Description of Covenant Logistics Group Inc's Business Segments

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.

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Composition of Covenant Logistics Group Inc Revenues by Segments


Cargo and Freight	172.84 %	of total Revenue
Fuel Surcharge	19.05 %	of total Revenue
Expedited	53.5 %	of total Revenue
Dedicated	64.83 %	of total Revenue
Managed Freight	57.16 %	of total Revenue
Warehousing	16.4 %	of total Revenue
Member	191.89 %	of total Revenue
Reporting Reconciling Item Excluding Corporate Nonsegment	0.39 %	of total Revenue

Q2 three months ended (Jun 30 2026)
Revenues by Business Segments	Revenues (in millions $)	% (of total Revenues)
Cargo and Freight	575.32	172.84 %
Fuel Surcharge	63.42	19.05 %
Expedited	178.09	53.5 %
Dedicated	215.79	64.83 %
Managed Freight	190.27	57.16 %
Warehousing	54.59	16.4 %
Member	638.74	191.89 %
Reporting Reconciling Item Excluding Corporate Nonsegment	1.30	0.39 %
Total	332.87	100 %

Q2 three months ended (Jun 30 2026)
Revenue Growth rates by Segment	Y/Y Revenue %	Q/Q Revenue %
Cargo and Freight	108.05 %	104.53 %
Fuel Surcharge	140.92 %	151.29 %
Expedited	-	110.33 %
Dedicated	110.98 %	108.65 %
Managed Freight	145.36 %	109.71 %
Warehousing	112.17 %	97.01 %
Member	-	-
Reporting Reconciling Item Excluding Corporate Nonsegment	-	106.04 %
Total	9.91 %	8.37 %

Q2 three months ended (Jun 30 2026)
Income by Business Segments	Income (in millions $)	% (Profit Margin)
Expedited	11.21	6.29 %
Dedicated	13.37	6.19 %
Managed Freight	5.44	2.86 %
Warehousing	3.35	6.14 %
Member	34.66	5.43 %
Total	8.54	2.56 %

Q2 three months ended (Jun 30 2026)
Income Growth rates by Segment	Y/Y Income %	Q/Q Income %
Expedited	-	-
Dedicated	-	-
Managed Freight	-	-
Warehousing	-	-
Member	-	-
Total	-13.26 %	93.1 %

Annual Report on Covenant Logistics Group Inc Divisions, Sales by Country


Cargo and Freight	90.91 %	of total Revenue
Fuel Surcharge	9.04 %	of total Revenue
Dedicated	34.62 %	of total Revenue
Managed Freight	24.63 %	of total Revenue
Warehousing	0.39 %	of total Revenue
Dedicated Cargo and Freight	30.45 %	of total Revenue
Dedicated Fuel Surcharge	4.17 %	of total Revenue
Managed Freight Cargo and Freight	24.63 %	of total Revenue
Warehousing Cargo and Freight	8.58 %	of total Revenue
Warehousing Fuel Surcharge	0.05 %	of total Revenue
Highway Services	5.88 %	of total Revenue
Highway Services Cargo and Freight	27.24 %	of total Revenue
Highway Services Fuel Surcharge	4.82 %	of total Revenue
Highway Services Expedited	32.06 %	of total Revenue
Managed Freight Warehouse	8.64 %	of total Revenue
Other Segment	0.05 %	of total Revenue
Subtotal Revenue	99.95 %	of total Revenue
Other Revenue	0.05 %	of total Revenue
Dedicated Subtotal Revenue	34.62 %	of total Revenue
Managed Freight Subtotal Revenue	24.63 %	of total Revenue
Warehousing Subtotal Revenue	8.64 %	of total Revenue
Expedited Subtotal Revenue	32.06 %	of total Revenue

Twelve months ended 2025
CVLG s Annual Revenue by Geography and Business Segments	Sales (in millions $)	% (of total Sales)
Cargo and Freight	1,058.60	90.91 %
Fuel Surcharge	105.24	9.04 %
Dedicated	403.18	34.62 %
Managed Freight	286.81	24.63 %
Warehousing	4.54	0.39 %
Total	1,164.47	100 %
Dedicated Cargo and Freight	354.63	30.45 %
Dedicated Fuel Surcharge	48.55	4.17 %
Managed Freight Cargo and Freight	286.81	24.63 %
Warehousing Cargo and Freight	99.95	8.58 %
Warehousing Fuel Surcharge	0.61	0.05 %
Highway Services	68.46	5.88 %
Highway Services Cargo and Freight	317.22	27.24 %
Highway Services Fuel Surcharge	56.08	4.82 %
Highway Services Expedited	373.29	32.06 %
Managed Freight Warehouse	100.56	8.64 %
Other Segment	0.64	0.05 %
Subtotal Revenue	1,163.84	99.95 %
Other Revenue	0.64	0.05 %
Dedicated Subtotal Revenue	403.18	34.62 %
Managed Freight Subtotal Revenue	286.81	24.63 %
Warehousing Subtotal Revenue	100.56	8.64 %
Expedited Subtotal Revenue	373.29	32.06 %

Twelve months ended 2025
CVLG s Annual Income by Country and Business Segments	Income (in millions $)	% (Profit Margin)
Total	7.24	0.62 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments	% Y/Y Sales Growth	% Y/Y Income Growth
Cargo and Freight	4.4 %	-
Fuel Surcharge	-10.46 %	-
Dedicated	10.64 %	-
Managed Freight	15.21 %	-
Warehousing	-6.62 %	-
Total	2.92 %	-79.85 %
Dedicated Cargo and Freight	11.59 %	-
Dedicated Fuel Surcharge	4.13 %	-
Managed Freight Cargo and Freight	15.21 %	-
Warehousing Cargo and Freight	-0.57 %	-
Warehousing Fuel Surcharge	-46.94 %	-
Highway Services	4.36 %	-
Highway Services Cargo and Freight	-8.5 %	-
Highway Services Fuel Surcharge	-19.62 %	-
Highway Services Expedited	-10.37 %	-
Managed Freight Warehouse	-1.09 %	-
Subtotal Revenue	2.86 %	-
Dedicated Subtotal Revenue	10.64 %	-
Managed Freight Subtotal Revenue	15.21 %	-
Warehousing Subtotal Revenue	-1.09 %	-
Expedited Subtotal Revenue	-10.37 %	-

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