Covenant Logistics Group, Inc.
CVLG

$747.82 M
Marketcap
$56.74
Share price
Country
$0.22
Change (1 day)
$61.54
Year High
$41.38
Year Low
Categories

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.

marketcap

Earnings for Covenant Logistics Group, Inc. (CVLG)

Earnings in 2023 (TTM): $72.24 M

According to Covenant Logistics Group, Inc.'s latest financial reports the company's current earnings (TTM) are $72.24 M. The earnings displayed on this page is the company's Pretax Income.

Earnings history of Covenant Logistics Group, Inc.

Annual Earnings

Year Income Before Tax Net Income
2023 $72.24 M $55.23 M
2022 $142.79 M $108.68 M
2021 $79.15 M $60.73 M
2020 $-16,924,000 $-14,120,000
2019 $11.94 M $8.48 M
2018 $58.01 M $42.5 M
2017 $23.3 M $55.44 M
2016 $27.22 M $16.84 M
2015 $63.91 M $42.09 M
2014 $32.58 M $17.81 M
2013 $12.75 M $5.24 M
2012 $12.4 M $6.07 M
2011 $-16,439,000 $-14,267,000
2010 $9.46 M $3.29 M
2009 $-30,048,000 $-25,030,000
2008 $-66,183,000 $-53,391,000
2007 $-22,306,000 $-16,726,000
2006 $3.2 M $-1,381,000
2005 $13.67 M $5.19 M
2004 $11.83 M $3.38 M
2003 $26.47 M $12.16 M
2002 $20.58 M $8.27 M
2001 $-8,389,000 $-6,662,000
2000 $19.77 M $11.88 M
1999 $37.18 M $22.28 M
1998 $29.77 M $18.28 M
1997 $21.85 M $13.7 M
1996 $14.08 M $8.98 M
1995 $14.6 M $9.3 M
1994 $11.3 M $7.3 M