8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________________________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

September 19, 2007

___________________________________________________________________

COVENANT TRANSPORTATION GROUP, INC.

(Exact name of registrant as specified in its charter)

Nevada	000-24960	88-0320154
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer   Identification No.)

400 Birmingham Hwy., Chattanooga, TN	37419
(Address of principal executive offices)	(Zip Code)

(423) 821-1212

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01	Regulation FD Disclosure.
	On Wednesday, September 19, 2007, Covenant Transportation Group, Inc., a Nevada corporation (the "Company"), presented at the A.G. Edwards' 2nd Annual Emerging Growth Conference in New York City.  A copy of slide presentation is attached to this report as Exhibit 99.
Item 9.01	Financial Statements and Exhibits.
	(d)	Exhibits.
	EXHIBIT NUMBER	EXHIBIT DESCRIPTION
	99	Covenant Transportation Group, Inc. slide presentation from the A.G. Edwards' 2nd Annual Emerging Growth Conference in New York City
The information contained in this report (including Items 7.01 and 9.01) and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information in the exhibit hereto may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that constitute forward-looking statements are usually identified by words such as "anticipates," "believes," "estimates," "projects," "expects," "plans," "intends," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those in forward-looking statements: elevated experience in the frequency and severity of claims relating to accident, cargo, workers' compensation, health, and other claims, increased insurance premiums, fluctuations in claims expenses that result from high self-insured retention amounts and differences between estimates used in establishing and adjusting claims reserves and actual results over time, adverse changes in claims experience and loss development factors, or additional changes in management's estimates of liability based upon such experience and development factors that causes our expectations of insurance and claims expense to be inaccurate or otherwise impacts our results; changes in the market condition for used revenue equipment and terminal facilities that impact our capital expenditures and our ability to dispose of revenue equipment and terminals on the schedule and for the prices we expect; increases in the prices paid for new revenue equipment and changes in the resale value of our used equipment that impact our capital expenditures or our results generally; our ability to renew Dedicated service offering contracts on the terms and schedule we expect; our ability to successfully integrate Star Transportation into our consolidated group; our ability to successfully manage the downsizing of a portion of our operations at Covenant Transport; our ability to improve the performance of our Regional service offering and to cause the performance of SRT and Star to return to historical levels; our ability to integrate the former operations of our Covenant Refrigerated service offering into our SRT and Expedited Long-Haul operations; our success in restructuring the company's operations around the identified service offerings; excess tractor or trailer capacity in the trucking industry; decreased demand for our services or loss of one or more of our major customers; surplus inventories; recessionary economic cycles and downturns in customers' business cycles; strikes, work slow downs, or work stoppages at the Company, customers, ports, or other shipping related facilities; increases or rapid fluctuations in fuel prices, as well as fluctuations in hedging activities and surcharge collection; the volume and terms of diesel purchase commitments; interest rates, fuel taxes, tolls, and license and registration fees; increases in compensation for and difficulty in attracting and retaining qualified drivers and independent contractors; seasonal factors such as harsh weather conditions that increase operating costs; competition from trucking, rail, and intermodal competitors; regulatory requirements that increase costs or decrease efficiency, including revised hours-of-service requirements for drivers; the ability to successfully execute the Company's initiative of improving the profitability of single- driver freight movements; the ability to control increases in operating costs; and the ability to identify acceptable acquisition candidates, consummate acquisitions, and integrate acquired operations. Readers should review and consider these factors along with the various disclosures by the Company in its press releases, stockholder reports, and filings with the Securities Exchange Commission. We disclaim any obligation to update or revise any forward-looking statements to reflect actual results or changes in the factors affecting the forward-looking information.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		COVENANT TRANSPORTATION GROUP, INC.
Date: September 24, 2007	By:	/s/ Joey B. Hogan
		Joey B. Hogan Senior Executive Vice President and Chief Operating Officer

EXHIBIT INDEX

EXHIBIT NUMBER	EXHIBIT DESCRIPTION
99	Covenant Transportation Group, Inc. slide presentation from the A.G. Edwards' 2nd Annual Emerging Growth Conference in New York City

EX-99

AG Edwards

Growth Conference

September 2007

Corporate Summary

•Founded in 1985 with 25 tractors and 50 trailers

•Group of transportation providers providing premium
    transportation services

•Group operates about 3,675 tractors and 9,000 trailers

•8 full service terminals, 29 drop yards

Investment Summary

•Consumed with providing exceptional service to our
    customers

•Constraining size of tractor fleet to maximize profitability

•Plan to resume fleet growth after return to low-90’s
    operating ratio

•Significant operating leverage

(1)   Excludes $15.4 million asset impairment charge in 2001, $3.3 million asset impairment charge and a $1.4 million loss on  early

        extinguishment of debt in 2002, and a $19.5 million insurance charge and a $.4 million IRS interest charge in 2004.

(1)

(1)

(1)

(e)

$-

$100

$200

$300

$400

$500

$600

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

$(1)

$4

$9

$14

$19

$24

$29

$34

$39

Revenue

Net Income

Inconsistent Profits Continue to Drive Change

Expedited

Regional

Brokerage

2006

2007

34%         36%

  9%           -%

  4%          14%

  1%           3%

Dedicated

17%       15%

OTR/Regional

19%         12%

Temperature Control

Temperature Control

 16%         20%

79%

63%

Trucks

1,060

675

570

0

2,305

760

610

0

3,675

Covenant Transportation Group

26%

15%

20%

36%

Expedited

Regional

Temperature Control

Dedicated

Brokerage

3%

% of Total Revenue

Covenant Transportation Group
Targeted Premium Markets

•   Negatives

●     Rate increases are difficult to attain

●   Utilization and deadhead improvements are slow

●   Fuel surcharge recovery continues to lag versus a year ago

2007 Update

•Positives

●Revenue per truck for the Covenant division continues to improve

●Non driver headcount continues to decline

●Cost reduction initiatives are building momentum

●Solutions subsidiary growing profitably

●Trucks are fully manned for the Covenant and Star subsidiaries

●Assets held for sale continue to decline

●Completed credit facility amendment with minimal annual cost impact

The Future

●Continue to Develop Our Biggest Asset: People

●Training

●Improved Communication

●Find & Develop Next Generation of Leaders  

●Restore Consistent Profitability

●Improve Revenue Per Truck

●Selective Rate Increases

●Add Diversity to Present Customer Portfolio

●Fill in Lane Gaps to Improve Density

●Maximize assets that are producing acceptable margins

●Lower Costs!

AG Edwards

Growth Conference

September 2007