ADAMS RESOURCES & ENERGY, INC. ANNOUNCES THE OPENING OF A NEW SERVICE TRANSPORTATION TERMINAL
HOUSTON, September 1, 2022 /PRNewswire/ — Adams Resources & Energy, Inc. (NYSE AMERICAN:AE) (“Adam” or the “Company”) today announced that its subsidiary, Service Transport Company (“Service Transport”), has opened its 20th terminal which is located in the Pittsburgh, Pennsylvania Region. This new facility will provide Service Transport customers with additional resources in the Northeast region of the United States, providing additional opportunities for revenue and profitability growth, while serving as a base of operations for recruiting in the immediate area. Over the past four years, Service Transport has grown from six terminals in three states along the Gulf Coast to twenty facilities in eleven states in the eastern half of the United States. This new facility will be located at the Express Container Services facility at 3505 Grand Ave, Pittsburgh, Pennsylvania 15225.
Wade HarrisonPresident of Service Transport, said, “We are excited about the opportunities this market presents for our drivers and our business.
“I am delighted to see the Service Transport team continue to execute on the strategic plans surrounding our transportation business,” said Kevin Roycraft, Adam’s CEO and President.
About Adams Resources & Energy, Inc.
Adams Resources & Energy, Inc. is engaged in the marketing, transportation, terminal, and storage of crude oil, the tanker transportation of liquid and dry bulk chemicals, and the recycling and repurposing of fuels, lubricants, crude oil and other off-specification chemicals through its subsidiaries, GulfMark Energy, Inc., Service Transport Company, Victoria Express Pipeline, LLC, GulfMark Terminals, LLC, Phoenix Oil, Inc. and Firebird Bulk Carriers, Inc. For more information, visit www.adamsresources.com.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements relate to expected future events and results of operations, business strategies and other aspects of our business or results of operations. In many cases, you can identify forward-looking statements by words such as “anticipate”, “intend”, “plan”, “project”, “estimate”, “continue”, “potential”. , “should”, “could”, “may”, “will”, “goal”, “direction”, “outlook”, “effort”, “expect”, “believe”, “predict”, “budget “, “projection”, “goal”, “forecast”, “target” or similar words. Statements may be forward-looking even without such particular words. Where, in a forward-looking statement, the Company expresses an expectation or belief regarding future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ. differ materially from those expressed or implied in the forward-looking statements, and to any other risk factors included in Adam’s reports filed with the Securities and Exchange Commission. However, there can be no assurance that any such expectation or belief will occur or be realized. Except legal obligation, Adam assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Tracy E. Ohmart
Executive Vice President, Chief Financial Officer
Gary Guyton Where Steven Hooser
SOURCEAdams Resources & Energy, Inc.