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    </div>
    <div>&#160;</div>
    <div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">UNITED
STATES</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
D.C. 20549</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_____________________________________________________________________</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">FORM
8-K</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of
Report (Date of earliest event reported):</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">August
28, 2008</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_____________________________________________________________________</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><img src="ctglogo.jpg" alt="Covenant Transportation Group, Inc. Logo"></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">COVENANT
TRANSPORTATION GROUP, INC.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
name of registrant as specified in its charter)</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="bottom" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Nevada</font></div>
              </td>
              <td valign="bottom" width="18%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">000-24960</font></div>
              </td>
              <td valign="bottom" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">88-0320154</font></div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
      or other jurisdiction</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">of
      incorporation)</font></div>
              </td>
              <td valign="bottom" width="18%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Commission</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">File
      Number)</font></div>
              </td>
              <td valign="bottom" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(IRS
      Employer</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Identification
      No.)</font></div>
              </td>
            </tr>
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      </div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="bottom" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">400
      Birmingham Hwy., Chattanooga, TN</font></div>
              </td>
              <td valign="bottom" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">37419</font></div>
              </td>
            </tr>
            <tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
      of principal executive offices)</font></div>
              </td>
              <td valign="bottom" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
      Code)</font></div>
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      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(423)
821-1212</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant's
telephone number, including area code)</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div align="left">
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              </td>
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      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="77%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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            <tr>
              <td valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">[&#160;&#160;&#160;]</font></div>
              </td>
              <td align="left" valign="top" width="77%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.8pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font></div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="77%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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            <tr>
              <td valign="bottom" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">[&#160;&#160;&#160;]</font></div>
              </td>
              <td align="left" valign="top" width="77%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.8pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font></div>
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          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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            <hr style="COLOR: black" noshade size="2">
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</font></div>
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      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td align="left" valign="top" width="8%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Item
      1.01</font></div>
              </td>
              <td align="left" valign="top" width="92%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Entry
      into a Material Definitive Agreement.</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="8%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="92%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="8%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="92%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amendment
      No. 3 and Limited Waiver to Second Amended and Restated Credit
      Agreement</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">On
      August 28, 2008, Covenant Transportation Group, Inc., a Nevada corporation
      (formerly known as Covenant Transport, Inc. and hereinafter referred to as
      the "Company"), and Covenant Asset Management, Inc., a Nevada corporation
      (the "Borrower"), together with certain other subsidiaries of the Company,
      entered into that certain Amendment No. 3 and Limited Waiver to Second
      Amended and Restated Credit Agreement ("Amendment No. 3") with Bank of
      America, N.A., as administrative agent (the "Agent") and SunTrust Bank,
      National City Bank, Branch Banking and Trust Company, First Tennessee Bank
      National Association, LaSalle Bank National Association, Regions Bank, FSG
      Bank, N.A., and Sovereign Bank (collectively, with the Agent, the
      "Lenders"), which amends that certain Second Amended and Restated Credit
      Agreement, dated December 21, 2006, by and among the Company, the
      Borrower, and the Lenders, as amended (the "Credit
      Agreement").</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amendment
      No. 3, among other things, (i) amends certain defined terms in the Credit
      Agreement, (ii)&#160;imposes an additional negative covenant that requires
      the Borrower to maintain a minimum of $5,000,000 of availability under the
      Credit Agreement, and (iii) waives, for the period commencing June 30,
      2008 and ending October 31, 2008, any default or event of default that may
      have otherwise occurred as a result of any failure by the Company's
      consolidated group of companies to comply with the consolidated leverage
      ratio covenant test contained in Section 7.01(b) of the Credit
      Agreement.&#160;&#160;After giving effect to Amendment No. 3, borrowings
      under the Credit Agreement are subject to a borrowing base limit of the
      lesser of (i) the difference of (a) the sum of (1)&#160;85% of the net
      orderly liquidation value of any eligible revenue equipment as determined
      under an appraisal prepared by Taylor &amp; Martin, Inc. (the "Taylor
      &amp; Martin Appraisal"), plus (2) 70% of the net book value of any
      eligible revenue equipment that is not valued in the Taylor &amp; Martin
      Appraisal, plus (3)&#160;the balance in the cash collateral account, less
      (b) the sum of specified types of unsecured indebtedness, and (ii) the sum
      of (a) $20,000,000, plus (b) the balance in the cash collateral account up
      to the outstanding amount of letter of credit obligations.</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">The
      obligations of the Borrower under the Credit Agreement continue to be
      guaranteed by the Company and all of the Company's wholly-owned domestic
      subsidiaries, except CVTI Receivables Corp., a Nevada corporation
      ("Receivables") (collectively, the "Guarantors"), and are secured by a
