Tranche Update on Covenant Logistics Group, Inc.'s Equity Buyback Plan announced on January 26, 2021.
August 05, 2021 at 08:42 am
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From April 1, 2021 to June 30, 2021, the company has repurchased 11,750 shares, representing 0.07% for $0.25 million. With this, the company has completed the repurchase of 470,077 shares, representing 2.75% for $8.47 million under the buyback announced on January 26, 2021.
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. The Companyâs primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management and freight brokerage capability. Its asset-based transportation services include two segments: Expedited and Dedicated. The Expedited segment primarily provides truckload services to customers. The Dedicated segment provides customers with committed truckload capacity over contracted periods. The Managed Freight segment includes its brokerage services and transportation management services (TMS). The Warehousing segment provides day-to-day warehouse management services for customers who have chosen to outsource this function. It also provides shuttle and switching services related to shuttling containers and trailers in or around freight yards and to/from warehouses.