2024/2025 CORPORATE RESPONSIBILITY
TABLE OF CONTENTS
A Message From Our Chairman ............................ 03 Introduction. ..........................................04 About Averitt . ............................ 05 Awards and Recognitions.....................06 About This Report.................................07 Governance...........................................08 CSR Steering Committee......................09 SASB/Materiality/Risk..................... 10-13 The Power of One.................................14 The Winner’s Circle................................15
People . ....................................... 16 Our Driving Force Is People..................17 Our Commitment in Action.............18-19 Health and Wellness..............................20 Safety............................................... 21-22 Equal Opportunity Workplace...............23 Honoring Our Nation’s Veterans............24 The Over 20 Team.................................25 Our Ethical Standards...........................26 Philanthropy..................................... 27-28
Environment ............................... 29 A Message From Our President/COO...30 SmartWay ® Founding Member..............31 CO 2 e Reductions and Metrics...............32 Emissions, Energy Savings....................33 Waste Reduction, Recycling..................34 Total Annual CO 2 e Reduction................35 Scope 3 Emissions.................................36 Training. .................................................. 37 Procurement and Partnerships..............38 Supplier Engagement.............................39 Environmental Policy..............................40 Green Awards and Recognition.............41 Driven To Do More..................................42
Appendix ..................................... 43 SASB Results.........................................44 GHG Methodology.................................45 Security, Ethics, and Human Rights Policies and Practices............................46 Workforce Metrics..................................50 Associate Feedback Practices...............51 Career Planning and Training.................52
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At Averitt, we know the way we operate today helps shape the world we’ll share tomorrow. A MESSAGE FROM OUR CHAIRMAN
That long-term mindset has guided our approach to sustainability and social responsibility across every part of our business. In 2025, that commitment was honored with the Governor’s Environmental Stewardship Award – Tennessee’s highest environmental recognition. The award celebrates meaningful progress in areas like clean air, energy efficiency, and natural resource conservation. For us, it reflects the work our team puts in every day to reduce our carbon footprint and create a stronger, more sustainable future for all of us. We know that real impact takes more than good intentions. It takes collaboration – with our customers, associates, communities, and partners across the industry. It takes innovation, a willingness to challenge old habits, and a culture that values people as much as performance.
That’s the road we’re on. And while we’re proud of how far we’ve come, we’re even more excited and focused on what lies ahead. Thank you for being part of the journey.
Gary Sasser Chairman and CEO • Averitt
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To that end, our Corporate Social Responsibility (CSR) Report outlines our holistic approach to sustainable and ethical business practices, and highlights our ongoing commitment to:
That means more than environmental stewardship – it means conducting business in a way that supports people, strengthens communities, and operates with integrity at every level. As a privately held company, we’ve always believed in doing things the right way. From reducing emissions and resource usage to fostering a culture of respect and giving back to the places we call home, we’re committed to creating long-term value for everyone we serve. This mindset has guided us since day one – and it continues to shape every mile forward. As one of the nation’s leading transportation and logistics providers, we recognize our responsibility to lead by example.
Prioritizing associate safety, well-being, and career development
Investing in cutting- edge green fleet and fuel technologies
Encouraging team members to get involved in their communities
Creating a culture where everyone feels respected
Investing in sustainable facilities with a focus on renewable energy
Optimizing our logistics networks to reduce waste and emissions
Upholding the highest standards
Pioneering efficient processes that conserve natural resources
across our operations
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ABOUT AVERITT
Founded in 1958 by Thurman Averitt and acquired by Gary Sasser in 1971, Averitt has grown into one of the nation’s most awarded freight transportation and logistics providers. Headquartered in Cookeville Tennessee, we operate a network of facilities and service centers across the United States. Our business is organized into five interconnected service units. This unique, “all under one roof” structure allows us to offer comprehensive transportation and logistics services that meet the evolving needs of customers in over 100 countries.
HEADQUARTERS Cookeville, Tennessee
FACILITIES 193 Locations
ASSOCIATES 8,000 Full and Part Time Approx.
ANNUAL MILES 325,350,981 Approx.
FLEET 13,500 Trailers /4,000 Tractors Approx.
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Tennessee Department of Environment and Conservation • Governor’s Environmental Stewardship Award Mastio • #1 Overall LTL Carrier • #1 Most Recommended LTL Carrier • #1 Inter-Regional LTL Carrier Quest for Quality Awards 8 Awards, Including: • South/South Regional LTL • Truckload Dry Freight • Expedited Services Parnelli • Trucking Company of the Year GEODIS • LTL Carrier of the Year Inbound Logistics • Green Supply Chain Partner Forbes • Best-in-State Employers List Trane Technologies • Logistics Supplier of the Year Heavy Duty Trucking • Top Green Fleet EcoVadis • Committed Badge
Awards don’t define us – our people do. But we’re always happy when others take notice. Every recognition we receive – from customers, industry, and national publications – is a reflection of our team’s hard work, high standards, and commitment to doing things the right way.
This is a partial list of our recognitions between 2024 and 2025. You can find the full list at Averitt.com/Awards.
