Please use symbol entry at top right of page to search

BRIEF-Covenant Logistics Group Announces New $75 Million Stock Repurchase Authorization

May 19 (Reuters) - Covenant Logistics Group Inc (CVLG):

* PRESS RELEASE - COVENANT LOGISTICS GROUP ANNOUNCES NEW $75 MILLION STOCK REPURCHASE AUTHORIZATION, AGREEMENT TO SELL EXCESS REAL ESTATE, AND MANAGEMENT PROMOTIONS

* COVENANT LOGISTICS GROUP INC (CVLG) - HAVE AGREED TO SELL A CALIFORNIA TERMINAL

* COVENANT LOGISTICS GROUP INC (CVLG) - EXPECT TO RECORD A PRETAX GAIN ON SALE OF PROPERTY OF APPROXIMATELY $45 MILLION

* COVENANT - EXPECT TO RELOCATE PERSONNEL AND EQUIPMENT TO OTHER LOCATIONS

* COVENANT - EXPECT TO LOWER OPERATING EXPENSES ASSOCIATED WITH SOUTHERN CALIFORNIA BY APPROXIMATELY $500,000 ANNUALLY WITH NO DISRUPTION IN SERVICE Source text for Eikon: Further company coverage:

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.