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Download sports story steam10/28/2023 Still, Provonsha said revenues this year are expected to hit $765 million as Steam, in part, captures business from other brokers. "We know this too shall pass," the company CEO said. But the freight market has slowed in 2023 amid the changing economic conditions, and officials are managing through that process, he said. Provonsha said Wednesday that 2022 was a record year for Steam as it saw 100% growth in revenues. The pandemic helped drive business as companies were seeking solutions to their logistics needs, he said. Previously, Steam had served just the international sector, Provonsha said. logistics market in 2021 after a non-compete clause ended. Steam Logistics announced in 2021 it would create 400 jobs in a nearly $7 million expansion into the John Ross Building, with officials saying the company had seen revenues climb by about 1,000% since 2019. "Our culture is where everyone's together," he said in an interview. Steam President Steve Cox said it's nice to have the employees all in the same building downtown, where they can patronize the center city's restaurants. "We were moving in a couple floors at a time," he said, standing among a roomful of tables stretching the length of the building, from Market to Broad Street, and filled with employees and computer monitors. Provonsha said the freight broker's personnel moved over the past several weeks from the building next door and leased space a few blocks away at 555 Walnut St. "We're incredibly proud of this building and how we successfully transformed this key entry point to downtown." "Steam's leadership quickly saw the incredible potential in this building and made the design their own with all the logistics-themed features," he said in a statement.
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