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ABOUT THIS REPORT Averitt adheres to the Sustainability Accounting Standards Board (SASB) framework to guide our reporting on key issues in the road transportation sector. This report covers all of Averitt’s assets, full- and part-time associates, and operations under Averitt’s control. A detailed summary of our disclosures and key performance indicators (KPIs) can be found in the Appendix.
Some figures in this report were originally provided in CO₂ rather than CO₂e. The difference between the two is typically less than 0.3%, as CO₂e includes the minor additional impact of other greenhouse gases such as methane and nitrous oxide. To maintain consistency with industry standards and sustainability frameworks, Averitt reports total emissions and reductions in CO₂e.
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Gary Sasser Chairman and CEO
GOVERNANCE Averitt is a privately held company guided by a dedicated Executive Team that ensures the organization remains aligned with its core values and strategic objectives. Led by our CEO and COO, this team is committed to upholding the highest standards of leadership, ethics, and operational excellence. The Executive Team provides oversight for critical areas of the business – from financial stewardship and long-term planning to safety, associate well-being, and environmental responsibility. Their role is not only to drive performance but to ensure Averitt’s culture and values remain strong as we grow.
Gary Sasser has been leading Averitt since he acquired the company in 1971. Under his leadership, Averitt has grown into a leading freight transportation and logistics provider.
Barry Blakely President and COO
Barry Blakely joined Averitt in 1986, starting with the sales team in Atlanta. He quickly moved up to become the Service Center Director in Birmingham, later serving in regional leadership roles and as Vice President of Operations. All governance responsibilities fall under his guidance and oversight.
Kent Williams Executive Vice President, Sales & Marketing Kent Williams began his Averitt career in 1987 when he joined our Cookeville sales team. Kent currently drives our sales and marketing efforts, focusing on expanding our customer reach and building strong customer relationships.
Johnny Fields Executive Vice President and CFO
A part of Averitt since 1996, Johnny Fields was promoted to his current position in 2018. Johnny is responsible for managing the company’s financial strategies, ensuring fiscal health, and guiding long-term financial planning to support Averitt’s continued growth and success.
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COMMITTEE OBJECTIVES INCLUDE:
Developing an Environmental Policy: This policy serves as the backbone of our efforts, guiding our environmental performance and ensuring alignment with our sustainability goals.
Creating a Greenhouse Gas (GHG) Inventory: Compliant with the GHG Protocol, this inventory helps us measure and manage our emissions effectively.
CSR STEERING COMMITTEE The Executive Team delegates day-to-day responsibility for managing social and environmental impacts of the company to a CSR Steering Committee , which reports directly to President and COO Barry Blakely. This cross-functional group is composed of top-level leaders from throughout the company: Procurement, Operations, Human Resources, Finance, Marketing and Communications, Safety and Compliance, IT, and Corporate Services. The committee was formed to embed sustainable and responsible business practices even more deeply into our operations.
Enhancing Supplier Engagement: Through a sustainability survey and incorporating sustainability language into contracts, we are ensuring that our supply chain aligns with our environmental standards.
Public Disclosure: We are committed to transparency by publicly disclosing GHG emissions and other vital metrics, adhering to the Sustainability Accounting Standards Board (SASB) guidelines.
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Our CSR efforts are guided by industry-leading standards and rigorous assessments to ensure we’re making steady, forward progress.
MEASURING OUR PROGRESS
SASB REPORT The Sustainability Accounting Standards Board (SASB) provides a widely recognized framework for companies to report on their sustainability-related risks and opportunities. The standards were developed using a thorough and transparent process that included evidence-based research; broad and balanced participation from companies, investors, and subject matter experts; and oversight and approval from the independent SASB. To see our most recent SASB Report in the Appendix, click here. ABOUT SASB Global investors recognize SASB Standards as essential requirements for companies seeking to make consistent and comparable sustainability disclosures. SASB Standards identify the sustainability-related issues most relevant to investor decision-making in 77 industries. As of August 2022, the International Sustainability Standards Board (ISSB) of the IFRS Foundation assumed responsibility for the SASB Standards. The ISSB has committed to maintain, enhance, and evolve the SASB Standards and encourages preparers and investors to continue to use the SASB Standards.
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Road Accidents Public/Associate Fatalities Associate Injury/Safety Information Security Wages/Living Wages + Benefits Associate Turnover Career Planning and Training Associate Health Associate Feedback/2-Way Communication Associate Satisfaction Social Dialogue/Labor Relations Fraud Anti-Competitive Bargaining Corruption Conflict of Interest Whistleblowing/Retaliation Machine Safety Emergency Preparedness Direct/Indirect Human Rights Abuses
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This Materiality chart provides a visual representation of Averitt’s priorities and strategic focus. Averitt conducted a comprehensive Materiality Assessment aligned with SASB methodology and material topics for Road Transportation. Our Materiality Assessment included stakeholder feedback and data from associates, customers, suppliers, communities, and regulators. It was finalized by the CSR Steering Committee and approved by Executive Leadership in June 2024.
