Covenant Transport

Covenant Transport, Inc. is a truckload carrier headquartered in Chattanooga, Tennessee and is the expedited specialist of publicly traded parent company Covenant Logistics Group (NASDAQ: CVLG) and doing business as Covenant Transport Services.[1] The company provides temperature controlled trucking, regional delivery, and longhaul team driver delivery.[2]

Covenant Logistics Group, Inc.
TypePublic company
NASDAQ: CVLG
Russell 2000 Component
IndustryTransportation
FoundedChattanooga, Tennessee (1986)
FounderDavid Parker
HeadquartersChattanooga, Tennessee
Area served
United States and Canada
Websitectgcompanies.com

Covenant began operations on January 2, 1986,[3] by founders David and Jacqueline Parker, with 25 trucks and 50 trailers. The company now jointly operates over 3,000 trucks and 7,000 trailers with sister companies Southern Refrigerated Transport, Inc. (Texarkana, Arkansas), Star Transportation Inc. (La Vergne, Tennessee) and Landair Transportation, Inc. (Greeneville, Tennessee). The four companies have shared terminals in Chattanooga, Hutchins, Texas, Pomona, California, Texarkana, Arkansas, La Vergne, Allentown, Pennsylvania, Orlando, Florida, and Greenville.

In addition to the four asset-based companies, CTG owns a freight brokerage company, Covenant Transport Solutions, and an accounts receivable factoring company for smaller trucking companies, Transport Financial Solutions, both based in Chattanooga. CTG has a 49% stake in Transport Enterprise Leasing, a tractor and trailer leasing company that caters to smaller fleets and captive owner-operator programs, in addition to used tractor and trailer sales.

References

  1. "Covenant Logistics Group - Investors". Covenant transport web site.
  2. "Services". Covenant Transport. Retrieved 2007-11-13.
  3. "Covenant Transport - History". Covenant transport web site.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.