Wire
8:40 AM ET
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
● Oil Falls Back to $80 — Brent Down 3.2%, U.S. Crude at $78.72
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
● Oil Falls Back to $80 — Brent Down 3.2%, U.S. Crude at $78.72
Covenant Logistics
$44.83
+1.47%
Open
$44.03
Prev close
$44.18
Day high
$45.52
Day low
$43.02
As of (UTC)
2026-07-02 12:40:04
Price history
52W High
$46.44
52W Low
$18.07
Avg vol 30d
0
$18.07
$46.44
52-week range · current $44.83 at 94%
1W
+4.67%
1M
+9.08%
3M
+60.28%
6M
+92.16%
YTD
+101.03%
1Y
+74.98%
5Y
+360.50%
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$171.73 -3.08%
KNX$77.37 -0.64%
WERN$43.82 +0.48%
MRTN$17.45 +0.58%
HTLD$15.16 -0.39%
USX$24.26 -0.57%
SNDR$36.40 -0.36%
JBHT$290.07 +0.22%
CVLG$44.83 +1.47%
ODFL$217.96 +0.63%
SAIA$418.15 -0.71%
ARCB$139.82 -2.59%
XPO$207.06 +0.86%
FWRD$14.09 +4.29%
HUBG$44.78 +2.26%
FDX$313.89 +0.24%
UPS$109.54 +1.90%
CHRW$191.27 +1.56%
LSTR$207.35 +0.26%
GXO$51.28 +1.14%
RXO$27.74 +0.54%
EXPD$166.81 +2.35%
RLGT$9.52 +0.63%
ZIM$25.23 -2.96%
MATX$203.92 +6.08%
SBLK$24.81 -0.64%
SFL$10.25 +0.49%
KEX$130.97 -3.68%
NSC$318.99 +1.40%
UNP$277.73 +2.11%
CSX$48.33 +1.68%
CP$85.92 -0.84%
CNI$119.82 +0.49%
R$266.00 +0.85%
GATX$171.73 -3.08%