Corporate Philanthropy Associate Volunteering Supplier Human Rights Practices Scope 1 and 2 Emissions Air Quality Spills/Toxic Releases Hazardous Substance Handling AFV Fuel Use/Fuel Consumption Renewable Energy Scope 3 Emissions Waste/Recycling Water Quality/Consumption
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Financial Materiality
Impact Materiality
People
Environment
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Averitt’s ERM process encompasses assessment across direct operations and upstream and downstream activities across the value chain. Risk and opportunities identification considers multiple time horizons to ensure alignment with business strategies in the short term (0-1 years) and medium term (2-5 years). Averitt’s ERM process includes an enterprise-wide and site-specific evaluation and management of social and environmental risks and opportunities that are material to its business based on a 2024 Materiality Assessment and industry standards such as SASB. The Executive Team periodically receives updates on our risk and sustainability performance, no less than annually. It also oversees the company’s ERM process, which will involve periodic risk assessments covering both ethical and physical risks and the evaluation and management of critical risks and opportunities to the business. During the annual ERM process, we annually review with members of the CSR Steering Committee and management the potential risks, formally document and assess those risks, and, as needed, put mitigation efforts in place. Averitt Executives developed and adopted a policy that integrates social and environmental risk assessment into our Enterprise Risk Management (ERM).
SOCIAL AND ENVIRONMENTAL RISK ASSESSMENT
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SOCIAL
ENVIRONMENTAL
Transportation and use of hazardous substances
Associate safety and road accidents
Physical and mental health
Physical risks from weather and climate change
Working conditions
Advancements in renewable energy and low-carbon technologies
Wages and benefits
In addition to the extensive risk review and management that Averitt has always performed, we ensured that risks in the following social and environmental categories were included in our enterprise- and site-level reviews in 2025:
Corruption, bribery, fraud
Shifts in customer, associate, consumer, investor preferences
Restrictions to collective bargaining
Reputational risks
Harassment and discrimination
Restrictive public policies
Exploitative recruitment practices
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We call it The Power of One – a commitment to efficiency, reliability, and sustainability that unites every corner of our business. This approach allows us to deliver flexible solutions today while building stronger supply chains for tomorrow.
LTL (LESS-THAN-TRUCKLOAD) Consolidating smaller shipments efficiently to reduce costs and environmental impact while maintaining timely deliveries.
TRUCKLOAD Full-capacity solutions for larger shipments, ensuring direct routes and reliable, on-time delivery. The most efficient use of resources – helping reduce carbon footprint and emissions.
DEDICATED Customized solutions tailored to specific customer needs – powered by technology that ensures the most efficient transportation possible.
ONE PARTNER ENDLESS POSSIBILITIES
DISTRIBUTION & FULFILLMENT Managing inventory, order processing, port logistics, and delivery to streamline the supply chain from warehouse to customer – offering consolidation points that shorten miles from ports to final destination.
At Averitt, integration isn’t just a business strategy – it defines the way we work. Our five service units – LTL, Truckload, Dedicated, Distribution & Fulfillment, and Integrated & Global Solutions – operate together as a single connected network. By working together, these units create efficiencies that reduce redundancies, cut costs, and minimize our environmental impact. The result is a seamless experience for customers and a smarter, more sustainable approach to logistics.
INTEGRATED & GLOBAL SOLUTIONS Connecting local expertise with global reach to ensure seamless international shipping and logistics.
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For 55 years, a circle of trust has been the key to our success – trust within our Averitt family, trust from our customers, and trust in a future built on reinvesting in people and principles. We call it the Winner’s Circle – the belief that each associate’s passion, skills, and ideas contribute to the success of the entire team: BUILDING SUCCESS TOGETHER
When our associates provide outstanding service… Our customers trust us with more of their business. This growth secures our future.
The Winner’s Circle is a commitment to Averitt’s future. It means creating opportunities for associates to advance, fostering innovation that keeps us competitive, and building on a culture of dependability and service that has stood the test of time. As we look ahead, the strength of our people and the trust of our customers remain the foundation of Averitt’s long-term growth and success. Together, these commitments ensure that Averitt is not only prepared for the challenges of tomorrow, but also positioned to lead with confidence, stability, and vision for generations to come. And as our industry continues to evolve, we will continue to invest in our people and our infrastructure to provide innovative solutions and remain committed to a future of endless possibilities for our associates and customers – always guided by the principles that have defined Averitt since day one.
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DRIVING FOR A STRONGER TEAM
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OUR DRIVING FORCE IS PEOPLE
Virtually everything you need to know about Averitt is contained in those five words. They convey the entire promise of our company – that our shared success is determined by our shared efforts and values. Our associates are the foundation of that promise. Their commitment to service, innovation, and safety is what enables us to exceed customer expectations and earn recognition as one of the nation’s most awarded carriers. By investing in our people, rewarding excellence, and ensuring stable, future-focused career development, we strengthen the trust of our customers and the communities we serve. At the same time, we remain focused on the future – balancing growth with responsibility to ensure that our success creates lasting value for both our company and the world around us.
