Covenant Logistics Group (CVLG) Registration Filing summary

Company overview and business model

• Operates as a major U.S. transportation and logistics provider, offering asset-based truckload, dedicated, expedited, asset-light warehousing, transportation management, and freight brokerage services.

• Ranked among the top 25 truckload carriers by 2024 revenue, with $1.2 billion in revenue and $2.9 million in operating income in 2025.

• Four operating segments: Expedited, Dedicated, Managed Freight (brokerage/TMS), and Warehousing.

• Maintains a fleet of 2,315 tractors and 6,611 trailers as of December 31, 2025.

• Holds a 49% stake in Transport Enterprise Leasing, participating in used equipment sales and leasing.

Financial performance and metrics

• Generated approximately $1.2 billion in total revenue and $2.9 million in operating income for 2025.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as specified in the applicable prospectus supplement.