Covenant Logistics Group, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- David Ray Parker
- Full Time Employees
- 3,100
- Sector
- Industrials
- Industry
- Trucking
- Address
- 400 Birmingham Highway Chattanooga TN United States of America 37419
- IPO Date
- Oct 28, 1994
- CIK
- 0000928658
- Website
- covenantlogistics.com
- Similar Companies
- Business
- Covenant Logistics Group, Inc. is a U.S.-based transportation and logistics company providing comprehensive freight and supply chain solutions. Founded in 1986 and headquartered in Chattanooga, Tennessee, the company offers a suite of core services including truckload freight, less-than-truckload (LTL), intermodal transportation, dedicated contract carriage, brokerage, warehousing, and logistics engineering. Its service portfolio extends to specialized handling of hazardous materials, high-value and time-sensitive shipments, and port drayage operations, addressing a diverse set of industries such as paper and packaging, food and beverage, consumer goods, industrial manufacturing, retail, and healthcare. Recent strategic developments include the acquisition of Lew Thompson & Son, a dedicated contract carriage carrier with approximately 225 trucks, completed in April 2023 for an enterprise value of about $100 million with additional earnout potential, expanding Covenant's poultry and refrigerated freight capabilities and geographic reach into the Arkansas region. Covenant also acquired Sims Transport Services, LLC in August 2023 for $22.2 million, further enhancing its footprint and operational scale. The company has undertaken fleet expansion initiatives with a 4.9% increase in average tractor count, executed a share repurchase program of 1.6 million shares totaling $35.2 million, and is investing $50-60 million in capital expenditures for 2025 to support growth and operational enhancements. Additionally, Covenant maintains a 49% equity-method investment in TEL, contributing material pre-tax income, benefiting overall financial performance. Covenant operates across North America with a focus on integrated logistics solutions supported by data-driven supply chain engineering to optimize freight management, supply and demand forecasting, and distribution processes. Its recent operational focus includes improving managed freight and dedicated freight revenue streams with emphasis on margin enhancement and market competitiveness. The company’s broad service offerings and recent acquisitions reflect its strategic push to expand service capabilities and geographic coverage while addressing evolving customer needs in the logistics and supply chain sector. Covenant Logistics Group continues to position itself as a full-service logistics provider leveraging strategic investments and operational efficiencies to support its growth trajectory.
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Covenant Logistics Group Announces Fourth Quarter 2025 Financial and Operating Results
Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call
Covenant Logistics Transition Could Drive Much Better Results In 2026
Covenant Logistics Group Announces Quarterly Cash Dividend
Covenant Logistics Group, Inc. (CVLG) Q3 2025 Earnings Call Transcript
Covenant Logistics Group Announces Third Quarter 2025 Financial and Operating Results
Covenant Logistics Group, Inc. Announces Timing of Third Quarter Earnings Release and Conference Call
Should Value Investors Buy Covenant Logistics Group (CVLG) Stock?
Should Value Investors Buy Covenant Logistics Group (CVLG) Stock?
Covenant Logistics Group Announces Quarterly Cash Dividend