Covenant Logistics Group announced Thursday it has completed the acquisition of AAT Carriers, which will become part of Covenant’s expedited segment.
Covenant also announced a plan to buy back up to $30 million of its Class A common stock.
“Today’s announcements, along with the recent announcement of our first quarterly dividend, are consistent with our capital allocation strategy and commitment to delivering stockholder value,” David Parker, Covenant’s chairman and CEO, said in a statement....
https://www.freightwaves.com/news/covenant-acquires-hazmat-hauler-announces-stock-buyback