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Covenant Logistics Group Inc's Business Segments
Covenant Logistics Group Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
4
Largest Segment
Dedicated
Total Revenue
$ 333
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2026
- Dedicated33.8%
- Managed Freight29.9%
- Expedited28.1%
- Warehousing8.1%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Dedicated | $ 112 | 33.8% |
| Managed Freight | $ 100 | 29.9% |
| Expedited | $ 93 | 28.1% |
1 more segments available
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Revenue by Product & Service Category - Q2 FY2026
- Cargo and Freight88.3%
- Fuel Surcharge11.5%
Revenue by Product & Service Category - Q2 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Cargo and Freight | $ 294 | 88.3% |
| Fuel Surcharge | $ 38 | 11.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Covenant Logistics Group Inc
Covenant Logistics Group Inc, also known as Covenant Transportation Group, is a freight and logistics company that provides a wide range of transportation services. The company is headquartered in Chattanooga, Tennessee, and was founded in 1986. Covenant operates through two primary segments: asset-based and non-asset based.
The asset-based segment is the largest division of the company and includes Covenant Transport, which is one of the largest truckload carriers in North America. Covenant Transport operates a large fleet of trucks, trailers, and equipment, and provides both long-haul and regional transportation services. The company primarily handles dry van, refrigerated, and dedicated transportation services. Covenant Transport has a strong presence in the United States, Mexico, and Canada and serves a wide range of industries, including retail, automotive, manufacturing, and consumer goods.
The non-asset based segment of Covenant Logistics Group includes a portfolio of subsidiary companies that provide brokerage, logistics, and intermodal services. These subsidiaries include Covenant Logistics Solutions, which offers a range of logistics services, including freight brokerage, transportation management, and warehousing solutions. Additionally, Covenant's subsidiary, Transport Enterprise Leasing, provides a wide range of transportation equipment leasing options, including trailers, power units, and specialized equipment.
Covenant Logistics Group Inc is committed to safety and has implemented comprehensive safety programs and training initiatives for its drivers and employees. The company has received numerous safety awards and recognitions, including the American Trucking Associations' President's Trophy for Outstanding Safety Performance.
In terms of technology, Covenant Logistics Group utilizes advanced software and systems to optimize operational efficiency, track shipments, and enhance customer service. They use a proprietary transportation management system that allows for real-time tracking and visibility of shipments, ensuring timely deliveries and efficient logistics.
The company is also focused on sustainability and has implemented initiatives to reduce its carbon footprint. Covenant actively participates in industry-wide efforts to promote fuel efficiency, reduce emissions, and implement sustainable practices.
Covenant Logistics Group Inc has established a reputation for providing reliable and efficient transportation services to its customers. The company's commitment to customer satisfaction is evident through its emphasis on safety, technology, and sustainability. With its extensive network, diverse services, and strong industry presence, Covenant Logistics Group Inc continues to be a leader in the freight and logistics industry.
The asset-based segment is the largest division of the company and includes Covenant Transport, which is one of the largest truckload carriers in North America. Covenant Transport operates a large fleet of trucks, trailers, and equipment, and provides both long-haul and regional transportation services. The company primarily handles dry van, refrigerated, and dedicated transportation services. Covenant Transport has a strong presence in the United States, Mexico, and Canada and serves a wide range of industries, including retail, automotive, manufacturing, and consumer goods.
The non-asset based segment of Covenant Logistics Group includes a portfolio of subsidiary companies that provide brokerage, logistics, and intermodal services. These subsidiaries include Covenant Logistics Solutions, which offers a range of logistics services, including freight brokerage, transportation management, and warehousing solutions. Additionally, Covenant's subsidiary, Transport Enterprise Leasing, provides a wide range of transportation equipment leasing options, including trailers, power units, and specialized equipment.
Covenant Logistics Group Inc is committed to safety and has implemented comprehensive safety programs and training initiatives for its drivers and employees. The company has received numerous safety awards and recognitions, including the American Trucking Associations' President's Trophy for Outstanding Safety Performance.
In terms of technology, Covenant Logistics Group utilizes advanced software and systems to optimize operational efficiency, track shipments, and enhance customer service. They use a proprietary transportation management system that allows for real-time tracking and visibility of shipments, ensuring timely deliveries and efficient logistics.
The company is also focused on sustainability and has implemented initiatives to reduce its carbon footprint. Covenant actively participates in industry-wide efforts to promote fuel efficiency, reduce emissions, and implement sustainable practices.
Covenant Logistics Group Inc has established a reputation for providing reliable and efficient transportation services to its customers. The company's commitment to customer satisfaction is evident through its emphasis on safety, technology, and sustainability. With its extensive network, diverse services, and strong industry presence, Covenant Logistics Group Inc continues to be a leader in the freight and logistics industry.
Covenant Logistics Group Inc. is a comprehensive logistics and transportation service provider, focusing primarily on various segments of the freight transport industry. The company operates within several key divisions and offers a wide array of products and services that cater to the diverse needs of its clients.
Segments
1. Truckload Services: This is one of the most significant segments for Covenant Logistics. The company offers truckload transportation, which involves moving full loads of freight directly from the shipper to the consignee. This segment includes:
- Dry Van Truckload: Transport of non-perishable goods in enclosed trailers.
- Temperature-Controlled Truckload: Transportation of perishable items that require refrigeration, such as food and pharmaceuticals.
2. Dedicated Services: Covenants offers dedicated logistics solutions tailored to the specific needs of customers. This involves providing dedicated assets and resources to ensure consistent service for particular clients, including:
- Dedicated fleet operations.
- Customized route planning and logistics management.
- On-site management for optimal efficiency.
