Welcome to our dedicated page for Covenant Logistics Group news (Ticker: CVLG), a resource for investors and traders seeking the latest updates and insights on Covenant Logistics Group stock.
Covenant Logistics Group Inc (CVLG) delivers premium freight transportation solutions with over three decades of industry leadership. This news hub provides investors and supply chain professionals with essential updates on the company’s operational milestones, financial performance, and strategic initiatives.
Access timely press releases and analysis covering earnings announcements, service expansions, leadership updates, and partnership developments. Our curated collection ensures you stay informed about critical logistics decisions impacting CVLG’s position in expedited freight and dry van transportation markets.
Discover updates categorized for efficient navigation: quarterly financial disclosures, operational enhancements, corporate governance changes, and market expansion efforts. Each entry maintains factual accuracy while contextualizing developments within the broader transportation sector.
Bookmark this page for direct access to Covenant Logistics Group’s official communications and third-party analysis. Regularly updated content supports informed decision-making for stakeholders tracking North American logistics trends.
Covenant Logistics Group (NYSE: CVLG) reported Q1 2025 financial results with earnings of $0.24 per diluted share, or $0.32 adjusted. Total revenue decreased to $269.4 million from $278.8 million year-over-year.
Performance was impacted by sub-par equipment utilization due to severe weather conditions and avian influenza outbreaks. The company completed a small tuck-in acquisition in their Dedicated division and announced a new $50 million stock repurchase program.
Key metrics include:
- Operating ratio: 97.2% (95.5% adjusted)
- Operating income: $7.6 million ($10.9 million adjusted)
- Net income: $6.6 million ($9.0 million adjusted)
- TEL investment contributed $3.8 million in pre-tax income
Management noted modest rate increases in Expedited, higher margins in Managed Freight, and expects revenue growth in Dedicated, Managed Freight, and Warehousing divisions compared to Q2 2024.
Covenant Logistics Group (NYSE: CVLG) has scheduled its first quarter earnings release for April 23, 2025, after 4:00 p.m. Eastern time. The company will host a conference call to discuss the results on April 24, 2025, at 10:00 a.m. Eastern time.
Investors can participate by dialing 877-550-1505 (U.S./Canada) or 0800-524-4760 (International). An audio replay will be available for one week at 800-645-7964 (access code 3895#) and extended access through the company's investor website.
Covenant Logistics Group provides transportation and logistics services across the United States, including asset-based expedited and dedicated truckload capacity, along with asset-light warehousing, transportation management, and freight brokerage services. The company's affiliate, Transport Enterprise Leasing, offers revenue equipment sales and leasing services to the trucking industry.
Covenant Logistics subsidiaries Landair and AAT Carriers have been awarded the prestigious 2025 TCA Elite Fleet Certification by the Truckload Carriers Association. This certification, developed with the University of Denver's Transportation & Supply Chain Institute, recognizes top-tier truckload carriers for excellence in workplace culture, driver satisfaction, and operational performance.
The certification process evaluates multiple metrics including safety records, driver satisfaction, turnover rates, benefits, company equipment, and operational efficiency. The assessment includes validation through driver and independent contractor surveys.
Both Landair and AAT Carriers demonstrate commitment to driver-centric culture through competitive compensation, comprehensive benefits, and professional development programs. The recognition highlights their focus on employee well-being, career development, and maintaining high safety standards.
Covenant Logistics Group (NYSE: CVLG) has declared a quarterly cash dividend of $0.07 per share for both Class A and Class B common stock. The dividend will be paid on March 28, 2025, to stockholders of record as of March 7, 2025.
The company, which provides transportation and logistics services across the United States, offers asset-based expedited and dedicated truckload capacity, along with asset-light warehousing, transportation management, and freight brokerage services. Through its affiliate Transport Enterprise Leasing, it also provides revenue equipment sales and leasing services to the trucking industry.
