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Covenant Logistics Group, Inc. (CVLG)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
38.35-0.01 (-0.03%)
At close: 01:00PM EST
38.35 0.00 (0.00%)
After hours: 01:01PM EST
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Covenant Logistics Group, Inc.

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

Sector(s)Industrials
IndustryTrucking
Full Time Employees3,000

Key Executives

NameTitlePayExercisedYear Born
Mr. David Ray ParkerChairman & CEO1.89MN/A1958
Mr. Joey B. HoganPres1.29MN/A1962
Mr. James S. Grant IIIExec. VP & CFO368.6kN/A1979
Mr. M. Paul BunnSr. Exec. VP & COO870.47kN/A1978
Mr. Samuel F. HoughExec. VP of Expedited Operations717.64kN/A1966
Mr. John A. TweedAdvisor to CEO613.01kN/A1966
Ms. Lynn DosterExec. VP of Dedicated Operations437.16kN/A1966
Mr. James C. Heartfield ESQ.Gen. CounselN/AN/A1965
Mr. Matthew T. AndersonSr. VP of Sales & MarketingN/AN/A1964
Ms. Joey BallardExec. VP of People & SafetyN/AN/A1975
Amounts are as of December 31, 2021 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. 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.

Corporate Governance

Covenant Logistics Group, Inc.’s ISS Governance QualityScore as of November 1, 2022 is 6. The pillar scores are Audit: 3; Board: 6; Shareholder Rights: 5; Compensation: 7.

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.
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