Chattanooga-based Steam Logistics will create 400 jobs in a nearly $7 million expansion into the historic John Ross Building downtown where the company will shift its headquarters, officials said Tuesday.
The third-party logistics company founded in 2012 will expand to the Fourth and Broad street building next door to its existing offices where it plans to more than double its workforce, said Steam Chief Executive Jason Provonsha.
“We’re growing at a fast clip,” he said in an interview, adding that Steam has seen revenues climb by about 1,000% since 2019.
The company, which now employs 345 people in Chattanooga along with about 30 people in Birmingham and Minneapolis, expanded into the U.S. logistics market in April after a non-compete clause ended. for the company. Previously, Steam Logistics had served just the international sector, Provonsha said.
Also, the coronavirus pandemic has helped drive business as companies are seeking solutions to their logistics needs, he said.