ANOTHER RECORD QUARTER
11.514%
Profit Sharing Contributions Continue Upward Momentum
9.659%
9.077%
In the third quarter, we were able to contribute an amount equal to 9.077% in Profit Sharing to your 401(k) retirement accounts. That’s our best third quarter on record, and it marks eight consecutive quarters in which we’ve set a company standard! Additionally, our operating ratio was 82.6 , which is our best third quarter on record. And we tied a quarterly record by limiting our cargo claims to 0.31%. Those results are a testament to your dedication to doing things the right way, and we thank you for making it happen! Your commitment to excellence can help us finish out 2022 on a strong note and continue our momentum into 2023. Some ways you can help us include: Our success is a result of our entire team working together, and your efforts continue to help us move toward an even brighter future.
7.221% 7.023%
6.690%
5.877%
4.529%
4Q 1Q
2Q
3Q
4Q
1Q
2Q
3Q
• Conducting quality pre-trip inspections • Avoiding accidents and injuries • Recycle paper and conserve resources • Making the most of your fuel efficiency • Referring People Like You to Averitt
2020 2021
2021
2021
2021
2022 2022 2022
For the last eight quarters, your efforts have helped us achieve a quarterly Profit Sharing contribution (i.e., our best first quarter on record, our best second quarter on record, etc.). Check out how you’re making a difference.
For more information about how you can help us win as a team and win individually, visit InsideAveritt.com/ProfitSharing. T m
Applications for the 2023-24 Scott Wolf Memorial Scholarship Program are currently underway, and they’ll run through Feb. 1, 2023. Because of a donation from our team in 2021, the amount of each scholarship will continue to be $1,000 for each student! Scott Wolf served as our Vice President of SCOTT WOLF SCHOLARSHIP ACCEPTING APPLICATIONS
Corporate Services until his passing in 2012. The scholarship recipients are determined by the Wolf family and the Community Foundation of Middle Tennessee. Since the scholarship began in 2013, there have been 73 recipients representing 13 states. Honoring his wishes, the Wolf family set up a scholarship fund in Scott’s name as a way to give back to his fellow Averitt associates. The Scott Wolf Memorial Scholarship is open to full-time and part-time associates who have been employed no less than one year at the time of application, as well as their dependents who seek to continue their education beyond high school.
For more information about the scholarship, visit InsideAveritt.com/Scholarships . T m
FROM GARY SASSER PG. 1 - everything you do, we’re a leader in the transportation industry, and we have a bright future. Our outstanding performance in 2022 is more proof that we have the best associates and the best plan. As a result of that
performance, we continue to deliver record Profit Sharing contributions, and we continue to have the ability to invest in our associates, our equipment and our facilities. As we get ready to move into 2023, I’m more excited than ever about what
we can accomplish. And I know that our strong family culture – combined with a focus on professionalism, safety, innovation and creativity – will help us reach new heights. Thank you for making Averitt such a great place to call home. I wish you
a safe and happy holiday season, and I hope you are able to enjoy time with family and loved ones. Merry Christmas and Happy Holidays!
COMMUNITY CHALLENGE matters
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