| Business Summary | | Covenant
Transport,
Inc.
is
a
truckload
carrier
that
offers
just-in-time
and
other
transportation
service
for
customers
throughout
the
United
States.
As
of
December
31,
2000,
the
Company's
fleet
included
3,829
tractors
and
7,571
trailers.
The
Company's
subsidiaries
include
Covenant
Transport,
Inc.,
Covenant
Asset
Management,
Inc.,
CIP,
Inc.,
Covenant.com,
Inc.,
Southern
Refrigerated
Transport,
Inc.,
Tony
Smith
Trucking,
Inc.,
Harold
Ives
Trucking
Co.,
CVTI
Receivables
Corp.
and
Terminal
Truck
Broker,
Inc.
Covenant's
primary
customers
include
manufacturers,
retailers
and
other
transportation
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Covenant
Transport,
Inc.
is
a
truckload
carrier
that
offers
just-in-time
and
other
premium
transportation
service
for
customers
throughout
the
United
States.
For
the
three
months
ended
3/31/01,
revenues
increased
4%
to
$131.3
million.
Net
income
decreased
89%
to
$229
thousand.
Revenues
reflect
an
increase
in
the
number
of
tractors
in
service
and
the
acquisition
of
CTS.
Earnings
were
offset
by
a
driver
wage
increase
and
increased
fuel
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
141,683;
after
tax
earnings
were
554. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Parker, 43 Chairman,
Pres and CEO | $515K | Joey Hogan, 39 CFO,
Treasurer | 167K | Michael Miller, 43 COO,
Exec. VP, Director | 269K | Ronald Pope, 56 Sr.
VP of Sales and Marketing | 145K | R. Lovin, Jr., 49 VP-Admin.,
Sec. | 127K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|