Covenant Logistics Eyes Higher-Return Growth as Freight Markets Recover

Covenant Logistics Group is executing a strategic transformation away from competing primarily on volume and rate within the commoditized trucking market toward specialized services where it can differentiate and generate more consistent returns. The company currently operates approximately 2,200 tractors, more than 5 million square feet of warehouse space and employs nearly 5,000 people. Annual revenue stands at just over $1 billion, with roughly 65% derived from asset-based operations such as