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Compensation, Profit Sharing, and Benefits We are dedicated to offering top-tier compensation and conduct annual wage surveys to ensure we remain competitive in the communities we serve. Averitt pays all associates at least 240% above the federal minimum wage in every location we operate – and 100% of our associates earn above local minimum wages. We regularly review and adjust compensation to ensure fairness across roles and to reward the contributions of every associate. We also share our success through a company-wide Profit Sharing program, which allocates 20% of our profits back to associates through their auto-enrolled 401(k)s. This initiative not only rewards teamwork but also reinforces a sense of ownership among associates. We provide a wide range of benefits to our associates, including health insurance, life insurance, disability coverage, bereavement leave, paid time off, 401(k) contributions, Red Thinkin’ Rewards, and other team rewards. Open Communication and Engagement Effective communication is a cornerstone of our leadership approach. Through our Open Door Policy, associates are encouraged to share ideas and feedback directly with leadership. Our Driver Advisory Council, Feedback Channels, and other input forums help ensure transparency and continuous improvement. In 2024, 100% of associates were invited to participate in feedback efforts, and more than 65% engaged in person or virtually. Road drivers, our largest workforce group, participate in monthly calls with our Driver Services Team. Communication channels range from mobile apps and confidential tools like Averitt Open Line to local meetings and one-on-one conversations. More data on our compensation, fair pay, and open communications can be found in the Appendix.
OUR COMMITMENT IN ACTION Our associates are at the core of everything we do. That commitment shows in our focus on fair compensation, shared success, open communication, and professional development. We prioritize safety, ethics, and values, fostering an environment where every team member can thrive.
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Safety, Professionalism, and Training We place a high priority on safety and professionalism, recognizing these are critical to the well-being of our associates and to operational success. We invest heavily in comprehensive safety training to equip associates with the skills they need to perform their duties effectively. Career Planning and Training In 2024, 13% of associates advanced through promotions or transfers – a reflection of our ongoing investment in internal development. Every new full-time associate receives orientation and job-specific training, and all associates are regularly coached and supported in growing into new opportunities. All associates have a customized training and development plan, as well as opportunities to participate in Leadership Development programs. Ethical Standards and Values Guided by a strong ethical foundation, we uphold integrity, respect, and accountability in everything we do. These principles inform daily interactions and strategic decisions alike. By maintaining high standards, we build trust with our associates, customers, and communities – and reinforce our reputation as a responsible and reliable leader in the industry. 100% of our policies and suppliers are required to adhere to our Code of Conduct, Environmental Policy, and Labor and Human Rights Policy.
More details on safety, career planning, and ethics can be found in the Appendix.
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We offer robust medical, vision, and dental coverage to ensure that our team has access to necessary health care services. In addition, our benefits package includes prescription drug coverage, 24/7 telemedicine services, and a comprehensive Associate Assistance Program offering mental health services, family counseling, and financial wellness support. Our Wellness Program is available to all associates, providing services such as preventive care, chronic condition management, and behavioral health support. Associates can also access hearing care, hearing aids, and nicotine cessation programs to promote overall well-being. To support ongoing health needs, we also offer virtual physical therapy at no cost, ensuring our team can receive care wherever they are. We understand that financial stability is key to overall wellness, which is why we provide benefits like profit sharing, company-paid life and disability insurance, flexible spending accounts, and health savings accounts. These options help associates manage their retirement health and dependent care expenses with ease.
The health and well-being of our associates is our top priority.
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OUR DRIVING CONCERN IS SAFETY
We track safe driving performance using a range of indicators, with a strong focus on both driver quality and equipment standards. Preventable accidents are measured by total incidents per million miles driven, and performance is continually benchmarked against Averitt’s long-standing safety record. Driver logs and motorist reports are also regularly reviewed to support coaching and continuous improvement. New Averitt drivers complete several days of onboarding, covering safe driving techniques, equipment operation, hours-of-service rules, seat belt usage, and accident procedures. We also offer an intensive backing and turning program – a level of hands-on training that sets us apart from most carriers. Ongoing safety training includes OSHA, FMCSA, and other compliance programs, delivered through online formats, in-person sessions locally, and at our Driver Development Centers. To reinforce accountability, Averitt uses a Safety Points System that rewards drivers for training participation and deducts points for incidents. This system makes it easy for drivers to request additional training when needed and helps ensure that safety remains top of mind – every mile, every day.
More details on our safety program and annual results can be found in the Appendix.
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In addition to driver training, we continuously upgrade our fleet with the latest safety technologies, such as collision-avoidance systems, anti-jackknife systems, forward- facing event recorders, rollover stability systems, lane departure warnings, and more.
But our commitment to safety extends well beyond the drivers and their vehicles. Our “Think Twice, Think Safe” program reinforces our commitment to safety by issuing monthly safety-related messages throughout the company. These messages, delivered via internal newsletters, posters, and other communications, cover a range of safety initiatives, ensuring that safety remains top of mind for all associates. Through these and other comprehensive safety measures, we maintain one of the country’s safest fleets, as we continually strive to protect our associates and the communities we serve.
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As an Equal Opportunity Workplace and Affirmative Action Employer, we are committed to creating an environment where every associate feels valued and respected, regardless of race, gender, ethnicity, age, disability, or any other characteristic. Our approach ensures equal opportunities for all associates to thrive, contributing to our collective success and innovation. Our anti-discrimination and anti-harassment policies uphold this commitment. We maintain a zero-tolerance stance on violations, clearly communicated to all associates through the Associate Handbook, regular training sessions, and various communication channels. These policies are acknowledged by 100% of our associates, ensuring a safe and inclusive workplace. We also actively engage in outreach to build a diverse workforce, participating in recruiting events, including those that target veterans and individuals with disabilities. These efforts include school visits, job fairs, military base visits, and community service projects. Our dedication is reflected in our recognition as one of the Top Companies for Women to Work For in Transportation by the Women in Trucking Association and selection to Forbes’ Best-in-State Employers list.
