Covenant Transportation Group, Inc. provided earnings guidance for the fourth quarter of 2013. For the fourth quarter of 2013, the company expects to report consolidated net income in a range of $0.18 to $0.22 per diluted share. These expected results compare to reported consolidated net income of $0.10 per diluted share for the fourth quarter of 2012.

The expected improvement in earnings per diluted share relates primarily to higher freight revenue per tractor (excluding fuel surcharge revenue) in the company's asset-based business, significant improvement in revenue and margins in the company's non-asset based Covenant Transport Solutions business, and lower costs of fuel (net of fuel surcharge recovery).