3rd Marine Logistics Group

Covenant Logistics Named 2023 Top Company for Women to Work For in Transportation for Third Consecutive Year

Retrieved on: 
Wednesday, November 1, 2023

He stated, "Redefining the Road is pleased to name Covenant Logistics as a 2023 Top Company for Women to Work For in Transportation.

Key Points: 
  • He stated, "Redefining the Road is pleased to name Covenant Logistics as a 2023 Top Company for Women to Work For in Transportation.
  • Moreover, Covenant's Women of Covenant group plays a significant role in inspiring and supporting women through mentorship, education, and collaboration.
  • The recent success of the second annual Women of Covenant Conference further highlights the company's commitment to empowering women in the industry.
  • To learn more about the list of companies recognized as Top Companies for Women to Work For in Transportation, please click the Women In Trucking (WIT) link here .

Covenant Logistics Honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award

Retrieved on: 
Tuesday, October 24, 2023

CHATTANOOGA, Tenn., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. has been honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award.

Key Points: 
  • CHATTANOOGA, Tenn., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. has been honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award.
  • In an industry as dynamic and essential as trucking, the importance of diversity, equity, and inclusion cannot be overstated.
  • Recognizing this, the American Trucking Association (ATA) celebrated eight remarkable companies with the 2023 ATA Diversity Equity and Inclusion Change Leader Award at this year’s ATA Management Conference and Exhibition (MCE).
  • To learn more about our Diversity, Equity, Inclusion, and Belonging initiatives, check out our latest Belonging at Covenant document here .

Worldwide Logistics Group Appoints New Director of Air Freight to Optimize US Operations and Drive Future Growth

Retrieved on: 
Thursday, August 17, 2023

Worldwide Logistics Group (WWL), an integrated logistics provider, announced that Robert Stadnicki will join the company as National Air Freight Director where he will play a key role in overseeing WWL’s US air freight division.

Key Points: 
  • Worldwide Logistics Group (WWL), an integrated logistics provider, announced that Robert Stadnicki will join the company as National Air Freight Director where he will play a key role in overseeing WWL’s US air freight division.
  • As air cargo volumes surge, the need for specialized expertise has become imperative,” said Joe Monaghan, Chairman and CEO of Worldwide Logistics Group.
  • “With Rob joining us as our Director of Air Freight, we're strategically positioning ourselves to better address these challenges.
  • Before cargo-partner, Stadnicki was the Air Freight Operations Manager with Superior Brokerage Services and an Air Freight Operations Agent with DAMCO.

Covenant Releases 2022 Corporate Social Responsibility Report

Retrieved on: 
Thursday, June 15, 2023

CHATTANOOGA, Tenn., June 15, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. a leading provider of transportation and logistics services in the U.S., announces the release of the company’s 2022 Corporate Social Responsibility (CSR) Report .

Key Points: 
  • CHATTANOOGA, Tenn., June 15, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. a leading provider of transportation and logistics services in the U.S., announces the release of the company’s 2022 Corporate Social Responsibility (CSR) Report .
  • Key sections from this year’s report showcase Covenant’s 2022 commitment to its employees and drivers, the communities it serves and the wellbeing of our planet.
  • Highlights from this year’s report includes information on Covenant’s first Diversity, Equity, Inclusion & Belonging report , shedding light on the company's accomplishments, metrics, and initiatives in these areas.
  • Click here to see the full report and the total impact of Covenant’s 2022 CSR activities.

Horizon Air Freight and Swift Marine Merge, Creating a Marine Logistics Powerhouse

Retrieved on: 
Monday, March 27, 2023

NEW YORK, March 27, 2023 /PRNewswire/ -- Horizon Air Freight and Swift Marine announced today that they have entered a strategic business partnership and will unite as a single company, Horizon Group.  The new joint company will now offer a unique combination of marine logistics and port agency services in North America, South America, Asia, and Europe.

Key Points: 
  • "Two great companies have become one for the betterment of our clients," said Steve Leondis, CEO of Horizon Group.
  • "Together, Horizon and Swift can offer the next level in service through an even larger, stronger network for our customers."
  • "Together, Horizon and Swift can provide unmatched value for our customers," said Nico Koumbatis, CEO of Swift Marine.
  • Existing customers of Horizon and Swift Marine can take advantage of the newly integrated services immediately by reaching out to their current account representatives.