A PLACE WHERE EVERYONE CAN THRIVE
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HONORING OUR NATION’S VETERANS
We take immense pride in supporting our associates who are veterans or currently serve in the military. Averitt has been recognized as a “Patriotic Employer” by the U.S. Department of Defense and has received recognition from the Tennessee Department of Veterans of Foreign Wars as Employer of the Year. We’ve also been designated as a Top 10 Military Friendly ® Employer by Viqtory Media and a U.S. Army Reserve Private Public Partner. Given that roughly 13% of Averitt associates are veterans, we’re particularly proud of these achievements. We also believe that veterans possess skills and traits that align perfectly with our values – including motivation, self-discipline, professionalism, and leadership. That’s why we actively recruit veterans, offering career opportunities in roles such as driver, leadership, mechanic, dock associate, and more. We also accommodate military leave for National Guard and other military branch members. By providing meaningful career opportunities and recognizing the unique strengths of military veterans, we integrate their valuable skills into our workforce, while at the same time supporting our nation’s heroes.
EMPLOYER OF THE YEAR
PATRIOTIC EMPLOYER
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Our associates are the motor that drives Averitt forward – a fact they demonstrate every day through their commitment to exceptional service. And nothing captures the spirit of that commitment like our Over 20 Team. As the name implies, the Over 20 Team consists of associates who have been with Averitt for 20 years or longer. This team – which represents nearly 20% of our workforce – covers every role in the company: drivers, dock associates, mechanics, customer service specialists, leadership, and more. We’re proud to have built a culture and an environment where people not only want to work but also want to stay. We have team members who’ve celebrated 30, 40, and more years as part of the Averitt family. That commitment pays enormous dividends for our customers in the form of invaluable experience and a truly dedicated team. The devotion to excellence that our associates show – to their fellow team members and to our customers – has helped make Averitt a globally recognized leader in the transportation industry and a trusted partner for customers both in and out of the South.
THE OVER 20 TEAM
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OUR ETHICAL STANDARDS
Averitt is committed to ethical business practices and to maintaining a workplace where integrity and respect are foundational. Our Code of Ethics and Business Conduct prohibits corruption, bribery, fraud, money laundering, and anti-competitive practices. This code – together with our Conflicts of Interest Policy – is acknowledged by all associates and reinforced through regular training. We also take steps to ensure our external partnerships align with our values. Through a sustainability survey and by incorporating Averitt’s Vendor Code of Conduct and human rights standards into our contracts – including recently executed agreements with major vendors – we work to ensure our supply chain reflects the same environmental and ethical commitments we uphold internally. To further protect our people and resources, our Profit Protection and Fraud Prevention Policy outlines a clear, zero-tolerance approach to fraud, theft, and corruption. Associates and vendors have access to a confidential, 24/7 toll-free hotline for reporting violations, with the possibility of a reward for verified reports. Ultimately, our policies reflect a deep commitment to transparency, accountability, and trust – both within our walls and across our partnerships. Through ongoing training and open communication channels, we foster a workplace where everyone feels safe, supported, and empowered to do the right thing.
More on our ethics and human rights policies and practices can be found in the Appendix.
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Over the past five decades, our associates have built a unique culture of giving back to our communities, creating an extraordinary tradition of helping those in need. DELIVERING MORE We refer to these efforts as Delivering More – coming together as a team to do good in the world. It means bringing compassion, care, and support to our neighbors, our communities, and our planet. That spirit comes to life most vividly through Averitt Charities – a company- wide effort that represents the very heart of Averitt. From Averitt Cares for Kids to local outreach projects, our associates prove that generosity isn’t a special event – it’s part of how we work, live, and lead. Nowhere is that generosity more visible than in our long-standing support of St. Jude Children’s Research Hospital. In 2024, our associates donated $1,750,001 – the largest employee-generated gift in St. Jude’s history. That gift, like every one before it, was fueled by associate generosity and company match. We’re also proud to have been named St. Jude’s “Employee-Giving Organization of the Year” four times: 1999, 2010, 2020, and 2024.
Since 1990, we’ve donated over $ 14.6 million to St. Jude Children’s Research Hospital
There’s no overhead – just heart. One hundred percent of the funds raised for Averitt Cares for Kids go where they’re needed most.
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Whether through helping kids and their families, feeding the hungry, assisting our storm-ravaged neighbors, or donating thousands of clothing items to our charity partners, we never stop looking for ways to give back – and to share the good fortune we enjoy because of our customers. We’ve donated over $ 17 million to charities overall since 1986 Decades of giving. Thousands of hours. Countless lives touched. Since 1986, our associates have donated nearly $17 million through Averitt Charities and more than 107,000 hours through TeamUp Community Challenge to help make a measurable difference in people’s lives.
We worked over 37,400 hours in our local communities
We helped 235 organizations in 115 communities
We helped 49,118 people and repurposed 34,250 lbs. of recycled uniforms
All numbers based on most recent annual data.
