Tripp Grant
Host
Replay available
Covenant Logistics Group, Inc. Class A (NYSE: CVLG) Q3 2025 earnings conference call, held 2025-10-23. Replay captured from the company's public earnings webcast.

Host
Chief Executive Officer
President
Analyst, Wolfe Research
Analyst, TD Cowan
Analyst, Vertical Research Partners
Watch the replay and follow the connected company analysis, news, and investor updates for Covenant Logistics Group, Inc..
WEBVTT 00:00:00.031 -- 00:00:05.137 Welcome to today's Covenant Logistics Group Q3 2025 00:00:05.137 -- 00:00:06.719 Earnings 00:00:06.719 -- 00:00:11.965 Release and Investor Conference Call. Our host for today's call is Tripp 00:00:11.965 -- 00:00:17.632 Grant. At this time, all participants are in a listen-only mode. 00:00:17.632 -- 00:00:21.636 Later, we will conduct a question and answer session. 00:00:21.636 -- 00:00:24.800 I would now like to turn the call over to your host, Mr. 00:00:24.800 -- 00:00:28.178 Grant. You may begin, sir. 00:00:28.178 -- 00:00:33.325 Good morning, everyone, and welcome to the Covenant Logistics Group third quarter 2025 00:00:33.325 -- 00:00:38.531 conference call. As a reminder, this call will contain forward-looking statements 00:00:38.531 -- 00:00:43.918 under the Private Securities Litigation Reform Act, which are subsequent to risks 00:00:43.918 -- 00:00:48.464 and uncertainties that could cause actual results to differ materially. 00:00:48.464 -- 00:00:52.770 Please review our SEC filings and most recent risk factors. 00:00:52.770 -- 00:00:58.874 We undertake no obligation to publicly update or revise any forward-looking statements. 00:00:58.874 -- 00:01:04.101 Our prepared comments and additional financial information are available on our website 00:01:04.101 -- 00:01:06.461 at www.covenantlogistics.com 00:01:07.425 -- 00:01:09.628 slash investors. 00:01:09.628 -- 00:01:14.674 Joining me today are CEO David Parker, President Paul Bunn, 00:01:14.674 -- 00:01:17.698 and COO Dustin Koehl. 00:01:17.698 -- 00:01:21.123 Our business remained resilient in the third quarter. 00:01:21.123 -- 00:01:26.129 Although margins were compressed, particularly in our asset-based truckload segments, 00:01:26.129 -- 00:01:31.196 due to an inflati...