      pledge of certain of the Guarantors' assets, excluding certain revenue
      equipment of the Guarantors serving as collateral under the Company's line
      of credit from Daimler Truck Financial.</font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">The
      foregoing summary of the terms and conditions of Amendment No. 3 does not
      purport to be complete and is qualified in its entirety by reference to
      the full text of Amendment No. 3, which will be filed with the Company's
      Form 10-Q for the quarter ending September 30, 2008.</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amendment
      No. 15 to Loan Agreement Relating to Accounts Receivable
      Securitization</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">On
      August 29, 2008, the Company and Receivables entered into that certain
      Amendment No. 15 ("Amendment No. 15") to that certain Loan Agreement dated
      as of December 12, 2000 by and among Three Pillars Funding LLC ("Three
      Pillars") and SunTrust Robinson Humphrey, Inc. ("SunTrust") (the "Loan
      Agreement").&#160;&#160;Amendment No. 15, among other things, (i) amends
      certain defined terms in the Loan Agreement, (ii) amends certain lenders'
      rights to demand compensation in the event of specific regulatory changes
      having certain financial effects on such lenders, (iii) amends the
      conditions precedent to the issuance of subsequent loans under the Loan
      Agreement to include SunTrust's receipt of an annual independent
      accountants' report, (iv) sets forth additional reporting requirements for
      the Company, including the Company's issuance of weekly reports relating
      to the Company's borrowing base beginning on September 22, 2008 and ending
      October 21, 2008, and daily reports relating to the Company's borrowing
      base beginning on October 21, 2008, as well as a listing of the Company's
      receivables and an aging of such receivables as requested by SunTrust or
      Three Pillars, (v) amends the events of default to include the following
      as events of default: (a) the bankruptcy of the Company, (b) the existence
      and continuance of a borrowing base deficit for a certain period of time,
      (c) the rendering of a material monetary judgment against Receivables or
      the Company, and (d) a change of control of the Company, (vi) deletes from
      the list of specified amortization events, the existence or continuance of
      a borrowing base deficit, and (vii) amends the terms of confidentiality to
      allow the parties to the Loan Agreement to make certain necessary
      disclosures.</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Extension
      and Expansion of Limited Waiver to Loan Agreement Relating to Accounts
      Receivable Securitization</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">On
      August 29, 2008, the Company and Receivables entered into that certain
      Extension and Expansion of Limited Waiver to Loan Agreement (the
      "Securitization Facility Waiver Extension") with Three Pillars and
      SunTrust.&#160;&#160;The Securitization Facility Waiver Extension extends
      the expiration of the original waiver period from August 29, 2008 until
      October 31, 2008.&#160;&#160;The Securitization Facility Waiver Extension
      also serves to waive a default under the Loan Agreement<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>resulting from the
      Company's opening of an additional bank account without providing proper
      notice pursuant to the Loan Agreement.</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 4.45pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">The
      foregoing summary of the terms and conditions of Amendment No. 15 and the
      Securitization Facility Waiver Extension does not purport to be complete
      and is qualified in its entirety by reference to the full text of
      Amendment No. 15 and the Securitization Facility Waiver Extension, which
      will be filed with the Company's Form 10-Q for the quarter ending
      September 30, 2008.</font></div>
              </td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURE</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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        <table cellpadding="0" cellspacing="0" width="100%">
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              <td align="left" colspan="2" valign="top" width="44%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 1.8pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">COVENANT
      TRANSPORTATION GROUP, INC.</font></div>
              </td>
            </tr>
            <tr>
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      </font></td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.8pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date:
      September 4, 2008</font></div>
              </td>
              <td align="left" valign="top" width="3%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.8pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
              </td>
              <td align="left" valign="top" width="41%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.8pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
      Richard B. Cribbs</font></div>
              </td>
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      </font></td>
              <td align="left" valign="top" width="41%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.8pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Richard
      B. Cribbs</font></div>
              </td>
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      </font></td>
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      </font></td>
              <td align="left" valign="top" width="41%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.8pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Senior
      Vice President and Chief Financial
Officer</font></div>
              </td>
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form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_____________________________________________________________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported):
August
28, 2008
_____________________________________________________________________
COVENANT
TRANSPORTATION GROUP, INC.
(Exact
name of registrant as specified in its charter)
Nevada
000-24960
88-0320154
(State
      or other jurisdiction
of
      incorporation)
(Commission
File
      Number)
(IRS
      Employer
Identification
      No.)
400
      Birmingham Hwy., Chattanooga, TN
37419
(Address
      of principal executive offices)
(Zip
      Code)
(423)
821-1212
(Registrant's
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[   ]
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
[   ]
Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
[   ]
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
[   ]
Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))
Item
      1.01
Entry
      into a Material Definitive Agreement.
Amendment
      No. 3 and Limited Waiver to Second Amended and Restated Credit
      Agreement
On
      August 28, 2008, Covenant Transportation Group, Inc., a Nevada corporation
      (formerly known as Covenant Transport, Inc. and hereinafter referred to as
      the "Company"), and Covenant Asset Management, Inc., a Nevada corporation
      (the "Borrower"), together with certain other subsidiaries of the Company,
      entered into that certain Amendment No. 3 and Limited Waiver to Second
      Amended and Restated Credit Agreement ("Amendment No. 3") with Bank of
      America, N.A., as administrative agent (the "Agent") and SunTrust Bank,
      National City Bank, Branch Banking and Trust Company, First Tennessee Bank
      National Association, LaSalle Bank National Association, Regions Bank, FSG
      Bank, N.A., and Sovereign Bank (collectively, with the Agent, the
      "Lenders"), which amends that certain Second Amended and Restated Credit
      Agreement, dated December 21, 2006, by and among the Company, the
      Borrower, and the Lenders, as amended (the "Credit
      Agreement").
