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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.
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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 September 26, 2025, to stockholders of record as of September 5, 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, Covenant also provides revenue equipment sales and leasing services to the trucking industry.
Covenant Logistics Group (NYSE:CVLG) reported Q2 2025 earnings of $0.36 per diluted share ($0.45 adjusted), with record-breaking freight revenue of $276.5 million, up 7.8% year-over-year. The company's operating ratio was 96.2% (94.6% adjusted).
Key operational highlights include a 4.9% increase in average tractor fleet, successful repurchase of 1.6 million shares at $22.69 per share totaling $35.2 million, and a 28.5% increase in Managed Freight revenue. The company's TEL investment contributed $4.3 million in pre-tax income.
Despite revenue growth, challenges included competitive market conditions, rising operating costs, and increased net indebtedness to $268.7 million. The company expects $50-60 million in capital expenditures for the remainder of 2025.
[ "Record quarterly freight revenue of $276.5 million, up 7.8% year-over-year", "Successful share repurchase of $35.2 million at $22.69 per share", "Managed Freight segment revenue increased 28.5% year-over-year", "4.9% increase in average tractor fleet", "TEL investment contributed $4.3 million in pre-tax income" ]Covenant Logistics Group (NYSE: CVLG) has scheduled its second quarter earnings release for July 23, 2025, after market close at 4:00 p.m. Eastern time. The company will host a conference call to discuss the results on July 24, 2025, at 10:00 a.m. Eastern time.
Investors can participate in the conference call using the dial-in numbers 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week at 800-645-7964 (access code 3895#), with extended replay access on 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's affiliate, Transport Enterprise Leasing, offers revenue equipment sales and leasing services to the trucking industry.
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 June 27, 2025, to stockholders of record as of June 6, 2025.
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) 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.
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