Covenant Transportation Group Delivers Revenue Growth
ATLANTA, September 28, 2015
Covenant Transportation Group (CTG), a Chattanooga-based carrier, is delivering profitability and improved asset utilization with Manhattan Associates, Inc.’s (NASDAQ: MANH) Profit Analyzer solution, part of its Carrier Management Suite.
Like many companies during the recent economic downturn, CTG recognized the need to strategically reduce costs and improve margins, and approached the problem by developing deep, actionable insight into its cost structure. CTG selected Manhattan’s Profit Analyzer solution to effectively gather, analyze and share information that management could use to make strategic, fact-based decisions.
“CTG prides itself on our superior freight delivery service across North America,” said Edward Kern, vice president, pricing and network strategy, CTG. “Having complete visibility into operations is critical to effectively service customers across this vast region in a profitable way. Following implementation of Manhattan Associates’ Profit Analyzer, our team now has a complete understanding of and confidence in the data originating across our fleet, which has helped us significantly improve overall profitability.”
CTG deployed Profit Analyzer across its Covenant Transport and Southern Refrigerated subsidiaries. They chose this solution over others for its ability to accurately and easily measure and reconcile profitability, all the way back to CTG’s P&L Statement, and it has proven instrumental in informing company decisions and strategy. Since implementation, the company has benefited from an increased visibility into operations, enabling it to improve revenue per mile percentages, increase percent of on-time pickups and boost overall utilization and profitability.
“Maximizing utilization and increasing profitability is critical for any successful business, no matter the industry,” said Mike Glasgow, account executive, Carrier Management, Manhattan Associates. “Our team has worked closely with CTG to maximize profitability and increase equipment utilization. We’re proud to partner with upstanding companies like CTG, and we remain dedicated to helping them improve business processes, customer service and, ultimately, its bottom line.”
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. The Company's Class A common stock is traded on the NASDAQ Global Select under the symbol CVTI.
Manhattan Associates makes commerce-ready supply chains that bring all points of commerce together so you’re ready to sell and ready to execute. Across the store, through your network or from your fulfillment center, we design, build and deliver market-leading solutions that support both top-line growth and bottom-line profitability. By converging front-end sales with back-end supply chain execution, our software, platform technology and unmatched experience help our customers get commerce ready—and ready to reap the rewards of the omnichannel marketplace.