20, 2020
Twin cities, Regions of the United States, Covenant Transport, Southern United States, States of the Confederate States, States of the United States, United States, Country subdivisions, State of Franklin, Chattanooga, Tennessee, Tennessee, Texarkana, Arkansas

CHATTANOOGA, Tenn., April 20, 2020 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (CTG) today announced its plans for closing its Texarkana, Arkansas terminal and an update on liquidity as of March 31, 2020.

Key Points: 
  • CHATTANOOGA, Tenn., April 20, 2020 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (CTG) today announced its plans for closing its Texarkana, Arkansas terminal and an update on liquidity as of March 31, 2020.
  • The terminal closure is expected to result in a permanent workforce reduction of approximately 150 support staff teammates, who will be provided severance and healthcare insurance support.
  • Covenant Transportation Group, Inc. is the holding company for several 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 of Texarkana, Arkansas; Landair Transport and Landair Logistics of Greeneville, Tennessee; and Star Transportation of Nashville, Tennessee.