Covenant News Updates

Business, Technology, Logistics, For-Hire, Top 100

Covenant Logistics Q4 Profit Slides on Helene, Higher Costs

Covenant reported a profit of $6.7 million or earnings per diluted share of 24 cents in Q4, just over half the $12.8 million or 47 cents per diluted share profit posted in Q4 2023.

January 27, 2025
Business, Logistics, For-Hire, Top 100

Covenant's Q3 Net Income and Revenue Take Slight Dips

The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

October 29, 2024
Business, Logistics, For-Hire

Covenant Logistics Reports Nearly 5% Revenue Rise for Q2

Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24.

July 25, 2024
Business, Logistics

Covenant Q1 Profit Slumps 76% on Freight Rate Weakness

Covenant Logistics Group profits tumbled in the first quarter of 2024, with freight rates and volumes taking a toll on earnings as expected.

April 25, 2024
Business, Logistics

Covenant Reports Revenue, Earnings Decline for Q2

Covenant Logistics Group Inc. reported a year-over-year decrease in revenue and earnings during the second quarter of 2023, the company reported July 26.

July 27, 2023
Business, For-Hire

Covenant Sees Year-End Slowdown

Covenant Logistics Group Inc. saw a 35% year-over-year decline in earnings amid marginal revenue improvements during the fourth quarter of 2022, the company reported Jan. 25.

January 26, 2023
Business

Covenant Reports Robust Earnings, Revenue Results for Q3

Covenant Logistics Group Inc. experienced year-over-year revenue and earnings growth during the third quarter, the company reported Oct. 20.

October 23, 2022
Business, Technology, For-Hire, TCA

Covenant Official Says Range Is Biggest Factor in EV Adoption

CHATTANOOGA, Tenn. The distance a battery-powered tractor-trailer can travel before recharging is the big holdup for the adoption of electric trucks, a top official for Chattanooga-based Covenant Logistics said Aug. 23.

August 24, 2022
Business, For-Hire

Covenant Logistics Reaches $317M Revenue by Overcoming Q2 Headwinds

Covenant Logistics Group Inc. reported second-quarter revenue and earnings growth July 25, despite market headwinds.

July 26, 2022
Business, For-Hire

Covenant Logistics Posts $291.6 Million in Revenue for Q1

Covenant Logistics Group Inc. saw revenue and earnings improvements during the first quarter of 2022, the company reported April 27.

April 28, 2022