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Covenant Transportation Group Inc  (CVTI)
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Covenant Transportation Group Inc's

Competitiveness


 

CVTI Sales vs. its Competitors Q1 2020



Comparing the results to its competitors, Covenant Transportation Group Inc reported Total Revenue decrease in the 1 quarter 2020 year on year by -2.57 %, faster than overall decrease of Covenant Transportation Group Inc's competitors by -0.91 %, recorded in the same quarter.

List of CVTI Competitors





Revenue Growth Comparisons




Net Income Comparison


Covenant Transportation Group Inc recorded net loss and most of company's competitors saw decline in earnings by -22.88 %

<<  More on CVTI Income Comparisons


Covenant Transportation Group Inc's Comment on Competitors and Industry Peers


Truckload is the largest segment of the for-hire ground freight transportation market based on revenue, surpassing the combined market size of less-than-truckload, railroad, intermodal, and parcel delivery combined. The truckload market is further segmented into sectors such as regional dry van, temperature-controlled van, flatbed, dedicated contract, expedited, and irregular route.

The U.S. trucking industry is highly competitive and includes thousands of "for-hire" motor carriers, none of which dominate the market. Service and price are the principal means of competition in the trucking industry. We compete to some extent with railroads and rail-truck intermodal service but attempt to differentiate ourselves from our competition on the basis of service. Rail and rail-truck intermodal movements are more often subject to delays and disruptions arising from rail yard congestion, which reduce the effectiveness of such service to customers with time-definite pick-up and delivery schedules. In times of high fuel prices or decreased consumer demand, however, rail-intermodal competition becomes more significant.





  

Total Segment Market Share Q1 2020

despite revenue deterioration, Covenant Transportation Group Inc inceased its market share in this segment.

company inceased its market share in this segment to approximate 2.19 %.



<<  More on CVTI Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


CVTI's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Covenant Transportation Group Inc CVTI 241 889 2 4,400
Arcbest Corporation ARCB 673 2,978 37 13,238
Celadon Group Inc CGI 88 681 23 6,415
C h Robinson Worldwide Inc CHRW 11,294 15,363 493 11,521
Con-way Inc. CNW 0 5,473 99 30,100
Echo Global Logistics inc ECHO 594 2,198 8 2,350
Heartland Express Inc HTLD 1,756 624 69 4,500
Hub Group Inc HUBG 1,650 3,574 97 2,568
Janel Corp JANL 7 80 -2 101
Hunt J B Transport Services Inc JBHT 12,913 9,356 502 20,158
Dthera Sciences KNMX 0 0 -3 0
Knight swift Transportation Holdings Inc KNX 6,971 4,764 288 5,485
Marten Transport Ltd MRTN 1,389 863 61 3,240
Old Dominion Freight Line Inc ODFL 13,544 4,109 616 16,443
Pam Transportation Services Inc PTSI 193 515 -2 2,911
Radiant Logistics Inc RLGT 229 784 11 758
Roadrunner Transportation Systems Inc RRTS 83 1,848 -341 4,645
Saia Inc SAIA 3,080 1,823 120 8,900
Schneider National Inc SNDR 4,125 4,672 154 19,600
Swift Transportation Co SWFT 4,231 4,118 155 21,274
Usa Truck inc USAK 68 523 -5 2,800
Werner Enterprises Inc WERN 2,940 2,460 154 188
Yrc Worldwide Inc YRCW 74 4,839 -51 33,000
SUBTOTAL 66,142 72,534 2,486 214,595


       
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