Averitt implements historic driver pay increases; announces additional benefits

July 13, 2022 (Cookeville, Tenn.) - Averitt Express, a Tennessee-based provider of freight transportation and supply chain management, recently announced several changes to its compensation packages, including an historic pay increase for its less-than-truckload (LTL) group, a new guaranteed weekly minimum for its regional and flatbed drivers, and a shorter waiting period in receiving benefit coverage for new hires.

"Averitt is committed to taking meaningful steps to provide an exceptional experience for our associates that further establishes us as the employer of choice in our industry," said Wayne Spain, president. "It is an exciting time for Averitt right now. Coming off our 50th anniversary, we have seen incredible growth and success over the last 18 months, and it is because of that we are able to make these changes to our driver pay to remain one of the top paying carriers in the industry."

The new LTL pay increase, one of the largest in Averitt's history, went into effect in May for driving associates but also covered some other positions in the group.

Averitt also established a weekly minimum guarantee of $1,250 for its truckload regional and flatbed drivers.

In addition to the changes in pay, Averitt also shortened its waiting period for benefits to just 30 days. This change applies to all full-time new hires and rehires and includes coverage for benefits such as medical/dental/vision insurance, FSA/HSA, 401(k), company provided life insurance, and holiday pay. In addition, associates can enjoy paid time off after 90 days rather than a full year. The company's generous profit-sharing plan applies to both full- and part-time associates.

"It is a priority for us to take care of our associates with comprehensive benefits, and now our associates can take advantage of these benefits even earlier," said Spain. "Our outstanding benefits support the well-being of our associates and their families. That is an investment in our greatest asset -- our people."

For more information on Averitt careers, visit averittcareers.com.

About Averitt Express

Serving shippers for over 50 years, Averitt is a leading transportation employer with 100+ locations throughout the United States. In its 50-year history, Averitt has developed amenities to serve its driving force, including state-of-the-art facilities, driver support centers for over-the-road drivers, dynamic safety technology, finishing schools, driver training programs and more. With a strong benefits package, including health, dental and vision insurance, company-funded profit-sharing retirement plan, incentive program for referrals, uniform credit and paid holidays, Averitt associates enjoy "more than cents per mile." These benefits combined with a team-oriented culture and opportunities for career growth, help associates work together to succeed and serve customers. For more information about Averitt, as well as a list of job openings, call or text 1-888-AVERITT or visit AverittCareers.com.