Exhibit
21
SUBSIDIARIES
OF THE REGISTRANT
CIP,
Inc., a Nevada corporation
CVTI
Receivables Corp., a Nevada corporation
Covenant
Asset Management, Inc., a Nevada corporation
Covenant.com,
Inc., a Nevada corporation
Covenant
Transport, Inc., a Tennessee corporation
Harold
Ives Trucking Co., an Arkansas corporation
Southern
Refrigerated Transport, Inc., an Arkansas corporation
Volunteer
Insurance Limited, a Cayman Islands company