← Back

Covenant Logistics Group, Inc.

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 with the goal of three to five years in length 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, as well as shuttle and switching services related 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. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in May 2007. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Price · split & dividend adjusted
News & notes moving CVLG
CVLG▼

Covenant Logistics stock plunges 11% as earnings miss overshadows long-term strategy

Covenant Logistics shares fell 11.2% to $36.85 on Thursday after the company reported adjusted earnings per share of 42 cents, down from 45 cents a year earlier, despite a 6.16% increase in freight revenue. CFO James Grant emphasized that the company’s structural shift toward multiyear committed contracts and specialized services like dedicated and warehousing is designed for long-term resilience rather than capturing short-term freight rate surges. The Expedited division was a key laggard, with freight revenue excluding fuel down about 12.9% and an adjusted operating ratio of 94.6%, while insurance and claims costs rose to $18.1 million in the second quarter, the highest quarterly level historically. Grant outlined three execution priorities: transitioning expiring contracts into new long-term commitments, moving uncommitted capacity into committed revenue, and normalizing the Managed Freight segment as contract rates catch up to capacity costs. The stock has fallen about 16.6% for the month but remains up 51.2% over the past 52 weeks.
CVLG ▼
FreightWaves·26dRead more ▾
CVLG▲

Citizens launches transportation coverage, names FedEx a top large-cap pick

Citizens initiated coverage of the Transportation, Logistics and Services group with twenty-two names, naming FedEx among its top large-cap picks alongside FTAI Aviation, Union Pacific and C.H. Robinson, according to a note from analyst Jeff Kauffman. The firm assigned a mix of Market Outperform and Market Perform ratings with no Market Underperform ratings, citing a projected acceleration of the group's earnings recovery and momentum through late 2027. For mid- and small-cap names, Citizens favors GXO, U-Haul parent UHAL, Knight-Swift, Wabash National and Covenant Logistics, along with a story-specific Market Outperform rating on FTAI Infrastructure. Stocks in the coverage group have generated 33.8% average returns year-to-date in 2026, compared with 20.0% for the Russell 2000 and 10.7% for the S&P 500. Kauffman described the early phase of an economic recovery as one of the best windows of the cycle to own these names, with Citizens forecasting 2.3% real GDP growth in 2026, slowing to 2.1% in 2027, implying low-single-digit growth for rail freight and low-to-mid-single-digit growth for trucking. The firm pointed to six positive PMI readings this year following 38 months of negative readings, calling the current freight cycle one of the longest freight market declines, with the industry now emerging into a new upcycle supported by tight truck capacity and low inventories requiring restocking.
FDX ▲CHRW ▲FTAI ▲CVLG ▲UNP ▲FIP ▲+4
Investing.com·42dRead more ▾
CVLG▼

Gorman-Rupp Named Top Industrials Pick While Covenant Logistics and Whirlpool Flagged as Sells

StockStory identified Gorman-Rupp as a top industrials stock to buy, while recommending investors sell Covenant Logistics and Whirlpool. Gorman-Rupp posted 14.9% annual revenue growth over five years and expanded its free cash flow margin by 6.2 percentage points, with earnings per share rising 30% annually over the past two years. Covenant Logistics saw earnings per share fall 15.7% annually despite revenue growth, and its returns on capital remain weak. Whirlpool’s sales declined 5.8% annually over five years, its free cash flow margin shrank by 5.4 percentage points, and it carries a high net-debt-to-EBITDA ratio of 7 times.
CVLG ▼GRC ▲WHR ▼
StockStory·63dRead more ▾
CVLG▲

Covenant Logistics Group Bullish Thesis Highlights Freight Tailwinds and Margin Improvements

A bullish thesis on Covenant Logistics Group, Inc. was published on TradersPro's Substack, citing structural freight shifts and operational improvements. The thesis notes that tariff-driven supply chain adjustments and tighter carrier capacity are benefiting the U.S.-based transportation and logistics operator. Key growth drivers include the managed freight segment and dedicated contract services, with the acquisition of Star Logistics Solutions expanding brokerage capabilities. Management is pruning lower-margin contracts and reallocating capacity to higher-return opportunities, while industry tailwinds such as higher shipment frequency and improving pricing discipline support the outlook. The stock was trading at $44.81 as of June 15th, with a forward P/E of 28.01.
CVLG ▲
TradersPro·68dRead more ▾
© 2026 MarketDXAsset