Verst Logistics among the growing number of companies passing tax savings on to employees.
WALTON, Ky, Jan. 24, 2018 -- Verst Logistics confirmed today that they distributed $500 bonuses to all full-time employees on December 29, 2017.
As part of an internal communication, President and CEO Paul Verst wrote that, as a result of the approved tax reform legislation, "Verst Logistics will realize reduced tax obligations going forward." Speaking directly to employees, he added, "The combination of the efforts of our employees to meet and exceed our customer's requirements, coupled with a more favorable tax environment, makes for a great future for our company. I want to be sure that you and your families share in the benefits of your accomplishments and the new tax reform legislation."
In a more recent statement, Paul Verst commented, "We are excited to be included in the growing list of organizations that believe the new tax plan will help our economy by creating new opportunities for business and putting more money in the hands of hard-working people across the U.S."
Verst Logistics joins many other companies, including AT&T, Boeing, Comcast, Fifth Third Bancorp, Walmart and Wells Fargo, in providing tax bill benefits to employees in the form of bonuses and/or wage increases.
About Verst Logistics
Since 1966, Verst Logistics has been a leading provider of fully-integrated transportation, warehousing, product fulfillment and packaging services for a wide range of manufacturers and suppliers of finished products and raw materials in the automotive, food and beverage, hardware and health and beauty industries. Based in Walton, Kentucky, Verst operates 3PL facilities across the U.S. and employs over 1,500 people. Additional information is available at verstlogistics.com or 1-859-485-1212.