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Covenant Logistics Group Inc - CVLG STOCK NEWS

Welcome to our dedicated news page for Covenant Logistics Group (Ticker: CVLG), a resource for investors and traders seeking the latest updates and insights on Covenant Logistics Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Covenant Logistics Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Covenant Logistics Group's position in the market.

News
Covenant Logistics Group Announces First Quarter Financial and Operating Results
Rhea-AI Summary
Covenant Logistics Group, Inc. announced first quarter financial and operating results for 2024, with earnings of $0.29 per diluted share and non-GAAP adjusted earnings of $0.84 per diluted share. The company highlighted successful execution of major startups in the Dedicated segment. The freight market remained soft, with used equipment prices declining. Despite challenges, the company's diversified logistics services showed strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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Covenant Logistics Group, Inc. Announces Timing of First Quarter Earnings Release and Conference Call
Rhea-AI Summary
Covenant Logistics Group, Inc. (CVLG) is set to announce its first-quarter earnings on April 24, 2024, followed by a conference call the next day. The company offers transportation and logistics services across the U.S., including truckload capacity, warehousing, and freight brokerage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
earnings
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News
Women In Trucking Association Names Covenant Logistics’ Abby Hamm and Lori Fulmer as 2024 Top Women to Watch in Transportation
Rhea-AI Summary
Covenant Logistics Group, Inc announces Abby Hamm and Lori Fulmer as 2024 Top Women to Watch in Transportation by Redefining the Road. They are among 75 women recognized for their career accomplishments in a male-dominated industry. The women work in various job functions across different company types.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
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none
News
Matthew Duncan of Covenant Logistics Named 2023 Transport Topics Recruiting Professional of the Year
Rhea-AI Summary
Matthew Duncan, VP of Enterprise Driver Recruiting at Covenant Logistics, awarded 2023 Transport Topics Recruiting Professional of the Year for his innovative strategies in driver retention. Duncan's leadership led to exceeding hiring goals, improved driver retention, and successful integration of new acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
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none
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News
Covenant Logistics Group Announces Quarterly Cash Dividend
Rhea-AI Summary
Covenant Logistics Group, Inc. (CVLG) declared a quarterly cash dividend of $0.11 per share of Class A and Class B common stock. The dividend is payable to stockholders of record on March 1, 2024, and is expected to be paid on March 29, 2024. The board of directors approved a cash dividend program for future declarations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
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dividends
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Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
Rhea-AI Summary
Covenant Logistics Group, Inc. reported fourth quarter earnings of $0.93 per diluted share and non-GAAP adjusted earnings of $1.07 per diluted share. The company achieved its second-best adjusted earnings per diluted share in company history and increased its quarterly dividend. The asset-based segments contributed 67% of total revenue, while the asset-light segments contributed 33%. The company's 49% equity method investment with Transport Enterprise Leasing contributed pre-tax net income of $4.7 million. Truckload operating data and statistics for the fourth quarter, as well as financial performance, were also highlighted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
Tags
earnings
News
Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call
Rhea-AI Summary
Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) will release its fourth quarter earnings on January 23, 2024, and hold a live conference call on January 24, 2024, to discuss the results. The company offers transportation and logistics services, including truckload capacity, warehousing, and freight brokerage. Covenant's Class A common stock is traded on the NASDAQ Global Select market under the symbol, 'CVLG.'
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.12%
Tags
earnings
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Covenant Logistics Group Announces Quarterly Cash Dividend
Rhea-AI Summary
Covenant Logistics Group, Inc. (NASDAQ: CVLG) Declares Quarterly Cash Dividend of $0.11 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
dividends
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News
Covenant Logistics Named 2023 Top Company for Women to Work For in Transportation for Third Consecutive Year
Rhea-AI Summary
Covenant Logistics Group has been recognized as a 'Top Company for Women to Work For in Transportation' for the third consecutive year by Redefining the Road. This recognition highlights the company's commitment to promoting gender diversity and creating an inclusive workplace environment. Covenant Logistics offers benefits such as tuition reimbursement, parental leave, and wellness credit opportunities for female health screenings. The Women of Covenant group provides mentorship, education, and collaboration for women in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
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none
News
Covenant Logistics Group Announces Third Quarter Financial and Operating Results
Rhea-AI Summary
Covenant Logistics Group, Inc. reports Q3 earnings of $0.99 per diluted share and non-GAAP adjusted earnings of $1.13 per diluted share. Asset-based segments contributed 67% of total revenue and 69% of operating income. Managed Freight segment experienced significant reductions in revenue and profitability. Warehousing segment saw an increase in revenue through new customer startups.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.45%
Tags
earnings
Stock CVLG logo
Covenant Logistics Group Inc

Nasdaq:CVLG

CVLG Rankings

#2818 Ranked by Market Cap
#1844 Ranked by Stock Gains
#1826 Ranked by Dividends

CVLG Stock Data

594.23M
8.63M
27.56%
65.51%
0.54%
General Freight Trucking, Local
Transportation and Warehousing
Link
US
Chattanooga

About CVLG

covenant transport is a premium service provider specializing in expedited, dry van freight transportation. we pride ourselves on doing business with care -- communication, attitude, respect and excellence. these core values -- introduced by our founders more than 30 years ago -- provide the foundation upon which we have built a culture of award-winning service for our customers, employees and vendors. covenant transport is a wholly-owned subsidiary of covenant transportation group, inc., holding company for several transportation providers which offer premium services for customers throughout the united states. ctg class a common stock is traded on the nasdaq global select market under the symbol cvti.