Indianapolis Mayor Greg Ballard joined executives from Old Dominion Freight Line Inc. on Wednesday, Aug. 17, to announce a major expansion of the company’s regional hub in Indianapolis. Old Dominion will invest nearly $22 million to upgrade and enhance its existing facility at 3915 W. Morris St. and will hire 183 new employees by 2014.
As part of the expansion, Old Dominion will be increasing the Indianapolis service center by more than 84,000 square feet – from 223 doors to 325 doors, making it one of the largest centers in the company’s network. “Old Dominion’s decision to expand its regional hub in Indianapolis is a testament to the fact that our superior location coupled with quality our infrastructure and strong labor pool provides an ideal place for logistics companies to thrive,” Ballard says.
The expansion is part of the company’s plans to spend $100 million to $120 million this year to purchase real estate and expand facilities throughout its network. “Indianapolis is an important location for us, and this expanded facility will help us handle the increased freight volumes we’ve seen from customers,” says David Congdon, Old Dominion’s president and chief executive officer. “As we continue to grow as a company, the expanded Indianapolis service center will play a vital role in how freight moves through the Midwestern region of the country.”
Based on Old Dominion’s planned job creation and capital investment, Develop Indy will support personal and real property tax abatement for approval by the Metropolitan Development Commission. “Indiana’s supportive business climate and strong logistics infrastructure has attracted the attention of industry leaders throughout the nation,” says Gov. Mitch Daniels. “We are very pleased to add Old Dominion to a growing list of great companies that are choosing Indianapolis as the right place to expand their business.”