Covenant Logistics Eyes Higher-Return Growth as Freight Markets Recover
Covenant Logistics (CVLG) expects improving freight markets in 2026, with potential fleet expansion to 2,400-2,500 trucks in 2027. The company has reduced its fleet size and focuses on high-return businesses. Acquisitions in poultry and defense freight have driven growth, with EBITDA expected to reach $175M-$185M at current scale. Debt is around $280M, and the company has repurchased 25% of its shares over five years.