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DRIVING FOR A CLEANER ENVIRONMENT
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Building a stronger future – for our business, our industry, and the world around us. A MESSAGE FROM OUR PRESIDENT AND COO
At Averitt, we believe progress and responsibility go hand in hand. As our industry evolves, so does the role we play – not only in helping our customers succeed, but in supporting the health of our communities and our planet. That belief has guided our approach for decades – from investing in cleaner equipment and more efficient operations to forming partnerships rooted in shared values. Recent recognition, including the Tennessee Governor’s Environmental Stewardship Award, affirms the impact of those efforts and strengthens our resolve to lead by example. Lasting progress takes more than ambition. It requires clarity, collaboration, and a shared willingness to rethink what’s possible. Whether we’re exploring new technologies or helping shape policy that moves our industry forward, we’re focused on practical solutions that balance long-term environmental goals with the realities of everyday operations. We know the challenges are real. But so is the opportunity – to build a more sustainable, more resilient supply chain, together.
Barry Blakely President and COO • Averitt
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Averitt has been at the forefront of sustainable transportation initiatives for decades. In 2004, when the Environmental Protection Agency (EPA) established SmartWay – a program designed to reduce transportation-related emissions and improve supply chain efficiency –
we were proud to be a founding partner. As one of only 52 original members, we committed to meeting specific environmental and energy-saving goals while transparently reporting our progress annually to the EPA. Through our ongoing participation in SmartWay, we have established a systematic approach to reducing emissions and conserving fuel across our operations. Since 2004, Averitt has reduced carbon dioxide equivalent emissions by 36% and decreased nitrogen oxide emissions by 84%. Our enduring SmartWay partnership demonstrates our steadfast dedication to seeking out and implementing eco-friendly logistics solutions that minimize our environmental impact. We continue collaborating with the EPA and using SmartWay’s resources to enhance operational efficiencies, reduce greenhouse gas emissions, and drive sustainability initiatives that pave the way for a greener future for the transportation industry. 84 % REDUCTION in NOx emissions 36 % REDUCTION in CO 2 e emissions SINCE JOINING THE
SMARTWAY ® FOUNDING MEMBER
SMARTWAY PROGRAM IN 2004, WE’VE ACHIEVED:
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OUR COMMITMENT IN ACTION Tracking our progress. Fueling our purpose.
We believe measurable progress is essential to our commitment to sustainability and environmental stewardship. On the pages that follow, we highlight key initiatives that reflect our proactive efforts to reduce our ecological impact. These results not only underscore our commitment to sustainability, but also highlight the meaningful gains we’ve achieved – operationally and environmentally. All numbers based on most recent annual data. See the Appendix for details on methodology, assumptions, and interpretation.
SCOPE 1 EMISSIONS MT CO 2 e
SCOPE 2 EMISSIONS MT CO 2 e (Location Based*)
FUEL USAGE GAL
TOTAL MILEAGE MI
553,880
55,093,619
385,099,407
15,614
502,959
50,088,268
351,264,536
325,350,981
456,186
46,319,737
9,006*
Not Tracked
2022
2023
2024
2022
2023
2024
2022
2023
2024
2022
2023
2024
PERCENTAGE CHANGE 2022 TO 2024: -17.6 %
PERCENTAGE CHANGE 2023 TO 2024: -42.3 %
PERCENTAGE CHANGE 2022 TO 2024: -15.9 %
PERCENTAGE CHANGE 2022 TO 2024: -15.5 %
*9,006 MT CO 2 e Market-based
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100 % OF TIRES are recycled or repurposed 25,910 (81.4%) REPURPOSED 5,925 (18.6%) RECYCLED RESPONSIBLE TIRE SOURCING Additionally, we’ve entered into a new partnership with our leading tire supplier to support human rights, social responsibility, and environmental standards. This ensures that more than half of all tires we procure annually adhere to a Sustainable Natural Rubber Policy in accordance with the Global Platform for Sustainable Natural Rubber .
TIRE REPURPOSING Averitt’s green tire program is a model for the industry. 100% of used tires are repurposed or recycled. This dramatically reduces landfill waste while decreasing our demand for new tire production.
AUTOMATIC TRAILER TIRE INFLATION SYSTEMS We’ve equipped our fleet with automatic tire inflation systems that continuously monitor and maintain the pressure of the tires while the vehicles are operational. This ensures that all tires are inflated to the optimal level for maximum fuel efficiency and tire life span. 12.7 MILLION POUNDS ANNUALLY thanks to a 1.4% improvement in fuel economy Reduced CO 2 e emissions by over
TRANSTEX SKIRTS
All of our truckload trailers and over 34% of our total trailer fleet are equipped with aerodynamic Transtex skirts, which reduce air drag. This number continues to grow as we adopt and test new innovations. This upgrade effectively cuts both emissions and fuel consumption. 144 MILLION POUNDS and saved 6.4 million gallons of diesel since implementation Reduced CO 2 e emissions by over
AUXILIARY POWER UNITS (APU s ) Our trucks feature APUs to reduce idle times during rest periods or loading and unloading operations. These units provide heating, cooling, and power to the truck cab and systems without
OIL RECYCLING Similarly, our oil recycling program is a benchmark for responsible fleet maintenance. 100% of used oil is collected, processed, and reused. This closed- loop system not only prevents environmental contamination, but also reduces reliance on newly refined oil. By turning a potential waste stream into a renewable resource, we’re setting a standard for circular practices in the transportation industry.
