Averitt Invests in Drivers with Pay Increase and Simplified Compensation

COOKEVILLE, Tenn. — Averitt has announced enhancements to its LTL and regional driver compensation program, increasing top mileage pay while simplifying its pay structure to provide every truckload driver with the same base rate.

Effective Aug. 9, regional drivers will earn 66 cents per mile, an increase from the previous top rate of 64 cents per mile. The updated compensation plan also eliminates the separate pay rate for drivers without hazardous materials endorsements, bringing all regional drivers to the new 66-cent mileage rate.

Drivers who maintain a hazardous materials endorsement will continue to receive additional compensation through a new $25 accessorial payment for each hazmat load they haul.

The updated compensation package increases the average weekly pay for Averitt regional drivers to approximately $1,550, while continuing to offer comprehensive benefits and additional accessorial pay for detention, layovers, stop-offs and other services.

“Providing competitive pay is one of the many ways we demonstrate our commitment to the professional drivers who keep our customers’ freight moving,” said Barry Blakely, Averitt's president and chief operating officer. “This updated compensation plan simplifies how our drivers are paid while ensuring every truckload driver has the opportunity to earn our top mileage rate. We believe investing in our people is essential to delivering the service our customers expect.”

Averitt also increased its LTL driver compensation that became effective July 26, with increases based on location and experience.

Averitt’s associates also receive a comprehensive benefits package that includes profit sharing, affordable medical, dental, vision and prescription coverage, paid time off, retirement savings opportunities, and career advancement programs. Drivers also enjoy access to more than 2,500 parking spaces across Averitt's network, facilities with individual showers, driver lounges with TVs and Wi-Fi, eating areas equipped with ice machines, vending machines and microwaves, and a modern fleet with an average truck age of 2.6 years.

Drivers interested in joining Averitt’s team can learn more at AverittCareers.com.

About Averitt

Serving shippers for 55 years, Averitt is a leading provider of freight transportation and supply chain management solutions with an international reach of over 100 countries. Averitt's “Power of One” service structure provides shippers access to LTL, Truckload, Dedicated, Distribution & Fulfillment, Warehousing, Integrated & Global Solutions that cover every link in the supply chain. Averitt’s team has been awarded the highest honors in the industry in the past year, including three Quest for Quality Awards, numerous customer awards, and top rankings in MASTIO & Company’s shipper survey. Averitt's associates are dedicated to delivering the most reliable services within the industry and promoting a company culture centered around people, communities, sustainability, and giving back. For more information, call 1-800-AVERITT (283-7488) or visit Averitt.com.

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