Covenant Logistics Group, Inc. (CVLG)

44.90 +0.19 (+0.42%) At close: 04:00PM EDT

Covenant Logistics Group, Inc.

400 Birmingham Highway
Chattanooga, TN 37419
United States
423 821 1212
https://www.covenantlogistics.com

Sector(s): Industrials
Industry: Trucking
Full Time Employees: 2,900

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. David Ray Parker	Chairman of the Board & CEO	1.38M	N/A	1958
Mr. M. Paul Bunn	President & COO	902.74k	N/A	1978
Mr. James S. Grant III	Executive VP & CFO	535.13k	N/A	1979
Mr. Joey B. Hogan	Executive VP & Director	1.36M	N/A	1962
Mr. Samuel F. Hough	Executive Vice President of Expedited Operations	633.19k	N/A	1966
Ms. Lynn Doster	Executive Vice President of Dedicated & Warehousing Operations	640.77k	N/A	1966
Mr. Matisse Long	Chief Accounting Officer	N/A	N/A	1976
Mr. Eric Whitton	Senior Vice President of Technology	N/A	N/A	N/A
Mr. Troy A. Robertson	Senior VP & General Counsel	N/A	N/A	1974
Ms. Joey Ballard	Executive Vice President of People & Safety	N/A	N/A	1975

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

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. Its Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length 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. Its Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related 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. 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.

Corporate Governance

Covenant Logistics Group, Inc.’s ISS Governance QualityScore as of April 1, 2024 is 5. The pillar scores are Audit: 1; Board: 9; Shareholder Rights: 9; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.