HOUSTON, Sept. 1,
2022 /PRNewswire/ -- Adams Resources & Energy,
Inc. (NYSE AMERICAN: AE) ("Adams"
or the "Company") today announces that its subsidiary, Service
Transport Company ("Service Transport"), has opened its 20th
terminal which is located in the Pittsburgh, PA area. This new facility
will offer Service Transport's clients additional resources in the
Northeast area of the U.S., providing additional opportunities for
revenue and profitability growth, while serving as a base of
operations for recruiting in the immediate area. Over the
last four years, Service Transport has grown from six terminals in
three states along the Gulf Coast to twenty facilities in eleven
states on the eastern half of the U.S. This new facility will
be located at the Express Container Services facility at 3505 Grand
Ave, Pittsburgh, PA 15225.
Wade Harrison, President of
Service Transport, commented, "We are very excited about the
opportunities that this market presents for our driver force and
"I am pleased to see the Service Transport team continue to
execute on the strategic plans surrounding our transportation
business," said Kevin Roycraft,
Adams' Chief Executive Officer and
About Adams Resources & Energy, Inc.
Adams Resources & Energy, Inc. is engaged in crude oil
marketing, transportation, terminalling and storage, tank truck
transportation of liquid chemicals and dry bulk and recycling and
repurposing of off-spec fuels, lubricants, crude oil and other
chemicals through its subsidiaries, GulfMark Energy, Inc., Service
Transport Company, Victoria Express Pipeline, L.L.C., GulfMark
Terminals, LLC, Phoenix Oil, Inc., and Firebird Bulk Carriers,
Inc. For more information, visit
Cautionary Statement Regarding Forward-Looking
This news release contains forward-looking statements.
Forward-looking statements relate to future events and anticipated
results of operations, business strategies, and other aspects of
our operations or operating results. In many cases you can identify
forward-looking statements by terminology such as "anticipate,"
"intend," "plan," "project," "estimate," "continue," "potential,"
"should," "could," "may," "will," "objective," "guidance,"
"outlook," "effort," "expect," "believe," "predict," "budget,"
"projection," "goal," "forecast," "target" or similar words.
Statements may be forward looking even in the absence of these
particular words. Where, in any forward-looking statement, the
Company expresses an expectation or belief as to 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 materially from those expressed or implied in the
forward-looking statements, and any other risk factors included in
Adams' reports filed with the
Securities and Exchange Commission. However, there can be no
assurance that such expectation or belief will result or be
achieved. Unless legally required, Adams undertakes no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
Tracy E. Ohmart
EVP, Chief Financial Officer
Investor Relations Contact
Gary Guyton or Steven Hooser
Three Part Advisors
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SOURCE Adams Resources & Energy, Inc.