Total Quality Logistics will invest more than $1.7 million to expand its Lexington, Kentucky facility, creating at least 75 full-time jobs by 2015.
TQL is the nation’s second largest freight brokerage firm, specializing in arranging the transportation of truckload shipments for thousands of companies across the country. “Lexington gives us access to outstanding professional talent. That’s why we’re here,” said Kerry Byrne, TQL executive vice president. “We need highly motivated sales people to help us serve an increasingly larger share of the $350 billion truckload transportation market.”
“TQL is standing up to its name, delivering quality logistics in the North American marketplaces that rely on timely and accurate shipping,” said Gov. Steve Beshear. “The Commonwealth is happy to partner with TQL to see 75 new jobs and a $1.7 million investment, which further enhances Kentucky’s reputation as a logistics haven.”
“Growing local jobs with a local company is a win-win. We are making progress in creating the kind of environment that attracts and grows good jobs,” said Lexington Mayor Jim Gray. “Total Quality Logistics recognizes, as we recognize, Lexington is the place to be.”
As an incentive to encourage the investment and job growth in Lexington, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $800,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“Commerce Lexington Inc. enjoyed working with Total Quality Logistics on their expansion in Lexington,” said Bob Quick, CCE, Commerce Lexington Inc. president and CEO. “Our existing businesses are vital to the growth of our community and we’re happy to see TQL grow in Lexington.”