Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 
Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
Sun Pharma to Acquire Organon in $11.75 Billion Deal to Boost Global Women’s Health Portfolio 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
Google Secures Pentagon AI Deal for Classified Projects 
U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek 
Toyota Global Vehicle Sales Decline in March Amid RAV4 Transition and Middle East Slowdown 
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case 
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal 
Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results 
CHATTANOOGA, Tenn., Feb. 18, 2016 -- Covenant Transportation Group, Inc. (“CTG”) (NASDAQ:CVTI) today announced the appointment of Joey B. Hogan as President of CTG. Mr. Hogan previously served as Senior Executive Vice President of CTG and President of CTG’s Covenant Transport subsidiary. David R. Parker continues to serve as Chairman of the Board and Chief Executive Officer of CTG.
David R. Parker commented; “Joey has provided significant strategic, financial and operational leadership in his various roles in the organization for over 18 years. This included leadership of the planning and execution of business model changes across the organization that have developed into meaningful profit improvement since 2011 when we completed our first strategic plan. Joey’s focus areas will include, among other things, strategic planning and execution, talent management, safety initiatives, enterprise-wide operational efficiency, and culture management. Sam Hough, Executive Vice President and Chief Operating Officer of Covenant Transport, will assume the primary day-to-day leadership role of the Covenant Transport subsidiary that focuses on the team expedited freight market. I continue to be excited about the further development of CTG and each of our operating units in the hands of our capable leaders.”
Covenant Transportation Group, Inc. is the holding company for several transportation providers that offer premium transportation services for customers throughout the United States. The consolidated group includes operations from Covenant Transport and Covenant Transport Solutions of Chattanooga, Tennessee; Southern Refrigerated Transport of Texarkana, Arkansas; and Star Transportation of Nashville, Tennessee. In addition, Transport Enterprise Leasing, of Chattanooga, Tennessee is an integral affiliated company providing revenue equipment sales and leasing services to the trucking industry. The Company's Class A common stock is traded on the NASDAQ Global Select under the symbol, “CVTI”.
For further information contact: Richard B. Cribbs, Senior Vice President and Chief Financial Officer (423) 463-3331 [email protected] For copies of Company information contact: Kim Perry, Administrative Assistant (423) 463-3357 [email protected]
