1. Covenant Transportation Group ( CVTI) provides Asset-Based Truckload (Truckload) and Brokerage Services, or Covenant Transport Solutions (Solutions). The company serves truckload customers such as manufacturers and retailers, and transportation companies. Covenant recently reported its fourth quarter and full-year 2010 financial results. Net income came in at $0.7 million, or 5 cents per share, from a net loss of $2.7 million, or 19 cents per share, in the same quarter a year ago. Revenue for the quarter soared 3.9% to $163.9 million. For 2010, Covenant reported net income of $3.3 million, compared to a net loss of $25 million in 2009, while revenue escalated 10.4%. Analysts polled by Bloomberg foresee 2011 net income surging to $7.35 million. A transportation analyst in his 2011 freight outlook believes that investors will find greater resiliency in transport companies that lease vehicles for businesses that ship goods, demonstrating cost flexibility. A BB&T Capital Markets analyst favors asset-based companies, as they not only benefit from rate increases but also higher volumes. Seventy-five percent of analysts covering the stock rate it a buy, while the remaining recommend a hold. There are no sell ratings on the stock. Data from Bloomberg has analysts forecasting a gain of 35.1% from current levels to $12 over the next 12 months. >To see these stocks in action, visit the 10 Transport Stocks With Upside portfolio on Stockpickr.