Covenant Logistics Group amended severance agreements for executives M. Paul Bunn, James Grant, Dustin Koehl, and Joey Ballard to provide benefits upon voluntary retirement or separation. Executives providing at least 18 months' notice are entitled to six months of salary continuation and six months of COBRA reimbursement, subject to customary release and non-compete provisions. This is a material governance change as prior agreements provided no such benefits. The company operates in the transportation and logistics industry.

Covenant Logistics Group reported second quarter 2026 results with total revenue of $332.9 million, up 9.9% year-over-year, and diluted earnings per share of $0.32 compared to $0.36 in the prior year period. Adjusted diluted EPS was $0.42. The company cited higher maintenance and insurance claims expenses that offset revenue growth from improved pricing and mix shifts within its Combined Truckload segment. Net indebtedness decreased by $6.9 million to approximately $289.7 million, while available borrowing capacity under the ABL facility stood at $59.1 million. Covenant Logistics Group operates in the transportation and logistics industry, providing asset-based truckload capacity, warehousing, and freight brokerage services.

Covenant Logistics Group, Inc. entered into a Twenty-First Amendment to its Third Amended and Restated Credit Agreement with Bank of America, N.A. and JPMorgan Chase Bank, N.A. Effective June 17, 2026, the amendment isues a maximum revolver amount of $130,000,000 and extends the maturity date to June 17, 2031. The amendment also added certain acquired subsidiaries as borrowers and provided additional flexibility for the Company to incur unsecured debt. Covenant Logistics Group, Inc. operates in the transportation and logistics industry and provides various logistics services.