Covenant Transportation Group, Inc. - (CVTI) News
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Latest CVTI News From Around the Web
Below are the latest news stories about Covenant Transportation Group Inc that investors may wish to consider to help them evaluate CVTI as an investment opportunity.
Covenant Transportation Group, Inc. (CVTI): Hedge Funds In Wait-and-See ModeBefore we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […] |
Near-Term Trucking Outlook Marred by Coronavirus-Led Freight WoesNear-Term Trucking Outlook Marred by Coronavirus-Led Freight Woes |
'Worst' Market In 47 years As Restructuring At Covenant ContinuesCovenant Transportation Group (NASDAQ: CVTI ) sees progress on its strategic plan, which is centered on replacing poorly performing freight, shuttering terminals and trimming its asset-based fleet. The Chattanooga, Tennessee-based truckload (TL) carrier reported a first quarter adjusted net loss of $1.7 million, $0.09 per share, a penny ahead of the consensus estimate. Part of Covenant's organizational refocus is to better allocate capital to higher margin offerings like contract logistics and expedited. In alignment with these efforts, the company plans to reduce its 3,000-unit tractor fleet by 12% to 14% by year-end to improve equipment utilization. A good portion of asset disposals took place in April. The company has also lowered expenses throughout the organization through layoffs,... |
'Worst' Market In 47 years As Restructuring At Covenant ContinuesCovenant Transportation Group (NASDAQ: CVTI) sees progress on its strategic plan, which is centered on replacing poorly performing freight, shuttering terminals and trimming its asset-based fleet. The Chattanooga, Tennessee-based truckload (TL) carrier reported a first quarter adjusted net loss of $1.7 million, $0.09 per share, a penny ahead of the consensus estimate.Part of Covenant's organizational refocus is to better allocate capital to higher margin offerings like contract logistics and expedited. In alignment with these efforts, the company plans to reduce its 3,000-unit tractor fleet by 12% to 14% by year-end to improve equipment utilization.A good portion of asset disposals took place in April. The company has also lowered expenses throughout the organization through layoff... |
Covenant Transportation Group, Inc. to Host Earnings CallNEW YORK, NY / ACCESSWIRE / May 20, 2020 / Covenant Transportation Group, Inc. (NASDAQ:CVTI) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 20, 2020 ... |
Covenant Transportation (CVTI) Reports Q1 Loss, Tops Revenue EstimatesCovenant Transportation (CVTI) delivered earnings and revenue surprises of 10.00% and 10.48%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock? |
Covenant Transportation Group Announces First Quarter Financial and Operating ResultsCHATTANOOGA, Tenn., May 19, 2020 -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (“CTG”) announced today financial and operating results for the first quarter ended. |
Covenant Transportation Group, Inc. Announces Timing of First Quarter Earnings Release and Conference CallCHATTANOOGA, Tenn., May 18, 2020 -- Covenant Transportation Group, Inc. (Nasdaq/GS: CVTI) announced it plans to release its first quarter earnings after 4:00 p.m. Eastern time. |
Covenant Transportation Group Realigns Executive Team to Accelerate Execution of Strategic PlanJohn A. Tweed has been named Co-President and Chief Operating Officer, with responsibility for enterprise-wide operations, sales, and safety functions, as well as the expansion of our contract logistics business and improvements in our operating efficiency. Joey B. Hogan has been named Co-President and Chief Administrative Officer, with responsibility for all enterprise-wide administrative functions, including strategic planning, finance, human resources, and information technology, as well as equipment and maintenance. |
Why Covenant Transportation Group (CVTI) Might Surprise This Earnings SeasonCovenant Transportation Group (CVTI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season. |