Covenant Logistics Group, Inc. (CVLG)

USD 54.56

(-3.77%)

Market Cap (In USD)

719.08 Million

Revenue (In USD)

1.1 Billion

Net Income (In USD)

55.22 Million

Avg. Volume

50.74 Thousand

Currency
USD
Country
Industrials
Open
-
Prev. Close
-
Day Range
-
Year Range
43.0-61.54
PE
-
EPS
-
Beta Value
1.352
ISIN
US22284P1057
CUSIP
22284P105
CIK
928658
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Industrials
Industry
Trucking
CEO
Mr. David Ray Parker
Employee Count
-
Website
https://www.covenantlogistics.com
Ipo Date
1994-10-28
Details
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. The Dedicated segment provides customers with committed truckload capacity over contracted periods 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. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services 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. As of December 31, 2021, it operated 2,291 tractors and 5,331 trailers. 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.