The Evans Network of Companies (Evans) is a prominent asset-light, technology-enabled logistics service provider headquartered in Schuylkill Haven, Pennsylvania. Established in 1939 by Albert L. Evans Sr., the company has evolved from a local less-than-truckload (LTL) operation into one of North America's largest independent intermodal drayage providers.
Company Overview
Evans offers a comprehensive suite of transportation and logistics services, including:
- Intermodal/Drayage: Specializing in the movement of cargo between different modes of transportation, particularly from ports and rail terminals to final destinations.
- Truckload: Providing full truckload services for various freight needs.
- Flatbed: Handling oversized or irregularly shaped cargo requiring flatbed transportation.
- Less-Than-Truckload (LTL)/Final Mile: Managing smaller shipments that do not require a full truckload and ensuring delivery to end customers.
- Transportation & Logistics Solutions: Offering tailored logistics management services to meet diverse client requirements.
The company's extensive network includes over 750 agent locations nationwide and access to more than 8,000 power units, enabling it to manage over $2.5 billion in transportation spend.
Financial Performance
Evans has demonstrated significant financial growth over the years. While specific revenue figures vary across sources, estimates indicate:
- Annual Revenue: Approximately $2 billion as of 2023.
- Employee Count: Around 467 employees, with an estimated revenue per employee of $381,250.
These figures underscore Evans' substantial presence and efficiency in the logistics sector.
Growth and Expansion
Evans has pursued strategic growth through both organic initiatives and acquisitions:
- Agent Network Expansion: The company has doubled its number of agents and drivers, enhancing its national footprint.
- Acquisitions: Evans completed seven highly synergistic acquisitions, aligning with its culture and growth strategy, thereby accelerating its expansion efforts.
- Service Diversification: The company has expanded into adjacent markets, including flatbed, short-haul dry van, and freight brokerage, leveraging its agent-based model to open new markets and dramatically expand its offerings.
Competitive Landscape
In the competitive logistics industry, Evans distinguishes itself through its asset-light, agent-based model, which offers flexibility and scalability. Key competitors include:
- InXpress International: A global shipping and logistics company.
- Cooper Consolidated: Specializes in barge transportation and logistics services.
- Spot: A logistics company providing freight brokerage services.
Evans' focus on technology integration, strategic acquisitions, and service diversification positions it favorably within this competitive landscape.
