Covenant Transport OKs Stock Program

Covenant Transport, Inc. announced today that its board of directors has authorized the company to repurchase up to one million shares of its Class A common stock, subject to criteria established by the board.

The stock may be repurchased on the open market or in privately negotiated transactions at any time until March 31, 2005. Until then, the board may elect to extend the repurchase program. The board believes the company’s stock is an appropriate investment in light of prevailing market prices.