Covenant Logistics Group, Inc. filings document the public-company record for a Nevada-based transportation and logistics operator with Class A common stock listed on the New York Stock Exchange. Its 8-K reports include operating and financial results, dividend declarations, capital-structure disclosures for Class A and Class B common stock, and other material-event notices.
Proxy and governance filings cover shareholder voting matters, board and executive compensation disclosures, equity-award practices, and incentive-plan arrangements for named executive officers. The filing record also reflects ownership-related disclosures, risk and forward-looking-statement language tied to company results, and formal exhibits such as earnings releases and dividend announcements.
Covenant Logistics Group reported first quarter 2026 results, with total revenue rising 14.0% to $307,161 (000s) and freight revenue up 15.9% to $281,925 (000s).
GAAP operating income declined to $6,282 (000s) and net income to $4,420 (000s), or $0.17 per diluted share, from $0.24 a year earlier. On a non-GAAP basis, adjusted net income was $6,915 (000s) and adjusted EPS $0.26, both below the prior year as weather disruptions and fuel headwinds pressured margins.
Expedited freight revenue fell 10.3% on a smaller tractor fleet, while Dedicated freight revenue grew 10.9% with better tractor productivity. Managed Freight freight revenue jumped 59.6% but with a weaker operating ratio, and Warehousing revenue rose 14.6%. Net indebtedness fell to $245,256 (000s), cutting the net indebtedness to total capitalization ratio to 37.6%.
COVENANT LOGISTICS GROUP, INC. executive vice president and CFO James S. Grant III reported an open-market sale of Class A Common Stock. He sold 22,388 shares at a price of $30.75 per share and continued to hold 20,915 shares directly after the transaction.
The filing notes that this sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2025, indicating the trade was scheduled in advance rather than timed discretionarily.
Covenant Logistics Group, Inc. is asking stockholders to vote at its 2026 annual meeting on May 13, 2026, on three items: electing nine directors, an advisory say-on-pay vote on executive compensation, and ratifying Grant Thornton LLP as auditor for 2026.
The company highlights board independence, proxy access, stock ownership and clawback policies, and board oversight of risk and cybersecurity. For 2025 it reports over $1.2 billion in revenue, earnings per share of $0.27, return on average invested capital of 0.3%, and repurchased $36.2 million of Class A stock under a $50 million authorization while continuing a regular quarterly dividend.
Covenant Logistics Group executive Joey Ballard reported a forfeiture of 5,516 shares of Class A common stock. These shares were restricted stock granted under the company’s Omnibus Incentive Plan and were returned to the issuer at no price after performance targets were not achieved.
Following this disposition to the company, Ballard directly holds 25,149 shares of Covenant Logistics Group common stock. The transaction reflects a performance-based forfeiture rather than an open-market sale and does not involve cash proceeds.
Grant James S III reported disposition transactions in this Form 4 filing.
Covenant Logistics Group EVP and CFO James S. Grant III reported a compensation-related share forfeiture. On the reported date, 5,516 shares of Class A common stock were returned to the issuer at a price of $0.00 per share. The footnote explains this reflects forfeited restricted stock because the company did not achieve established performance targets, as certified by the compensation committee. After this adjustment, Grant directly holds 43,303 shares, indicating this is a revision to prior equity awards rather than an open-market sale.
Covenant Logistics Group, Inc. has filed a shelf registration on Form S-3 to offer up to $200,000,000 of securities, including Class A common stock, preferred stock, debt securities, rights, and warrants, on a delayed or continuous basis.
The prospectus states offerings will be made by prospectus supplements with specific terms; the Company’s Class A common stock trades on the New York Stock Exchange under the symbol CVLG. The prospectus discloses 20,383,043 shares of Class A common stock issued and outstanding and 4,700,000 shares of Class B common stock issued and outstanding as of February 25, 2026. Covenant reported approximately $1.2 billion in total revenue and $2.9 million in operating income for 2025 and operated 2,315 tractors and 6,611 trailers as of December 31, 2025.
COVENANT LOGISTICS GROUP, INC. director Joey B. Hogan reported a bona fide gift of 2,600 shares of Class A Common Stock on February 27, 2026, transferring them at no price. After this gift, he directly owned 118,794 shares. Some shares are owned jointly with his wife as joint tenants.
Covenant Logistics Group files its annual report describing a diversified trucking and logistics business built around Expedited, Dedicated, Managed Freight, and Warehousing segments. For 2025, freight revenue was weighted toward Dedicated at 33.47%, Expedited at 29.95%, Managed Freight at 27.08%, and Warehousing at 9.44%.
The company operated 2,315 tractors and 6,611 trailers as of December 31, 2025, with an average tractor age of about 2.0 years and trailer age of 5.7 years. In 2025, Expedited average freight revenue per total mile was $2.10 with 177,114 miles per tractor, while Dedicated earned $3.13 per mile with 74,076 miles per tractor.
Covenant highlights a 2-for-1 stock split effective December 31, 2024 and a rising quarterly dividend, lifted to $0.07 per share in February 2025. It also reports $14.7 million of equity income from its 49% stake in Transport Enterprise Leasing in both 2025 and 2024, and discusses extensive regulatory, environmental, driver availability, and fuel-cost risks that could affect future performance.