- Third-party logistics company to invest nearly $7 million
- Expansion will create more than 400 new jobs in Hamilton County
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Steam Logistics officials announced today that the company will expand its existing operations in downtown Chattanooga, creating more than 400 new jobs.
Founded in 2012, the Chattanooga-based logistics business will invest $6.8 million to expand its operations into the historic John Ross building, which will adjoin Steam Logistics’ existing offices at the corner of Broad and Fourth Streets.
As one of the fastest-growing third-party logistics companies in the U.S., Steam provides integrated logistics solutions across international, drayage and domestic transportation modes to more than 2,000 customers globally.
Over the last five years, TNECD has supported more than 40 economic development projects in Hamilton County, resulting in approximately 6,000 job commitments and $1.8 billion in capital investment.
QUOTES
“I appreciate Steam Logistics’ continued investment in Tennessee. The company’s commitment to creating more than 400 new jobs will have a positive impact on the residents of Hamilton County for years to come.”– Gov. Bill Lee
“Since 2016, companies in the transportation, distribution and logistics sector have invested $4.5 billion in Tennessee. Steam Logistics’ $7 million investment in Chattanooga will add to that growing number while strengthening Tennessee’s position as a leader in this industry.” – TNECD Commissioner Bob Rolfe
“We are proud to be a Tennessee business and to call Chattanooga our home. We have seen the dramatic growth of our industry in this city, and we look forward to continuing to do our part to drive it forward and to create excellent employment opportunities for the people of this region. The investments we are making are a testament to the supportive business environment in Chattanooga, Hamilton County and Tennessee, and we are excited about the contributions we are making here.” – Jason Provonsha, CEO, Steam Logistics
“As Hamilton County’s logistics industry continues to thrive, we applaud Steam Logistics’ decision to be a part of the economic growth in our region. We are delighted with this expansion, which will create 400 new positions along with the promise of additional hires in the near future.” – Hamilton County Mayor Jim Coppinger
“With the convergence of the critical infrastructure needed to move goods in and through our region –road, rail, air, and barge– combined with Chattanooga’s scenic beauty and overall quality-of-life, it’s no wonder the logistics industry continues to thrive here. Freight Alley welcomes Steam Logistics. We’re excited about the increase in employment and shared prosperity this expansion will bring to our community.” – City of Chattanooga Mayor Tim Kelly
“TVA and EPB congratulate Steam Logistics on its decision to expand operations and create hundreds of new job opportunities in Chattanooga. It’s always an exciting day when we can celebrate a company’s commitment to continued growth in the Valley. We are proud to partner with Chattanooga Area Chamber of Commerce, City of Chattanooga, Hamilton County, and Tennessee Department of Economic and Community Development to support companies, like Steam Logistics and look forward to their continued business success.” – John Bradley, TVA senior vice president of Economic Development
“The expansion of Steam Logistics to create more than 400 new jobs is huge for Hamilton County and is a testament to our strong local economy. As one of the fastest growing third-party logistics companies, I am glad Steam Logistics has been so successful in Chattanooga, and I look forward to their continued success.” – Sen. Todd Gardenhire (R-Chattanooga)
“Congratulations to the men and women of Steam Logistics for their success and great news of expansion. I join Governor Bill Lee and the Department of Economic and Community Development in applauding the 400 new good paying jobs and investment for our community and region.” – Rep. Robin Smith (R-Hixson)
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
TNECD Media Contact
Lindsey Tipton
Public Information Officer
(615) 339-6608
[email protected]
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