Lighthouse Transportation to add 64 jobs, move to larger office in Covington
COVINGTON, Ky. (WTVQ) – Third-party logistics firm Lighthouse Transportation Services plans to create 64 well-paying jobs for Kentuckians thanks to the company’s strong growth in Covington.
Having outgrown its current office space in Kenton County, Lighthouse leaders will relocate to a larger facility, at 722 E. Scott St. The move comes amid an overhaul to center Lighthouse’s services on technology, a change prompting increases in both efficiency and customer demand.
“While this expansion serves as yet another shining example of Kentucky’s national leadership in logistics, it also showcases our state’s strides in supporting tech-driven businesses like Lighthouse Transportation Services,” said Gov. Andy Beshear in making the announcement. “With its emphasis on innovation and commitment to providing Kentuckians with quality opportunities, Lighthouse is an excellent representative of Kentucky’s business community and offers further evidence of the commonwealth’s strong economic momentum. Congratulations to all involved in making this expansion happen.”
The $400,000 investment to lease and upgrade the new facility positions Lighthouse for future growth and will allow the company to gradually expand its workforce across the next decade.
“We are excited to continue our tremendous growth in the city of Covington and we appreciate how amazing they have been in this process,” said Lighthouse CEO Nick Lanham. “Our collective investment will allow us to scale and continue investing in people and technology.”
This year, Lighthouse leaders revamped their strategy with an eye toward digitally transforming the business. Toward that end, the company hired Silicon Valley tech founder and executive Jeff Dangelo to reimagine the supply chain experience through technology and transparency.
Lighthouse 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 more than 75% of the company’s manual tasks and gives its customers a world-class experience. The impact has been tremendous, helping Lighthouse more than double revenues from last year and land several full-outsource shipper customers already this year.
Complementing the company’s new strategies, Lighthouse in June announced its acquisition of Florence-based freight transportation company NTL Trucking, bolstering Lighthouse’s growth and allowing it to increase 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 mid-sized shippers.
Lighthouse adds to Kentucky’s thriving logistics and distribution industry, which employs nearly 80,000 people at 590 facilities statewide.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $350,000 in tax incentives based on the company’s investment of $400,000 and annual targets of:
- Creation and maintenance of 64 Kentucky-resident, full-time jobs across 10 years; and
- Paying an average hourly wage of $27 including benefits across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, Lighthouse can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.