Third-party logistics company Lighthouse Transportation Services LLC plans to create 64 well-paying jobs for Kentuckians over the next few years thanks to the company’s strong growth in Covington.
Having grown too large for its current offices in Kenton County, Lighthouse executives will move to larger premises at 722 E. Scott St. The move comes as part of an overhaul to focus Lighthouse’s services on technology, a change resulting in increased efficiency and customer demand.
âWe are delighted to continue our tremendous growth in the town of Covington and appreciate how amazing they have been in this process,â said Lighthouse CEO Nick Lanham. “Our collective investment will allow us to evolve and continue to invest in people and technology.”
The investment of $ 400,000 to lease and modernize the new facility positions Lighthouse for future growth and will allow the company to gradually increase its workforce over the next decade.
This year, Lighthouse executives reorganized their strategy to digitally transform the business. To that end, the company hired Silicon Valley founder and chief technology officer Jeff Dangelo to reinvent the supply chain experience through technology and transparency.
âLighthouse is truly a northern Kentucky entrepreneurial achievement,â said Kenton County Judge / Executive Kris Knochelmann. âThe founders have grown steadily, enriching their team and incorporating technology to fuel their success. Congratulations to the Lighthouse team on their new headquarters and the 64 new full-time jobs they are creating in Kenton County.
Lighthouse has also invested in Turvo, a supply chain network software designed to help shippers, logistics providers and carriers collaborate and operate more efficiently. The technology automates over 75% of the company’s manual tasks and provides its customers with a world-class experience. The impact has been huge, helping Lighthouse more than double its revenue from last year and attract several outsourced shipper customers already this year.
Complementing the company’s new strategies, Lighthouse announced in June its acquisition of Florence-based freight forwarding company NTL Trucking, further strengthening Lighthouse’s growth and enabling it to expand its service offerings.
Founded in 1987, Lighthouse provides logistics services to Fortune 500 companies as well as fully outsourced supply chain technology and managed services to small and midsize shippers.
âLighthouse is a shining example of an innovative company leveraging technology to grow its business and add employees to the Cincinnati area,â said Lee Crume, CEO of Northern Kentucky Tri-ED. âWith our manufacturer base and our two global cargo hubs at Cincinnati / Northern Kentucky International Airport (CVG), logistics and transportation companies play a vital role in the growth of our region’s technology economy. “
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) approved a 10-year incentive agreement with the company in August as part of the Kentucky Business Investment Program. The performance-based agreement can provide up to $ 350,000 in tax incentives depending on the company’s investment of $ 400,000 and annual goals of:
â¢ Creation and maintenance of 64 full-time jobs for residents of Kentucky over 10 years; and
â¢ Pay an average hourly wage of $ 27, including benefits, for these jobs.
By meeting its annual targets over the term of the agreement, the business may be eligible to retain a portion of the new tax revenue it generates. The company can claim eligible incentives for its income tax and / or employee contributions.
Additionally, Lighthouse may receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, businesses can benefit from free recruitment and placement services, personalized training at low cost, and job training incentives.
For more information on lighthouse transport services, visit golighthouse.ai