Steam Logistics, a provider of integrated logistics solutions, has announced it has secured $680,000 in investment capital from investors. This funding round marks a significant step for the company as it continues to expand its operations and service offerings within the competitive logistics sector. The capital infusion is intended to support the company's strategic growth initiatives.
Originally established in 2012 out of Access America, Steam Logistics initially focused on international freight forwarding and customs brokerage. The company strategically expanded its capabilities in 2018 and 2021 to include Drayage and Domestic Transportation, aiming to provide comprehensive solutions for the entire lifecycle of its customers’ freight. Today, Steam Logistics operates as one of the fastest-growing third-party logistics (3PL) providers in the United States, delivering integrated solutions across International, Intermodal, and Domestic modes.
The newly raised funds will be directed towards enhancing Steam Logistics' operational infrastructure and advancing its technological platforms. This investment is crucial for supporting the company's ongoing expansion efforts and its commitment to meeting evolving customer demands. Steam Logistics currently serves over 4,500 customers globally across diverse industries, including building products, healthcare, furniture, and consumer products, supported by a team of over 800 professionals nationwide.
With this investment, Steam Logistics aims to solidify its position as a preferred logistics partner. The company plans to leverage the capital to further its mission of being the number one choice for its customers, driving continued innovation and growth in the logistics industry.
