32.65
+3.49%
Close of 9 Nov 2026, in USD
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About Covenant Logistics Group
From its filings with the US Securities and Exchange Commission
Covenant Logistics Group is based in Chattanooga, Tennessee and is incorporated in Nevada. Its shares trade on NYSE under the ticker CVLG. The SEC classifies its business as trucking (no local). In the fiscal year to 31 December 2025, it reported revenue of $1.16bn and net income of $7.2m. At that date it held total assets of $1.05bn and shareholders' equity of $404.0m.
We were founded in 1986 as a provider of expedited freight transportation, primarily using two-person driver teams in transcontinental lanes. Since that time, we have grown from 25 tractors to approximately 2,300 tractors and expanded our services to include a wide array of transportation and logistics services for our customers. We are strategically focused on continuing to integrate into the supply chain of our customers and reducing our seasonal and cyclical volatility. Our 2018 acquisition of Landair Holdings, Inc., Landair Transport, LLC, Landair Logistics, LLC, and Landair Leasing, Inc. (collectively, "Landair"), our 2022 acquisition of AAT Carriers, Inc. ("AAT"), and our 2023 acquisitions of Lew Thompson & Son Trucking, LLC, Lew Thompson & Son Leasing LLC, Lew Thompson & Son Dedicated Leasing, LLC, Josh Thompson Trucking, LLC (collectively "LTST") and Sims Transport Services LLC ("Sims"), and our 2025 acquisition of assets we are operating as Star Logistics Solutions ("Star") are examples of that commitment. Landair is a leading dedicated truckload carrier and supplier of transportation management, warehousing, and logistics inventory management systems. AAT specializes in highly regulated, time-sensitive loads for the U.S. government. LTST specializes in poultry feed and live haul transportation. Sims is a specialized brokerage company. Star provides freight brokerage services.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Road & Rail
- Listed since
- 28 Oct 1994
- Employees
- 2,900
- Website
- covenantlogistics.com ↗
- Head office
- 400 BIRMINGHAM HIGHWAY, CHATTANOOGA, TN, 37419
- Incorporated in
- NV
- Classification
- Trucking (No Local)
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. David ParkerChairman of the Board, Chief Executive Officer, since 1985$2.0m
- Mr. M. Paul BunnPresident$2.3m
- Mr. James GrantChief Financial Officer, Executive Vice President, Principal Accounting Officer$1.2m
- Mr. Dustin KoehlChief Operating Officer$906,307
- Ms. Joey BallardExecutive Vice President - People and Safety$879,811
- Mr. W. Miller WelbornLead Independent Director$209,414
- Mr. Joey HoganDirector, since 1997$169,414
- Ms. Rachel Parker-HatchettDirector$169,414
- Dr. Benjamin CarsonIndependent Director$179,914
- Mr. D. Michael KramerIndependent Director$189,414
- Mr. Bradley MolineIndependent Director$181,914
- Mr. Tracy RosserIndependent Director$171,914
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 59
- Environment
- 55
- Social
- 56
- Governance
- 66
- Women in the workforce
- 22%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Covenant Logistics Group Inc has established a strong brand reputation in the transportation and logistics industry. This enhances their credibility and attracts potential customers, partners, and investors.
- The company provides a wide range of services including truckload transportation, dedicated freight, brokerage, and warehousing. This diversification allows Covenant to cater to different customer needs and adapt to market demands more effectively.
- Covenant Logistics Group Inc has invested in advanced technologies to improve efficiency, track shipments, optimize routes, and enhance customer experience. This technological edge enables the company to stay competitive and deliver superior services to its clients.
Weaknesses
- As a transportation company, Covenant Logistics Group Inc heavily relies on fuel prices. Fluctuations in fuel prices can directly impact the company's profitability and operational costs.
- While Covenant operates in multiple states across the United States, its geographic presence is still limited compared to some larger competitors. This could restrict market reach and growth opportunities in certain regions.
- Covenant relies on third-party carriers for certain transportation services. This dependence introduces a risk factor as it may affect the company's ability to control service quality and costs.
Opportunities
- The rapid growth of e-commerce presents an opportunity for Covenant Logistics Group Inc to expand its offerings in the e-commerce logistics sector. There is a rising demand for reliable and efficient transportation services to support online retail operations.
- Covenant can explore potential strategic partnerships and participate in industry consolidation to strengthen its market position, gain access to new technologies, and expand its service capabilities.
- The increasing emphasis on sustainability in the transportation industry opens avenues for Covenant Logistics Group Inc to develop and offer eco-friendly logistics solutions. This can attract environmentally conscious customers and have a positive impact on the company's image.
Threats
- Covenant operates in a highly competitive market where larger competitors with established networks and resources pose a threat. The company needs to continuously improve its services and differentiate itself to maintain its market share.
- Economic downturns can adversely impact the demand for transportation and logistics services. Covenant Logistics Group Inc must closely monitor economic conditions to mitigate the negative effects and adjust its strategies accordingly.
- The transportation and logistics industry is subject to various regulations and compliance requirements. Covenant Logistics Group Inc must stay updated with regulatory changes and ensure compliance to avoid penalties and disruptions in operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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