Expansion to be accomplished through $13.7 million in investments. As for the significance, this really shows a lot about RXO and their dedication towards North Carolina’s booming logistics industry.
Charlotte, NC (November 27, 2024)- One of the largest freight transportation providers has picked Charlotte for its newest expansion, and it’s also pumping money into its headquarters, including in Mecklenburg County. RXO says it will spend $13.7 million on building there and will create at least 216 new jobs within the Ballantyne area within the next few years. It’s a definite economic and workforce win.
Governor Roy Cooper praised the expansion, saying it solidifies North Carolina’s position as a leader in logistics and transportation. Drew Wilkerson, CEO of RXO, said the state’s strategic location, robust infrastructure, and access to a skilled workforce are among the benefits. This investment will further help improve the operations of RXO while supporting the growth of the local community.
Among them are transportation brokers, logistics experts, and data analysts-the average annual salary for which is estimated at $89,769 by the company. This development is also supported by a Job Development Investment Grant issued by the state, through which RXO could receive reimbursement on meeting the set requirements on job creation and investments.
This is the latest in a series of investments that have strengthened Charlotte’s economic landscape. Other companies, including Siemens Energy and Albemarle Corporation, have also decided to locate in Charlotte to make significant investments, thereby pumping millions of dollars and hundreds of new jobs into the regional economy.
With further business development efforts, Charlotte will be in a good position to attract more high-profile investments, making it an even more dynamic economic center in the southeastern United States.