Future dividend declarations will be subject to board approval and various factors including cash flow needs, legal compliance, and financial conditions.
Covenant Logistics Group (NYSE: CVLG) reported fourth quarter 2024 earnings of $0.24 per diluted share and non-GAAP adjusted earnings of $0.49 per diluted share. Total revenue increased to $277.3 million from $274.0 million in Q4 2023.
The company's Dedicated segment underperformed due to customer shutdowns and higher costs, while asset-light segments (Managed Freight and Warehousing) exceeded expectations. The Expedited segment delivered solid results despite operating with a smaller fleet.
Key financial metrics include:
- Operating income decreased to $8.6 million from $14.3 million year-over-year
- Operating ratio was 96.9% compared to 94.8% in Q4 2023
- Net income declined to $6.7 million from $12.8 million in Q4 2023
- Investment in Transport Enterprise Leasing contributed $3.0 million in pre-tax income
Covenant Logistics Group (NYSE: CVLG) has scheduled its fourth quarter earnings release for January 23, 2025, after 4:00 p.m. Eastern time. The company will host a conference call to discuss the results on January 24, 2025, at 10:00 a.m. Eastern time.
Investors can participate in the call by dialing 877-550-1505 (U.S./Canada) or 0800-524-4760 (International). An audio replay will be available for one week at 800-645-7964 (access code 3895#), with extended access through the company's investor website.
Covenant Logistics Group provides transportation and logistics services across the United States, including asset-based expedited and dedicated truckload capacity, asset-light warehousing, transportation management, and freight brokerage services. The company also operates Transport Enterprise Leasing, which provides revenue equipment sales and leasing services to the trucking industry.
Covenant Logistics Group (NYSE: CVLG) has announced a two-for-one stock split of its Class A and Class B common stock, aimed at improving stock accessibility for investors and employees. The split will be executed through a stock dividend, with stockholders of record as of December 20, 2024, receiving one additional share for each share held. The distribution is scheduled for December 31, 2024, with split-adjusted trading beginning on January 2, 2025.
The stock split will maintain all existing stockholder voting and other rights. Covenant provides transportation and logistics services across the United States, including asset-based expedited and dedicated truckload capacity, asset-light warehousing, transportation management, and freight brokerage services.
Covenant Logistics Group (NYSE: CVLG) has declared a quarterly cash dividend of $0.11 per share for both Class A and Class B common stock. The dividend will be paid on December 27, 2024, to stockholders of record as of December 6, 2024. This dividend is part of an ongoing cash dividend program approved by the company's board of directors, with future declarations subject to quarterly board determination.
Covenant Logistics Group (NYSE: CVLG) has been recognized as a 2024 'Top Company for Women to Work in Transportation' by Redefining the Road magazine. The recognition highlights Covenant's commitment to fostering an inclusive workplace with competitive compensation, flexible work requirements, and professional growth opportunities. The company recently hosted its 3rd annual Women of Covenant Conference themed 'Better Together,' culminating in the 2024 Women of the Year Awards honoring Nancy Hok (In-House), Stephanie Dressler (Warehouse), and Kimberly Agee (Driver) for their leadership and contributions.
Covenant Logistics Group (CVLG) reported Q3 2024 earnings of $0.94 per diluted share and non-GAAP adjusted earnings of $1.09 per diluted share. Key highlights include year-over-year freight revenue growth of 2.1%, operating income growth of 7.2%, and non-GAAP adjusted operating income growth of 8.3%. The company achieved a $36.6 million sequential reduction in net indebtedness while improving fleet age. Total revenue was $287.9 million, with operating income of $16.2 million. The company's 49% equity investment in Transport Enterprise Leasing contributed $4.0 million in pre-tax net income, down from $5.3 million in Q3 2023.
FAQ
What is the current stock price of Covenant Logistics Group (CVLG)?
What is the market cap of Covenant Logistics Group (CVLG)?
