Fortune 500 company plans distribution hub near CVG

EXCLUSIVE: Fortune 500 company plans distribution hub near CVG

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May 26, 2016,  1:29PM EST

A Fortune 500 commercial fleet and management, dedicated transportation and supply chain solutions company is planning a distribution hub near Cincinnati/Northern Kentucky International Airport.

Ryder Integrated Logistics Inc., part of Ryder System Inc., is considering opening a new logistics facility in Hebron that will serve as a distribution hub for national retail brands, according to a report released by the Kentucky Economic Development Finance Authority. The total investment in the building and improvements would be $3 million and the facility would create 90 jobs.
Officials with Ryder (NYSE: R) were not immediately available for comment.

Under the proposed project, Ryder Integrated Logistics would spend $3 million on building / improvements. The new jobs would pay an average hourly wage, including benefits, of $18.

According to a project description, Ryder is one of the largest logistics companies in the country, leasing trucks and serving as a third-party logistics provider. An exact address for the new logistics facility was not included in the report.

Ryder Integrated Logistics’ proposed project received preliminary approval for a tax incentive of $500,000 over 10 years from the Kentucky Business Incentive program for building / improvements.

Ryder is a Miami-based provider of transportation and supply chain management solutions to small businesses and large enterprises worldwide. The $6.6 billion company operates three business segments – fleet management solutions, supply chain solutions and Ryder Dedicated. Ryder has more than 33,000 employees, 231,900 vehicles managed and more than 275 warehouses with more than 40 million square feet managed globally.

Tom Demeropolis Senior Staff Reporter Cincinnati Business Courier