Covenant Transportation (CVTI -21%) plunges after projecting a surprise Q3 loss. The trucking...

|About: Covenant Transportation ... (CVTI)|By:, SA News Editor

Covenant Transportation (CVTI -21%) plunges after projecting a surprise Q3 loss. The trucking company says a 9-10% decrease in revenue miles/truck as costs for wages, fuel, and insurance rise is tagging the bottom line, and expects a loss of $500K-$1.7M vs. expectations for a $2.3M profit. (PR)