Covenant Transportation Reports Q4 EPS of $.05 vs. $.06

Covenant Transportation Group, Inc.  CVTI announced today financial and operating results for the fourth quarter and year ended December 31, 2010. Highlights for the fourth quarter included the following:

• Freight revenue of $136.6 million, an increase of 0.6% compared with the fourth quarter of 2009;
• Operating income of $6.0 million and an operating ratio of 95.6%, compared with an operating loss of $0.8 million and an operating ratio of 100.6% in the fourth quarter of 2009;
• Net income of $0.7 million, or $0.05 per share, compared with a net loss of $2.7 million, or ($0.19) per share in the fourth quarter of 2009.