Capstone Partners Continues to Acquire Senior Talent; Strengthens Transportation, Logistics & Supply Chain Group

Retrieved on: 
Thursday, February 23, 2023

BOSTON, Feb. 23, 2023 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, is pleased to announce the addition of several senior-level professionals to the firm. This comes on the heels of doubling the firm's Debt Advisory and Specialty Situations investment banking groups. Capstone's recent hires are a significant step in the firm's ongoing growth strategy, as it seeks to expand its services and expertise in key markets following its merger with Huntington National Bank in 2022. The most recent additions include:

Key Points: 
  • Gordon Mackay , Managing Director in Capstone's Transportation & Logistics Group, brings more than 15 years of investment banking expertise focused on capital raising and strategic M&A advisory in the logistics and supply chain services and technologies space.
  • Based in New York, NY, Mackay previously led the M&A advisory practice at BG Strategic Advisors, a boutique investment bank focused on supply chain logistics.
  • Jonathan Adams, also a new Managing Director in Capstone's Transportation & Logistics Group, has over 25 years of experience in both investment banking and executive operational roles.
  • Timm Kuechle joins as a Senior Director in the Industrials Group, adding to Capstone's expertise in the industrial services space.

Resource Logistics Group Announces Proprietary Transport Analytics and Pricing Tool

Retrieved on: 
Monday, October 31, 2022

RLG's platform for achieving this, which is called the RLG Bid Tool, provides solutions to real-world challenges related to procurement events.

Key Points: 
  • RLG's platform for achieving this, which is called the RLG Bid Tool, provides solutions to real-world challenges related to procurement events.
  • This tool also assists RLG and its clients in negotiating their LTL and FTL pricing directly with carriers.
  • In addition to this, a further function of the firm's proprietary analytics tool is to set out routing guides for clients' operations.
  • By providing this in-depth transportation analytics and pricing, we are aiming to bolster the support and guidance we can give to our clients, which will in turn ensure that all logistical decisions are well-advised and data-backed," underlines Steve Huntley, President & Founder of Resource Logistics Group.

$2.1 Billion Worldwide Flame Detector Industry to 2027 - Players Include Forney, Halma, Hochiki, Honeywell and Johnson Controls - ResearchAndMarkets.com

Retrieved on: 
Monday, October 24, 2022

In the flame detector market, the triple IR flame detector segment is estimated to grow at the second highest rate during the forecast period.

Key Points: 
  • In the flame detector market, the triple IR flame detector segment is estimated to grow at the second highest rate during the forecast period.
  • The triple IR flame detectors offer the highest immunity to false alarm detection thus improving their reliability.
  • Additionally, the cost of the wired flame detector is lower compared to wireless flame detectors which driver the purchasing decision.
  • The presence of several domestic small and medium-sized flame detector players in the Asia Pacific region has created a competitive scenario for the players.

Harris Williams Advises Crash Champions on its Growth Investment from Clearlake Capital Group, L.P. and its Merger with Service King Collision

Retrieved on: 
Tuesday, August 2, 2022

Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Crash Champions, a portfolio company of A&M Capital Opportunities (AMCO), on its growth investment from Clearlake Capital Group, L.P. (together with its affiliates, Clearlake) and simultaneous merger with Service King Collision (Service King).

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Crash Champions, a portfolio company of A&M Capital Opportunities (AMCO), on its growth investment from Clearlake Capital Group, L.P. (together with its affiliates, Clearlake) and simultaneous merger with Service King Collision (Service King).
  • The combination of Crash Champions and Service King is one of the most transformative deals in the history of the collision repair industry, said Joe Conner, a managing director at Harris Williams.
  • Clearlake is a great partner for Crash Champions CEO Matt Ebert and the rest of the management team, and the combination with Service King is highly strategic.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

Covenant Logistics Group Announces New $75 Million Stock Repurchase Authorization, Agreement To Sell Excess Real Estate, and Management Promotions

Retrieved on: 
Thursday, May 19, 2022

On May 18, 2022, our board of directors approved a new stock repurchase authorization of up to $75 million following the recent completion of the previously announced $30 million 10b5-1 repurchase plan.

Key Points: 
  • On May 18, 2022, our board of directors approved a new stock repurchase authorization of up to $75 million following the recent completion of the previously announced $30 million 10b5-1 repurchase plan.
  • The expected influx of capital from the real estate sale is anticipated to increase our capital available for deployment.
  • In conjunction with the larger repurchase authorization, our recent credit agreement amendment permits unlimited stock repurchases subject to maintaining agreed availability thresholds.
  • Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States.