We expect that MasterMind® will play a key role in our digital transformation strategy moving forward
Chattanooga, TN — June 16, 2022 — Covenant Logistics Group, Inc. is excited to announce a strategic partnership with Mastery Logistics Systems to implement its MasterMind® TMS, a cloud-based transportation management platform. Covenant Logistics chose Mastery as a major technology partner due to its emphasis on providing best-in-class solutions to large, operationally complex organizations. We believe MasterMind® will enable Covenant Logistics to operate on a single platform and will allow for significant increases in internal efficiency, automation, visibility and productivity. “We expect that MasterMind® will play a key role in our digital transformation strategy moving forward,” said Eric Whitton, Covenant’s SVP of Technology. “Mastery and Covenant have a shared vision in that we aim to provide solutions that quickly adapt to market changes, provide efficiencies and simplify complex technology.”
Covenant plans to implement MasterMind® using a phased approach, first in its Managed Freight division which includes brokerage and managed transportation services. Covenant plans to implement MasterMind® in other applicable lines of business over the coming years as well. “We are excited about our partnership with Mastery and look forward to leveraging their robust automation and analytics tools,” stated Paul Bunn, Chief Operating Officer of Covenant. “We believe Mastery will enable Covenant to provide a more seamless experience to our customers and increase collaboration and optimization internally.”
“Covenant is consistently recognized for providing continuous value and data-driven solutions to customers, so we are thrilled to be a part of their future technology strategy.” Jeff Silver, Chief Executive Officer of Mastery Logistics shared. “We are committed to embracing very complex challenges in the industry and simplifying them with our technology,” stated Darren Cockrel, Chief Technology Officer of Mastery. “We believe our TMS will enable productivity gains for Covenant across their portfolio of services.”
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant's Class A common stock is traded on the NASDAQ Global Select Market® under the symbol, “CVLG.”
Mastery Logistics Systems was established in 2019 with the mission to help large carriers, logistics service providers and shippers manage complex transportation needs in an efficient, cohesive and intelligent way. Mastery is led by founder, Jeff Silver, whose previous systems and teams have powered some of the largest logistics companies in North America for over four decades. Mastery is building logistics solutions and systems from the ground up with a growing team of engineering, programming and implementation experts.
Mastery’s MasterMind® TMS is a comprehensive cloud-based SaaS transportation management system, designed to be the World’s First Lovable TMS™. MasterMind® TMS is built for size, stability, speed and automation, providing unprecedented visibility and control by embracing the complexity that is the reality of the supply chain world.
To learn more about Mastery Logistics Systems, visit Mastery.net.
This press release contains certain statements related to Covenant Logistics Group, Inc. that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. Such statements are made based on the current beliefs and expectations of Covenant Logistics Group, Inc. and are subject to significant risks and uncertainties. Actual results or events may differ from those anticipated by forward-looking statements. Please refer to various disclosures by Covenant Logistics Group, Inc. in its press releases, stockholder reports, and filings with the Securities and Exchange Commission for information concerning risks, uncertainties, and other factors that may affect Covenant Logistics Group, Inc.’s future results.
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