Axle Logistics, a 3PL company based in Tennessee, will invest $37.9 million to expand logistics operations at its Knoxville headquarters. The expansion will create 651 new jobs in Knox County over the next five years. Axle Logistics will construct an 85,000-square-foot facility adjacent to its existing operations. The company has experienced significant growth since its founding in 2012. This investment is expected to contribute to the state's economy and quality of life.
Frequently Asked Questions (FAQs)
1. What announcement did Governor Lee and Commissioner McWhorter make regarding Axle Logistics?
Answer: Governor Bill Lee and Department of Economic and Community Development Commissioner Stuart C. McWhorter announced that Axle Logistics, LLC will expand its logistics operations at its Knoxville headquarters.
2. What will be the impact of Axle Logistics' expansion in Knoxville?
Answer: The expansion of Axle Logistics' headquarters in Knoxville will create 650 new jobs in Knox County.
3. How significant is the expansion of Axle Logistics for Tennessee's workforce?
Answer: This expansion marks a significant growth for Axle Logistics as it will nearly triple the company's headcount in Tennessee.
4. When did Axle Logistics originally open its headquarters in Knoxville?
Answer: Axle Logistics opened its headquarters in Knoxville roughly 10 years prior to the announced expansion.
5. Where can I find more information about the Axle Logistics expansion in Knoxville?
Answer: More information can be found on the Tennessee Department of Economic and Community Development's website (https://www.tn.gov/ecd) or through local news outlets covering the development, such as WATE (https://www.wate.com/news/knox-county-news/650-new-jobs-coming-to-knox-county-as-axle-logistics-expands/).
Please note that for the latest information and updates, refer to the official announcements or the company's press releases.