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PEORIA, Ariz., March 11, 2019 (GLOBE NEWSWIRE) -- EVO Transportation & Energy Services, Inc. (“EVO”) (OTC Pink: EVOA), an alternative fuel services company and emerging transportation operator, has announced its subsidiary, Thunder Ridge Transport, Inc., was awarded 117 delivery service contracts from the USPS across 29 states. The contracts range from three to six years in duration and will bring in over $8 million in annual revenue.
The new contracts are slated to begin on April 1, 2019, with 130 new delivery vans expected to take on the bulk of deliveries. They will be servicing the USPS with final mile deliveries in rural areas across the United States, which marks the first time EVO will be servicing this segment. Historically, the company has operated in the long haul and local/area-wide markets.
“The addition of these contracts marks another step forward for EVO as we continue to utilize our national scale and position ourselves to be the preferred supplier to the US Postal Service,” said John Yeros, CEO of EVO. “The new contracts showcase our expanded capabilities as we broaden our operations to begin final mile delivery services for the first time. We believe this provides an additional competitive advantage when bidding for upcoming contracts and will continue to attract additional companies in this niche to join our growing platform.”
About EVO Transportation & Energy Services, Inc.
EVO is an emerging transportation operator and next generation supplier for the United States Postal Service (USPS). It offers flexible and efficient solutions through a combination of Diesel and CNG trucks and tractors across 37 states. EVO also operates five strategically located CNG refueling stations located in Jurupa Valley, CA; Fort Worth, TX; Oak Creek, WI; Tolleson, AZ; and San Antonio, TX that accommodate class 8 trucks and trailers. For more information, please visit evotransinc.com.
The statements in this press release that are not historical facts may be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “will,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “would,” “should,” “plan,” “expect,” “predict,” “could,” “potentially” or similar expressions identify forward-looking statements, although not all forward-looking statements include these words. These statements involve known and unknown risks, uncertainties and other important factors, including those described in under “Risk Factors” contained in EVO’s most recent Form 10-K and subsequent filings with the Securities and Exchange Commission. Moreover, the forward-looking statements speak only as of the date they are made, and EVO assumes no obligation to update or revise forward-looking statements to reflect actual performance or results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by law.
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