Amendment
      No. 3, among other things, (i) amends certain defined terms in the Credit
      Agreement, (ii) imposes an additional negative covenant that requires
      the Borrower to maintain a minimum of $5,000,000 of availability under the
      Credit Agreement, and (iii) waives, for the period commencing June 30,
      2008 and ending October 31, 2008, any default or event of default that may
      have otherwise occurred as a result of any failure by the Company's
      consolidated group of companies to comply with the consolidated leverage
      ratio covenant test contained in Section 7.01(b) of the Credit
      Agreement.  After giving effect to Amendment No. 3, borrowings
      under the Credit Agreement are subject to a borrowing base limit of the
      lesser of (i) the difference of (a) the sum of (1) 85% of the net
      orderly liquidation value of any eligible revenue equipment as determined
      under an appraisal prepared by Taylor & Martin, Inc. (the "Taylor
      & Martin Appraisal"), plus (2) 70% of the net book value of any
      eligible revenue equipment that is not valued in the Taylor & Martin
      Appraisal, plus (3) the balance in the cash collateral account, less
      (b) the sum of specified types of unsecured indebtedness, and (ii) the sum
      of (a) $20,000,000, plus (b) the balance in the cash collateral account up
      to the outstanding amount of letter of credit obligations.
The
      obligations of the Borrower under the Credit Agreement continue to be
      guaranteed by the Company and all of the Company's wholly-owned domestic
      subsidiaries, except CVTI Receivables Corp., a Nevada corporation
      ("Receivables") (collectively, the "Guarantors"), and are secured by a
      pledge of certain of the Guarantors' assets, excluding certain revenue
      equipment of the Guarantors serving as collateral under the Company's line
      of credit from Daimler Truck Financial.
The
      foregoing summary of the terms and conditions of Amendment No. 3 does not
      purport to be complete and is qualified in its entirety by reference to
      the full text of Amendment No. 3, which will be filed with the Company's
      Form 10-Q for the quarter ending September 30, 2008.
Amendment
      No. 15 to Loan Agreement Relating to Accounts Receivable
      Securitization
On
      August 29, 2008, the Company and Receivables entered into that certain
      Amendment No. 15 ("Amendment No. 15") to that certain Loan Agreement dated
      as of December 12, 2000 by and among Three Pillars Funding LLC ("Three
      Pillars") and SunTrust Robinson Humphrey, Inc. ("SunTrust") (the "Loan
      Agreement").  Amendment No. 15, among other things, (i) amends
      certain defined terms in the Loan Agreement, (ii) amends certain lenders'
      rights to demand compensation in the event of specific regulatory changes
      having certain financial effects on such lenders, (iii) amends the
      conditions precedent to the issuance of subsequent loans under the Loan
      Agreement to include SunTrust's receipt of an annual independent
      accountants' report, (iv) sets forth additional reporting requirements for
      the Company, including the Company's issuance of weekly reports relating
      to the Company's borrowing base beginning on September 22, 2008 and ending
      October 21, 2008, and daily reports relating to the Company's borrowing
      base beginning on October 21, 2008, as well as a listing of the Company's
      receivables and an aging of such receivables as requested by SunTrust or
      Three Pillars, (v) amends the events of default to include the following
      as events of default: (a) the bankruptcy of the Company, (b) the existence
      and continuance of a borrowing base deficit for a certain period of time,
      (c) the rendering of a material monetary judgment against Receivables or
      the Company, and (d) a change of control of the Company, (vi) deletes from
      the list of specified amortization events, the existence or continuance of
      a borrowing base deficit, and (vii) amends the terms of confidentiality to
      allow the parties to the Loan Agreement to make certain necessary
      disclosures.
Extension
      and Expansion of Limited Waiver to Loan Agreement Relating to Accounts
      Receivable Securitization
On
      August 29, 2008, the Company and Receivables entered into that certain
      Extension and Expansion of Limited Waiver to Loan Agreement (the
      "Securitization Facility Waiver Extension") with Three Pillars and
      SunTrust.  The Securitization Facility Waiver Extension extends
      the expiration of the original waiver period from August 29, 2008 until
      October 31, 2008.  The Securitization Facility Waiver Extension
      also serves to waive a default under the Loan Agreement
resulting from the
      Company's opening of an additional bank account without providing proper
      notice pursuant to the Loan Agreement.
The
      foregoing summary of the terms and conditions of Amendment No. 15 and the
      Securitization Facility Waiver Extension does not purport to be complete
      and is qualified in its entirety by reference to the full text of
      Amendment No. 15 and the Securitization Facility Waiver Extension, which
      will be filed with the Company's Form 10-Q for the quarter ending
      September 30, 2008.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
COVENANT
      TRANSPORTATION GROUP, INC.
Date:
      September 4, 2008
By:
/s/
      Richard B. Cribbs
Richard
      B. Cribbs
Senior
      Vice President and Chief Financial
Officer