Brief: Covenant Transportation Group Announces Texarkana Terminal Closure And Provides Liquidity Update

Covenant Logistics

20/04/2020 14:20

April 20 (Reuters) - Covenant Transportation Group Inc
 CVTI.O :
    * COVENANT TRANSPORTATION GROUP ANNOUNCES TEXARKANA TERMINAL
CLOSURE AND PROVIDES LIQUIDITY UPDATE
    * COVENANT TRANSPORTATION - BEGINNING MAY 1, 2020, CTG PLANS
TO
WIND DOWN OPERATIONS AT TEXARKANA, ARKANSAS TERMINAL
    * COVENANT TRANSPORTATION - TERMINAL CLOSURE IS EXPECTED TO
RESULT
IN A PERMANENT WORKFORCE REDUCTION OF APPROXIMATELY 150 SUPPORT
STAFF TEAMMATES
    * COVENANT TRANSPORTATION - "HAVE A STRONG BALANCE SHEET AND
AMPLE
LIQUIDITY"

Source text for Eikon:  ID:nGNX8hwqDZ 
Further company coverage:  CVTI.O 

 ((Reuters.Briefs@thomsonreuters.com;))