Steam Logistics will expand its existing operations in downtown Chattanooga, Tennessee. The project is expected to create more than 400 new jobs.

The company 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.

“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 said.

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.

“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,” added TNECD Commissioner Bob Rolfe.