First look: Covenant Logistics’ Q3 freight revenue surges 68%
Published . Updated .
Covenant Logistics Group reported a 19.2% increase in third-quarter revenue to $353.9 million, fueled by rapid growth in its managed freight segment.
Directly affected
- CVLG Covenant Logistics Group-14.8% 30d
Named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+25.1% 18d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- UPS United Parcel Service+3.1% 15d
United Parcel Service (trucking and courier services (no air)): freight and delivery firms move with trade volumes. Linked by “logistics” (transport and logistics) in this story.
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- UNP Union Pacific+4.4% 30d
Union Pacific (railroads, line-haul operating): freight and delivery firms move with trade volumes. Linked by “logistics” (transport and logistics) in this story.
- FDX FedEx-0.4% 30d
FedEx (air courier services): freight and delivery firms move with trade volumes. Linked by “logistics” (transport and logistics) in this story.
- MATX Matson-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CVLG | +1.39% | +4.05% | base | after close | after close | after close | after close |
| BWET | -4.39% | -4.27% | base | after close | after close | after close | after close |
| IYT | -1.72% | +0.71% | base | after close | after close | after close | after close |
| UPS | -5.83% | -1.09% | base | after close | after close | after close | after close |
| ZIM | +0.38% | +1.68% | base | after close | after close | after close | after close |
| UNP | -2.98% | -0.67% | base | after close | after close | after close | after close |
| FDX | -2.96% | -0.20% | base | after close | after close | after close | after close |
| MATX | +0.75% | +2.33% | base | after close | after close | after close | after close |
| DAC | -0.53% | -1.04% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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First look: Covenant Logistics’ Q3 freight revenue surges 68% FreightWaves
Source: FreightWaves
How far Amplify Commodity Trust (BWET) has moved since 29 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | -4.27% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -4.39% | final price |
| CVLG | three days earlier | +4.05% | final price |
| CVLG | five days earlier | +1.39% | final price |
| Danaos (DAC) | three days earlier | -1.04% | final price |
| Danaos (DAC) | five days earlier | -0.53% | final price |
| Fedex (FDX) | three days earlier | -0.20% | final price |
| Fedex (FDX) | five days earlier | -2.96% | final price |
| Ishares Tr (IYT) | three days earlier | +0.71% | final price |
| Ishares Tr (IYT) | five days earlier | -1.72% | final price |
| Matson (MATX) | three days earlier | +2.33% | final price |
| Matson (MATX) | five days earlier | +0.75% | final price |
| Union Pacific (UNP) | three days earlier | -0.67% | final price |
| Union Pacific (UNP) | five days earlier | -2.98% | final price |
| United Parcel Service (UPS) | three days earlier | -1.09% | final price |
| United Parcel Service (UPS) | five days earlier | -5.83% | final price |
| ZIM Integrated Shipping Services (ZIM) | three days earlier | +1.68% | final price |
| ZIM Integrated Shipping Services (ZIM) | five days earlier | +0.38% | final price |
Congressional stock trades in Amplify Commodity Trust (BWET)
- Rep. Rick Larsen sold Fedex (FDX), worth $1,001 - $15,000 on 8 Oct 2026. That is 21 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Fedex (FDX) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Fedex (FDX), worth $1,001 - $15,000 on 24 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Amplify Commodity Trust (BWET)
Companies carried with this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “First look: Covenant Logistics’ Q3 freight revenue surges 68%.” Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- IYT Ishares Tr
Ishares Tr (IYT) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “First look: Covenant Logistics’ Q3 freight revenue surges 68%.” Reason on file: iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- ZIM ZIM Integrated Shipping Services
For “First look: Covenant Logistics’ Q3 freight revenue surges 68%,” ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence. Reason on file: ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- UPS United Parcel Service
In “First look: Covenant Logistics’ Q3 freight revenue surges 68%,” United Parcel Service (UPS) is linked, with no stored direction, medium confidence. Reason on file: United Parcel Service (trucking and courier services (no air)): freight and delivery firms move with trade volumes. Linked by “logistics” (transport and logistics) in this story
- FDX Fedex
Fedex (FDX) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “First look: Covenant Logistics’ Q3 freight revenue surges 68%.” Reason on file: FedEx (air courier services): freight and delivery firms move with trade volumes. Linked by “logistics” (transport and logistics) in this story
- UNP Union Pacific
In “First look: Covenant Logistics’ Q3 freight revenue surges 68%,” Union Pacific (UNP) is linked, with no stored direction, medium confidence. Reason on file: Union Pacific (railroads, line-haul operating): freight and delivery firms move with trade volumes. Linked by “logistics” (transport and logistics) in this story
- MATX Matson
For “First look: Covenant Logistics’ Q3 freight revenue surges 68%,” Matson (MATX) is linked, with no stored direction, medium confidence. Reason on file: Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- DAC Danaos
In “First look: Covenant Logistics’ Q3 freight revenue surges 68%,” Danaos (DAC) is linked, with no stored direction, medium confidence. Reason on file: Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
Amplify Commodity Trust (BWET) and the shipping link
On 29 Oct 2026, “First look: Covenant Logistics’ Q3 freight revenue surges 68%” is the story that connects Amplify Commodity Trust (BWET) to Shipping.
The link for Amplify Commodity Trust (BWET) is this: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
Also listed, Ishares Tr (IYT): iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
Price levels for Amplify Commodity Trust (BWET)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. ZIM traded between 28.73 and 30.98 across 20 sessions. The latest close on file is 29.73.
A simple score for Amplify Commodity Trust (BWET)
46 out of 100
“First look: Covenant Logistics’ Q3 freight revenue surges 68%” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.