3. Expedited Services: This segment focuses on time-sensitive deliveries. Covenant’s expedited services are designed for shipments that require faster delivery than standard freight options. Features include:
- Same-Day Delivery: Immediate solutions for urgent shipping needs.
- Next-Day Delivery: Quick turnaround for freight that must arrive within a tight timeframe.
4. Logistics Management: Covenant Logistics Group provides extensive logistics management services, which encompass:
- Supply Chain Solutions: End-to-end logistics strategies that enhance operational efficiency and reduce costs.
- Warehouse Services: Management of storage and inventory logistics, including handling, sorting, and distributing products.
- Freight Brokerage Services: Utilizing a network of carriers to arrange for the transfer of goods, providing flexibility in shipping options.
5. Intermodal Services: The company incorporates intermodal transportation, which combines different modes of transport (truck, rail, ocean) for enhanced efficiency and reaching broader markets. Benefits include:
- Cost-effective shipping solutions by utilizing multiple transportation methods.
- Environmental benefits due to reduced carbon footprint by optimizing routes.
Products and Services
Covenant Logistics Group offers a range of products and services designed to meet specific industry requirements:
- Fleet Services: The company operates a diverse fleet of trucks that are equipped with the latest technology for tracking and maintaining cargo integrity. Their fleet includes:
- Modern tractors and trailers for enhanced reliability and safety.
- GPS tracking systems that provide real-time shipment visibility.
- Custom Solutions: Understanding that each client has unique requirements, Covenant creates tailored logistics solutions. These custom offerings may include:
- Personalized logistics consulting.
- Specialized transportation for industries such as automotive, retail, industrial, and healthcare.
- Technology-Driven Solutions: The company invests in technology to enhance service delivery and operational efficiency. This includes:
- Automated systems for freight tracking and route optimization.
- Advanced transportation management systems (TMS) for effective supply chain management.
- Training and Safety Programs: Safety is of utmost importance in the logistics industry. Covenant provides extensive training programs for drivers and operations staff, focusing on:
- Safe driving practices.
- Compliance with industry regulations and standards.
- Continuous improvement in operational safety.
- Customer Support and Service: Covenant Logistics emphasizes customer service through:
- 24/7 support for clients to address any logistical challenges.
- A dedicated customer service team that collaborates with clients to ensure satisfaction.
Overall, Covenant Logistics Group Inc. positions itself as a versatile and responsive logistics partner, offering a diverse range of services and solutions tailored to meet the ever-evolving needs of industries requiring freight transport. Through their integrated approach, they strive to enhance supply chain efficiency while maintaining a strong commitment to safety and sustainability.
Segments
1. Truckload Services: This is one of the most significant segments for Covenant Logistics. The company offers truckload transportation, which involves moving full loads of freight directly from the shipper to the consignee. This segment includes:
- Dry Van Truckload: Transport of non-perishable goods in enclosed trailers.
- Temperature-Controlled Truckload: Transportation of perishable items that require refrigeration, such as food and pharmaceuticals.
2. Dedicated Services: Covenants offers dedicated logistics solutions tailored to the specific needs of customers. This involves providing dedicated assets and resources to ensure consistent service for particular clients, including:
- Dedicated fleet operations.
- Customized route planning and logistics management.
- On-site management for optimal efficiency.
3. Expedited Services: This segment focuses on time-sensitive deliveries. Covenant’s expedited services are designed for shipments that require faster delivery than standard freight options. Features include:
- Same-Day Delivery: Immediate solutions for urgent shipping needs.
- Next-Day Delivery: Quick turnaround for freight that must arrive within a tight timeframe.
4. Logistics Management: Covenant Logistics Group provides extensive logistics management services, which encompass:
- Supply Chain Solutions: End-to-end logistics strategies that enhance operational efficiency and reduce costs.
- Warehouse Services: Management of storage and inventory logistics, including handling, sorting, and distributing products.
- Freight Brokerage Services: Utilizing a network of carriers to arrange for the transfer of goods, providing flexibility in shipping options.
5. Intermodal Services: The company incorporates intermodal transportation, which combines different modes of transport (truck, rail, ocean) for enhanced efficiency and reaching broader markets. Benefits include:
- Cost-effective shipping solutions by utilizing multiple transportation methods.
- Environmental benefits due to reduced carbon footprint by optimizing routes.
Products and Services
Covenant Logistics Group offers a range of products and services designed to meet specific industry requirements:
- Fleet Services: The company operates a diverse fleet of trucks that are equipped with the latest technology for tracking and maintaining cargo integrity. Their fleet includes:
- Modern tractors and trailers for enhanced reliability and safety.
- GPS tracking systems that provide real-time shipment visibility.
- Custom Solutions: Understanding that each client has unique requirements, Covenant creates tailored logistics solutions. These custom offerings may include:
- Personalized logistics consulting.
- Specialized transportation for industries such as automotive, retail, industrial, and healthcare.
- Technology-Driven Solutions: The company invests in technology to enhance service delivery and operational efficiency. This includes:
- Automated systems for freight tracking and route optimization.
- Advanced transportation management systems (TMS) for effective supply chain management.
- Training and Safety Programs: Safety is of utmost importance in the logistics industry. Covenant provides extensive training programs for drivers and operations staff, focusing on:
- Safe driving practices.
- Compliance with industry regulations and standards.
- Continuous improvement in operational safety.
- Customer Support and Service: Covenant Logistics emphasizes customer service through:
- 24/7 support for clients to address any logistical challenges.
- A dedicated customer service team that collaborates with clients to ensure satisfaction.
Overall, Covenant Logistics Group Inc. positions itself as a versatile and responsive logistics partner, offering a diverse range of services and solutions tailored to meet the ever-evolving needs of industries requiring freight transport. Through their integrated approach, they strive to enhance supply chain efficiency while maintaining a strong commitment to safety and sustainability.