XPO Logistics, A Freight Transportation Provider, To Create 200 Jobs in Charlotte
The company provides freight transportation services using a network of ground, sea and air carriers to offer expedited services, freight forwarding and freight brokerage to throughout North America.
The company expects to create over 200 jobs in accounting and finance, human resources and internet technology, carrier procurement and operations, with an average wage of more than $56,606 annually. The company is currently in lease negotiations for Charlotte office space, a company spokesman said.
Sean Fernandez, chief operating officer for XPO Logistics, said; "We are extremely pleased that the state has been so supportive of our plans to centralize key operations in Charlotte. XPO Logistics is growing quickly, and the new center will give us the infrastructure we need to support a much larger company. We expect to start hiring across all functions immediately."
To attract the company to Charlotte, the state Economic Investment Committee awarded XPO Logistics a Job Development Investment Grant. The company is eligible to receive a grant equal to 65 percent of the state personal income withholding taxes, derived from creation of new jobs for each of the 10 years in which the company meets annual performance targets. If XPO meets the targets called for under the agreement, it could receive a maximum benefit package of $3.22 million.
In addition, up to $1.07 million could be added to the state's Utility Fund for infrastructure improvements in economically distressed counties.
"I am thrilled to welcome XPO Logistics' North American Operations Center to Charlotte and the more than 200 jobs the company will bring to our area. This announcement clearly strengthens Charlotte's reputation as a distribution hub," said Charlotte Mayor Anthony Foxx. "XPO Logistics is well positioned to leverage Charlotte's integrated transportation network and talented workforce to enhance their company and our community."
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