Over 200 jobs coming to Charlotte with $14M expansion by transportation company
A Charlotte-based transportation company is expanding with a nearly $14 million investment that promises to create over 200 jobs.
RXO Corporate Solutions wants to grow its workforce in areas such as transportation brokers, operational and logistics specialists, technology and data analysts, sales and account managers and administrative staff, state officials said during Tuesday’s NC Economic Investment Committee meeting.
RXO is the third-largest firm in North America operating as a brokered transportation company, and arranges transportation with carriers on behalf of companies that are shipping goods. The Charlotte expansion would streamline the transportation process to reduce efficiencies, according to a news release from Gov. Roy Cooper’s office.
The project would create 216 jobs in Charlotte over three years starting in 2026. The jobs will pay a minimum of $89,769, slightly above Mecklenburg County’s average wage of $84,797.
”This is not just an expansion; it’s a significant milestone for our city’s growth and economic development,” Charlotte Mayor Vi Lyles said in a statement.
For its investment, RXO will receive over $1.6 million in state tax incentives over 12 years, plus $400,000 from the city of Charlotte and Mecklenburg County combined.
The state incentive package includes around $390,000 from the community college system for training as well as $436,000 from the workforce solution division.
Charlotte’s location, international airport, a skilled workforce and business-friendly climate are ideal for RXO’s growth, company CEO Drew Wilkerson said in a statement.
More about RXO
In September, RXO acquired supply chain and freight shipping company Coyote Logistics from UPS for $1 billion.
RXO has 200 facilities across North America and Asia, with about 8,400 employees. Nearly 650 workers are in Charlotte. RXO’s corporate office in Ballantyne.
With the expansion, RXO will have 975 employees statewide, according to the city of Charlotte’s news release.
The company specializes in shipment of retail, e-commerce and manufacturing goods.
This story was originally published November 26, 2024 at 12:08 PM.