100 % OF OIL was recycled, equaling 87,535
running the truck’s main engine. 5.5 MILLION GALLONS OF FUEL SAVED
GALLONS
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99.5 % OF WATER used for truck washes was recycled, equaling WATER RECYCLING Truck washes constitute our largest source of water consumption. Nearly all of this water is returned to local water supplies after the removal of chemical, biological, physical, and thermal contamination. 39,518,290 GALLONS
ELECTRIC AND ALTERNATIVE FUEL FORKLIFTS We have transitioned 100% of our forklift fleet to alternative fuel sources such as electric power and propane – reducing fossil fuel emissions, while also lowering our overall energy consumption. Reduced CO 2 e emissions by millions of pounds, including: 13.2 MILLION POUNDS specifically from electric forklifts kWh 201,169 of electric vehicles (forklift + yard truck demo)
ULTRA-LOW-SULFUR DIESEL (ULSD) Averitt has transitioned to 100% ultra-low-sulfur diesel in all diesel-powered equipment. ULSD has a significantly lower sulfur content than traditional diesel, which helps to reduce the emissions of sulfur dioxide and particulate matter. SIGNIFICANTLY REDUCED EMISSIONS OF PARTICULATE MATTER AND NITROGEN OXIDES RENEWABLE FUELS INITIATIVE We’re actively adopting renewable diesel across our fleet wherever possible. This results in far fewer greenhouse gas emissions and a significantly lower carbon footprint. GALLONS BIODIESEL 864,084 (Biogenic emissions) GALLONS RENEWABLE DIESEL 855,421 (Biogenic emissions)
RENEWABLE ELECTRICITY
MWh 2,453 of renewable electricity, representing
11 % OF ELECTRICITY USE
ON-SITE BIODIESEL Our on-site fueling stations use exclusively 10% biodiesel (B10), a renewable fuel made from natural sources such as vegetable oils and animal fats. 10 % REDUCTION in greenhouse gas emissions
PAPER REDUCTION Through digital tools and streamlined work- flows, we’ve substantially decreased our use of paper. We also recycle paper waste to further minimize our environmental impact. 31,305 POUNDS OF PAPER recycled
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TOTAL ANNUAL CO 2 e REDUCTION: 295,174,456 LBS. THAT’S EQUAL TO REMOVING NEARLY 30,000 CARS FROM THE ROAD.
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For the first time, Averitt evaluated its Scope 3 emissions in 2025. We conducted a screening of the 15 Scope 3 categories according to the GHG Protocol to identify those that are material to Averitt. The screening determined that Categories 1-7 are material to Averitt while Categories 8-15 are not. The Averitt CSR Steering Committee reviewed the results and decided to perform its first partial Scope 3 inventory of emissions by starting with a complete inventory of three material categories: Fuel, Business Travel, and Associate Commuting. The 2024 annual inventory of emissions for each was determined to be: GROSS EMISSIONS IN METRIC TONS OF CO 2 EQUIVALENT
OTHER INDIRECT (SCOPE 3) GHG EMISSIONS
CATEGORY 3 Fuel- and Energy-Related Activities 99,874 MT CO 2 e
CATEGORY 6 Business Travel 1,347 MT CO 2 e
CATEGORY 7 Associate Commuting 16,739 MT CO 2 e
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Just as we measure and reduce emissions across our network, we also invest in training our associates to ensure sustainable practices at every level. From fuel efficiency practices to hazardous materials handling, our associates receive the knowledge they need to operate responsibly.
PERCENT OF ASSOCIATES WHO HAVE RECEIVED TRAINING: 95 % OF ASSOCIATES 100% of Full-Time Associates PERCENT OF DRIVERS WHO RECEIVE FUEL EFFICIENCY TRAINING: 100 % OF TRACTOR TRAILER DRIVERS Tractors represent 97% of Scope 1 and 2 GHG emissions
ASSOCIATE TRAINING ON ENVIRONMENTAL TOPICS
PERCENT OF APPLICABLE ASSOCIATES WITH HAZARDOUS MATERIAL TRAINING:
100 %
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RESPONSIBLE PROCUREMENT AND PARTNERSHIPS
Our commitment to sustainability extends beyond our own operations to encompass our entire supply chain. We recognize that responsible procurement and fostering strong partnerships are critical to driving positive change and achieving our sustainability goals. In 2025, we conducted a comprehensive survey of our vendors and suppliers, engaging 29 companies across three key categories: Purchasing, Equipment, and Technology. The response rate was overwhelmingly positive, with 26 out of 29 vendors participating. This high level of engagement underscores the shared commitment of our partners to sustainability and ethical business practices. Our survey aimed to gather detailed insights into the sustainability practices of our vendors. We assessed various aspects, including their environmental impact, resource conservation efforts, and adherence to ethical standards. The results have provided us with valuable data that will inform our ongoing efforts to improve our supply chain’s sustainability. We believe in transparency and continuous improvement – and we’re committed to working closely with our vendors to ensure they align with our sustainability objectives.
