Covenant Logistics

Rank#6612

Market Cap866.65M

CountryUnited States

Summary

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.

History

Covenant Logistics Group, Inc. was founded in 1989 when Ken Bush and his son, Michael, purchased a Chattanooga-based trucking company and named it Covenant Transportation. Since then, Covenant has expanded, acquiring a number of smaller companies and establishing eleven subsidiaries that provide services ranging from truckload to intermodal and logistics. Today, Covenant is recognized as one of the leading transportation providers in the United States and offers a full suite of services from its headquarters in Chattanooga, Tennessee.

Mission

Our mission is to provide world-class transportation and logistics solutions that exceed our customers' expectations. We strive to be an invaluable partner in helping our customers reach their goals, while delivering outstanding service and value.

Vision

Our vision is to be the transportation provider of choice, delivering the highest quality services to our customers and creating shareholder value.

References

https://en.wikipedia.org/wiki/Covenant_Logistics

https://in.investing.com/equities/covenant-transpor

https://www.comparably.com/companies/vision/mission

https://www.crunchbase.com/organization/covenant-transport-2

https://finance.yahoo.com/quote/CVLG/

https://www.covenantlogistics.com

https://sec.report/CIK/0000928658

Leadership team

Mr. Joey B. Hogan (Pres)