Covenant Logistics Group, Inc.CVLG
What Covenant Logistics Group, Inc. does.
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.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $838.6M | $1.0B | $1.2B | $1.1B | $1.1B | $1.2B |
| Net income | -$42.7M | $60.7M | $108.7M | $55.2M | $35.9M | $7.2M |
| Free cash flow | -$31.0M | $37.9M | $58.8M | -$132.8M | -$30.1M | -$33.9M |
More on CVLG.
- Covenant Logistics Group, Inc. summary
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- Covenant Logistics Group, Inc. health scores and style box
- Covenant Logistics Group, Inc. earnings
- Covenant Logistics Group, Inc. dividends
- Covenant Logistics Group, Inc. valuation
- Covenant Logistics Group, Inc. ownership and insiders
- Covenant Logistics Group, Inc. peers
Figures from Covenant Logistics Group, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.