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Oct 25, 2007

SUCESSFULL TRUCKING Company * USA - SAV's keeps delivering profits as its industry slows

Transportation, logistics and fun: A company keeps employees motivated and the freight moving

Minneapolis,MN,USA -The Minneapolis Star Tribune (subscription), by Dick Youngblood -October 23, 2007: -- There's no doubt that the unusually broad offerings of SAV Transportation Group explain why it has nearly quadrupled its revenues in the past five years and kept its 2007 gross growing by nearly 10 percent despite the trucking industry's minimal growth this year... But I would argue that the sight of the company's three owners sitting around a conference table the other day wearing Hawaiian shirts garish enough to trigger a migraine hinted at another reason for the company's rapid growth. It was Friday, Hawaiian shirt day at the company's Coon Rapids headquarters, an observance sanctioned by founder Mike Abbott to remind everyone of his pledge to take SAV employees to Hawaii when revenues hit $100 million. In 2006, SAV grossed $37.5 million and it's on track to reach about $41 million this year... The Hawaiian vacation pledge is part of a combination of generous benefits and intermittent silliness that has kept SAV's employee turnover close to zero for years... That's one example of the importance of the company's low turnover rate... So what's keeping the employee base on board? For one thing, SAV pays all health and dental insurance premiums, plus long-term disability insurance and $50,000 of life insurance. It also matches 50 percent of employee contributions to a 401(k) plan and pays a company-wide bonus that in recent years has amounted to between 10 and 20 percent of salary... Then there's the fun: Beyond Hawaiian shirt day, there's the Wednesday bingo game, with its $10 prize, that goes on for several hours as numbers are drawn every 20 minutes and announced over a loudspeaker. Not to mention the whiffle ball games, bean-bag tosses and chili-cooking contests that erupt intermittently... (Photo by Dick Youngblood: SAV Transportation Group owners (from left) Don Divine, Joe Speltz and Mike Abbott, wearing their weekly reminder of their Hawaii trip promise.)

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