Wire
12:23 PM ET
What does a 3-truck fleet need to qualify for freight factoring?
● Dry Van Spot Rates Hit $2.14/Mile, Up 31% as Volumes Fall
● Prime Sues IRS for $11M Reefer Fuel Tax Refund Owner-Operators Can Claim Too
● Carriers Report Improved Conditions as Freight Market Optimism Grows
● Major Carriers Still Betting on Diesel Through 2030s
● Dedicated Fleets Lock Rates as Spot Jumps 21% and Capacity Exits
● Spot Rates Up 50% Year-Over-Year as Mid-June Slump Hits Demand
● Brent Crude Down 2.8% to $78.34 as Iran Talks Continue
● TFS and WEX launch equipment financing for carriers after 3-year freeze
● Tender Rejections Hit 16.5% — Market Won't Balance Until Late 2027
● Iran Reopens Hormuz, Oil Flows Again Under U.S. Deal
● Cushing Oil Tanks Drain Near Empty as Diesel Feedstock Tightens
● Intermodal Volume Up 10.9% as Truckload Rates Push Freight to Rail
● Brent Crude Falls to $78.36 — Down $1.19 as Iran War Premium Fades
What does a 3-truck fleet need to qualify for freight factoring?
● Dry Van Spot Rates Hit $2.14/Mile, Up 31% as Volumes Fall
● Prime Sues IRS for $11M Reefer Fuel Tax Refund Owner-Operators Can Claim Too
● Carriers Report Improved Conditions as Freight Market Optimism Grows
● Major Carriers Still Betting on Diesel Through 2030s
● Dedicated Fleets Lock Rates as Spot Jumps 21% and Capacity Exits
● Spot Rates Up 50% Year-Over-Year as Mid-June Slump Hits Demand
● Brent Crude Down 2.8% to $78.34 as Iran Talks Continue
● TFS and WEX launch equipment financing for carriers after 3-year freeze
● Tender Rejections Hit 16.5% — Market Won't Balance Until Late 2027
● Iran Reopens Hormuz, Oil Flows Again Under U.S. Deal
● Cushing Oil Tanks Drain Near Empty as Diesel Feedstock Tightens
● Intermodal Volume Up 10.9% as Truckload Rates Push Freight to Rail
● Brent Crude Falls to $78.36 — Down $1.19 as Iran War Premium Fades
Covenant Logistics
$43.95
-1.96%
Open
$44.91
Prev close
$44.83
Day high
$45.47
Day low
$43.31
As of (UTC)
2026-07-03 16:20:07
Price history
52W High
$46.44
52W Low
$18.07
Avg vol 30d
0
$18.07
$46.44
52-week range · current $43.95 at 91%
1W
-0.27%
1M
+4.10%
3M
+57.13%
6M
+88.38%
YTD
+97.09%
1Y
+70.81%
5Y
+351.46%
Company
Covenant Logistics Group Inc
Industry
Road & Rail
IPO
Oct 28, 1994
Market cap
$1.13B
Shares out
25.17M
Latest quarter
Revenue
$307.16M
▲ +14.0% YoY
Net income
$4.42M
▼ -32.7% YoY
EPS (diluted)
$0.17
▼ -29.2% YoY
Op. cash flow
$28.96M
75%
Recent news
Recent SEC filings
Analyst consensus
Strong buy
Buy
Hold
Sell
Strong sell
Jun '26
May '26
Apr '26
Mar '26
Feb '26
Quarterly financials
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $307.16M | — | — | — | $269.36M | — | — | — | $278.76M | — | — | — | $266.85M | — | — | — | $291.59M | — | — | — |
| Operating income | $6.28M | — | — | — | $7.63M | — | — | — | $4.34M | — | — | — | $17.63M | — | — | — | $23.85M | — | — | — |
| Net income | $4.42M | — | — | $9.84M | $6.56M | — | — | $12.19M | $3.97M | — | — | $12.29M | $16.64M | — | — | $24.53M | $22.17M | — | — | $15.42M |
| Op. cash flow | $28.96M | — | — | — | $24.83M | — | — | — | $21.70M | — | — | — | $7.25M | — | — | — | $39.42M | — | — | — |
| EPS (diluted) | $0.17 | — | — | — | $0.24 | — | — | — | $0.14 | — | — | — | $1.20 | — | — | — | $1.32 | — | — | — |
| EPS (basic) | $0.18 | — | — | — | $0.25 | — | — | — | $0.15 | — | — | — | $1.25 | — | — | — | $1.34 | — | — | — |
| Total assets | $1.02B | $1.05B | $1.03B | $1.01B | $979.97M | $997.57M | $1.01B | $994.99M | $943.43M | $954.44M | $892.16M | $870.51M | $764.86M | $796.65M | $756.72M | $701.02M | $660.07M | $651.66M | $703.95M | $663.74M |
| Long-term debt | $201.39M | $234.05M | $203.91M | $214.10M | $182.35M | $187.09M | $192.46M | $197.35M | $187.40M | $196.89M | $153.64M | $163.20M | $95.79M | $90.37M | $69.56M | $48.05M | $43.17M | $20.35M | $22.02M | $38.70M |
| Stockholder eq. | $407.61M | $404.00M | $423.72M | $416.87M | $443.64M | $438.34M | $431.55M | $419.37M | $407.25M | $403.42M | $394.02M | $379.66M | $371.16M | $377.13M | $380.11M | $356.03M | $358.88M | $349.70M | $329.90M | $313.54M |
Source: SEC EDGAR XBRL filings. Discrete quarter figures derived from each 10-Q (or 10-K for fiscal-year close). Negative values shown in red.
Data is provided for informational purposes only and is not investment advice. Quotes may be delayed by up to 5 minutes. SEC filing metadata is pulled from EDGAR; analyst consensus from Finnhub. Carrier Atlas is not a registered broker-dealer or investment adviser.
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GATX$173.70 +1.15%
KNX$76.37 -1.29%
WERN$43.22 -1.37%
MRTN$17.48 +0.17%
HTLD$14.92 -1.58%
USX$24.15 -0.45%
SNDR$35.81 -1.62%
JBHT$285.87 -1.45%
CVLG$43.95 -1.96%
ODFL$217.69 -0.12%
SAIA$416.73 -0.34%
ARCB$139.70 -0.09%
XPO$206.37 -0.33%
FWRD$13.47 -4.40%
HUBG$44.96 +0.40%
FDX$313.04 -0.27%
UPS$110.69 +1.05%
CHRW$189.88 -0.73%
LSTR$208.25 +0.43%
GXO$51.97 +1.35%
RXO$26.62 -4.04%
EXPD$167.60 +0.47%
RLGT$9.50 -0.21%
ZIM$25.58 +1.39%
MATX$203.57 -0.17%
SBLK$25.17 +1.45%
SFL$10.60 +3.41%
KEX$129.87 -0.84%
NSC$322.75 +1.18%
UNP$282.29 +1.64%
CSX$48.91 +1.20%
CP$87.81 +2.20%
CNI$121.59 +1.48%
R$260.76 -1.97%
GATX$173.70 +1.15%