Covenant Logistics Group, Inc. (CVLG)
NYSE: CVLG · Real-Time Price · USD
57.77
+0.81 (1.42%)
Nov 22, 2024, 4:00 PM EST - Market closed

Company Description

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States.

It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.

Its Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company.

The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers’ freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs.

Its Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers.

The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers.

The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020.

Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Covenant Logistics Group, Inc.
Covenant Logistics Group logo
Country United States
Founded 1986
IPO Date Oct 28, 1994
Industry Trucking
Sector Industrials
Employees 4,600
CEO David Parker

Contact Details

Address:
400 Birmingham Highway
Chattanooga, Tennessee 37419
United States
Phone 423 821 1212
Website covenantlogistics.com

Stock Details

Ticker Symbol CVLG
Exchange NYSE
Fiscal Year January - December
Reporting Currency USD
CIK Code 0000928658
CUSIP Number 22284P105
ISIN Number US22284P1057
Employer ID 88-0320154
SIC Code 4213

Key Executives

Name Position
David Ray Parker Chairman of the Board and Chief Executive Officer
James S. Grant III Executive Vice President and Chief Financial Officer
Joey B. Hogan Executive Vice President and Director
Samuel F. Hough Executive Vice President of Expedited Operations
Lynn Doster Executive Vice President of Dedicated and Warehousing Operations
Dustin Koehl Chief Operating Officer
Matisse Long Chief Accounting Officer
Eric Whitton Senior Vice President of Technology
Troy A. Robertson Senior Vice President and General Counsel
Joey Ballard Executive Vice President of People and Safety

Latest SEC Filings

Date Type Title
Nov 13, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Nov 1, 2024 10-Q Quarterly Report
Oct 23, 2024 8-K Current Report
Aug 19, 2024 8-K Current Report
Aug 5, 2024 25 Filing
Aug 2, 2024 10-Q Quarterly Report
Jul 26, 2024 CERT Certification by an exchange approving securities for listing
Jul 26, 2024 8-A12B Registration of securities
Jul 26, 2024 8-K Current Report
Jul 24, 2024 8-K Current Report