Note 3 - Segment Information

3 Months Ended

Mar. 31, 2012

Segment Reporting Disclosure [Text Block]

Note 3.              Segment Information

We have two reportable segments: Asset-Based Truckload Services ("Truckload") and Covenant Transport Solutions, Inc. ("Solutions").

The Truckload segment consists of three asset-based operating fleets that are aggregated because they have similar economic characteristics and meet the aggregation criteria.  The three operating fleets that comprise our Truckload segment are as follows: (i) Covenant Transport, Inc. ("Covenant Transport"), our historical flagship operation, which provides expedited long-haul, dedicated, and regional solo-driver service; (ii) Southern Refrigerated Transportation, Inc. ("SRT"), which provides primarily long-haul and regional temperature-controlled service; and (iii) Star Transportation, Inc. ("Star"), which provides regional solo-driver service.

The Solutions segment provides: (i) freight brokerage services directly and through freight brokerage agents who are paid a commission for the freight they provide; (ii) less-than-truckload consolidation services; and (iii) accounts receivable factoring.

"Unallocated Corporate Overhead" includes expenses that are incidental to our activities and are not specifically allocated to one of the segments.

The following tables summarize our segment information:

(in thousands)	Three months ended March 31,
	2012			2011
Total Revenues:
Asset-Based Truckload Services	$	152,377		$	149,885
Solutions		4,654			6,506
Total	$	157,031		$	156,391
Operating Income
Asset-Based Truckload Services	$	6,195		$	3,151
Solutions		1			578
Unallocated Corporate Overhead		(3,839	)		(3,428	)
Total	$	2,357		$	301