EVO Transportation & Energy Services Acquires Thunder Ridge Transport
EVO Transportation & Energy Services announced that it has acquired Thunder Ridge Transport, top-25 US mail contractor operating 150 trucks with a network that serves 13 USPS contracts across states. This acquisition represents EVO’s first acquisition as part of a new strategy to take advantage of the stated USPS initiative to streamline its contractor network, enhance efficiency and prioritize alternative energy transportation options.
“EVO has identified a compelling opportunity in an evolving ecosystem of USPS transportation contractors, and we have refocused our corporate strategy to leverage our footprint of CNG stations and relationships with owner-operators to build a national fleet of haulers,” said John Yeros, Chief Executive Officer of EVO. “The USPS has been contracting out portions of its transportation system for more than a century to local and regional service providers.”
With this acquisition now completed, EVO has the infrastructure, assets and access to immediately begin bidding on new opportunities which would be incremental to the 13 USPS contracts that are currently being service by Thunder Ridge.