Print
Maritime

Incentives Recipient Revealed: Logistics Company Near Port To Create 75 Jobs

By Johanna F. Still, posted Aug 2, 2022
A transportation logistics company has plans to construct a 150,000-square-foot facility near the Port of Wilmington. (File photo)

Gov. Roy Cooper announced on Tuesday a third-party logistics provider will create 75 new jobs in New Hanover County. 

Port City Logistics plans to construct a 150,000-square-foot “high velocity” transload facility with cross-dock doors located near the Port of Wilmington. This buildout will cost around $16 million and will introduce a warehouse storage space designed to help streamline trucking solutions at the port. 

The company could be eligible for up to $337,000 in state and local incentives, provided it meets specific job-creation goals. 

The company was founded in 2001 in Savannah, Georgia and currently has 14 warehouses in the area totaling more than 3.5 million square feet of space. With a fleet of 90 trucks, Port City Logistics offers integrated capacity solutions for transportation logistics. 

Port City Logistics is in the midst of expanding into new markets and eyed Wilmington for its growth potential. When considering the expansion, the company also considered Savannah, Mobile and Charleston, according to a release. 

Offering both brokerage services and on-the-ground warehousing and transportation solutions, the company specializes in drayage trucking. 

“We are thrilled to expand into the North Carolina market so that our customers can enjoy the benefits of the Port of Wilmington with the fastest turn times in the U.S.,” Eric Howell, CEO of Port City Logistics, said in a press release. “We are always looking for ways to pursue excellence and create innovative supply chain solutions and by spending time with the teams at NC Ports and Wilmington Business Development, we saw great alignment and knew Wilmington was where we needed to be.”

On Tuesday morning, the N.C. Council of State approved a land sale for the project of 42.2 acres owned by the N.C. State Ports Authority at 187 Raleigh Street for $2.15 million. Port City Logistics will also open up offices in downtown Wilmington, according to a release.

The North Carolina Department of Commerce approved a performance-based grant of $112,000 from the One North Carolina Fund to support the expansion, the governor's office announced Tuesday. This grant is based on the creation of 75 jobs with an average annual salary of $64,833, reaching a total annual payroll addition of $4.8 million. 

“International trade and transportation have been mainstays in Greater Wilmington’s economy since the Colonial era, and we’re now seeing a 21st century version of this important legacy industry with the arrival of companies like Port City Logistics,” Scott Satterfield, CEO of Wilmington Business Development said in a release. “Their business model leverages cutting-edge technologies, pays great wages and serves a market that includes top global manufacturers and distributors.”

Wilmington Business Development confirmed Port City Logistics is “Project Speed,” a previously unnamed company approved for $112,500 in combined local incentives this spring. In the approval, Wilmington agreed to pay the company $9,000 annually over a five-year term and New Hanover County will contribute up to $13,500 annually. 

The state community college system also will pitch in $112,500 in an in-kind job training incentive for the company, according to N.C. Department of Commerce spokesperson David Rhoades. 

Among the tranch of local incentives approved this year, Port City Logistics and MegaCorp Logistics (another third-party logistics provider) are two that have been named so far; two more still remain publicly undisclosed. 

“We are excited to partner with Port City Logistics, Inc. to provide current customers and North Carolina businesses an opportunity for greater flexibility and increased capacity,” Brian Clark, North Carolina State Ports Authority executive director, said in the release. “The North Carolina State Ports Authority has made significant capital investments to enhance capabilities at the Port of Wilmington. This partnership will increase local cargo volumes, while further enhancing our state’s economy.”

This is a developing story and will be updated this afternoon with more details.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Billcoleman lopw headshot

Reaping The Benefits Of Patience

Bill Coleman - Live Oak Private Wealth
Kellyerola headshot lcflc

Hospice Care in Nursing Homes Provides Needed Specialized Care

Kelly Erola - Lower Cape Fear LifeCare
Jasonpathfinder3

Finding Success in Succession Planning

Jason Wheeler - Pathfinder Wealth Consulting

In The Current Issue

Country Connection

While North Carolinians living in urban areas are speeding forward on the information highway, many of their rural neighbors – some 226,000...


Against The Odds, Print Company Expands

Serial entrepreneur Carlton Brown ran a print company out of his Carolina Beach condominium for years without knowing how to turn on a copy...


‘Bleisure’ Travel On The Rise

Kim Hufham, president and CEO of the Wilmington and Beaches Convention and Visitors Bureau, said business travel to the area has started to...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100