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For the 2024 reporting year, Averitt prioritized direct engagement with its top three supply chain categories on environmental standards, representing nearly one-third (32%) of our total annual procurement. Nearly 100% of our vehicle manufacturers, parts and fuel suppliers, and general technology suppliers responded to a survey on their environmental practices. Among respondents: ● 80% of our top suppliers have an Environmental or Sustainability Policy ● Nearly half (47%) of our top suppliers have an Environmental Management System
● 60% of our top suppliers calculate Scope 1 and 2 emissions ● 100% of suppliers who calculate have done so since 2023 ● More than one-quarter (27%) calculate Scope 3 emissions ● 60% of our top suppliers have programs for energy reduction
● 40% of our top suppliers set a climate target ● Nearly half (47%) procure renewable electricity
RESULTS OF SUPPLIER ENGAGEMENT
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Minimizing our environmental impact is a priority embedded across every facet of our business. Our comprehensive Environmental Policy outlines our objectives and initiatives aimed at conserving energy, reducing greenhouse gas emissions, and fostering a low-carbon future. See the full text of our Environmental Policy at Averitt.com/EnvironmentalPolicy.
ENVIRONMENTAL POLICY
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RESULTS THAT EARN RECOGNITION Averitt’s approach to sustainability is grounded in continuous improvement. Through targeted investments in emissions-reducing technology, renewable energy, and efficiency-focused infrastructure, we’ve reduced our environmental impact while improving performance across our network. These efforts have been recognized by a range of organizations, including SmartWay ® and EcoVadis. In 2025, we received the Governor’s Environmental Stewardship Award, the state’s top honor for environmental leadership. Each award reflects the dedication of our entire team – and our shared commitment to building a more efficient, environmentally responsible supply chain.
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DRIVEN TO DO MORE Environmental progress doesn’t come from promises – it comes from action. The results outlined here mark a meaningful step forward, but we know our work is far from finished. We’ll keep advancing smarter practices, investing in innovation, and partnering across our network to make an even greater impact – for our business, our communities, and the world we all share. Every mile we drive, every decision we make, and every improvement we implement is an opportunity to make a measurable difference. That’s the mindset we bring to every opportunity – and the momentum we intend to build on.
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APPENDIX
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SASB RESULTS
*Averitt’s current GHG strategy emphasizes fleet efficiency, renewable fuels, and ongoing testing of alternative fuel vehicles to reduce the total volume of fuel consumed, the largest source of GHG emissions in Averitt’s operations. The strategy includes a commitment to using the newest equipment (avg. Class 8 tractor age of three years), fleet-wide use of aerodynamic equipment, efficient driver training, route optimization (potential 30% reduction in pickup and delivery miles), idle reduction (automatic shutoff after three minutes), and a robust maintenance program that includes automatic regular filter and oil changes and tire inflation, both of which contribute to lower fuel consumption. **Averitt has a comprehensive strategy for driver and associate health and safety with industry-leading results. The strategy includes support for driver health, including personal medical health benefits with wellness incentives, a free sleep apnea program for associates, extensive safety training for drivers, safety surveillance programs to maintain driver health & wellness, an associate assistance program to support behavioral health issues, continuous training to support a safe workplace, and modified duties for associates recovering from a work injury. ***SASB Road Transportation guidance does not require inclusion of Scope 2 emissions. Averitt has inventoried Scope 1 and 2 emissions for the past two years and includes both as industry best practice.
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GHG Footnotes: ● All GHGs listed were included. ● Base year = 2022, first year information is available. Total emissions = 553,880 MT CO 2 e, only includes Scope 1. ● GHG emissions were lower in 2024 due to a combination of renewable fuels, renewable electricity, and reduced total miles of the fleet. ● GWP = AR5. ● Consolidation approach for emissions = Operational control. ● GHG Protocol – aligned third-party calculation template, all estimates and assumptions documented in a comprehensive memo.
GHG METHODOLOGY AND ASSUMPTIONS
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Cybersecurity/Data Security Averitt’s Cybersecurity Policy outlines a comprehensive strategy and management practices that maintain the security of personally identifiable information from our associates, customers, and suppliers. Our policy calls for direct engagement and disclosure with the parties and Averitt business partners whose information is part of any data breach on remedies and to correct any vulnerabilities that may be identified via an incident. To protect the integrity of our cybersecurity strategy and sensitivity of individual information, we do not publicly disclose the details of our strategy or any information on specific data breaches. Anti-Competitive Bargaining Averitt’s Code of Ethics and Business Conduct prohibits corruption, bribery, fraud, money laundering, and anti-competitive practices. The Averitt Profit Protection and Fraud Prevention Policy outlines zero tolerance for fraud, theft, or corruption and provides a toll-free number for reporting possible violations. Individuals who report violations may be eligible for a reward for providing information. Corruption Averitt’s ERM process includes an enterprise-wide and site-specific evaluation of the following sustainability risks that are material to its business based on a 2024 Materiality Assessment. Corruption, Bribery, and Fraud has been recognized as one of the material topics and is integrated in the Enterprise Risk Management policy. 100% of Averitt’s sites are assessed for corruption and bribery risks.
SECURITY, ETHICS, AND HUMAN RIGHTS POLICIES AND PRACTICES
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