Old Dominion Freight Line is expanding in the Midwest by adding 84,000 square feet and more than 100 doors to its Indianapolis terminal, and hiring 183 people.
The North Carolina-based less-than-truckload carrier will spend $22 million to upgrade a location it says has become a key regional hub in the Midwest. It’s the tip of a $100 million to $120 million plan to expand ODFL’s physical footprint by purchasing real estate and expanding facilities throughout its network.
“This expanded facility will help us handle the increased freight volumes we’ve seen from customers,” said David Congdon, ODFL president and CEO.
The tonnage moved through the carrier’s 213 service centers rose 14 percent in the second quarter, when ODFL’s profit leaped 83.1 percent to $39.4 million.
“The expanded Indianapolis service center will play a vital role in how freight moves through the Midwestern region of the country,” Congdon said.
The expansion is good news for Indiana, where the economy is improving. The state unemployment rate dropped from 10.3 percent a year ago to 8.3 percent in June.