A growing third-party logistics firm plans to create dozens of jobs and will move its headquarters to a larger office in Northern Kentucky.
Lighthouse Transportation Services LLC plans to create 64 jobs over the next 10 years. The company also has outgrown its current space at 100 W. Sixth St. in Covington and will relocate to a larger facility at 722 E. Scott St. The move comes during an overhaul to center Lighthouse’s services on technology, a change prompting increases in efficiency and customer demand.
Nick Lanham, CEO of Lighthouse, said he looks forward to continue growing in Covington and appreciates “how amazing they have been in this process.”
“Our collective investment will allow us to scale and continue investing in people and technology,” Lanham said in a news release.
Lighthouse will make a $400,000 investment to lease and upgrade its new facility. This will provide the company room for future growth and to gradually expand during the next decade.
This year, Lighthouse leaders revamped its strategy with an eye toward transforming the business. The company hired Jeff Dangelo, a Silicon Valley tech founder and executive, 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. This has helped Lighthouse more than double revenue from last year and land several full-outsource shipper customers this year. (Dangelo is a Turvo co-founder.)
In June, Lighthouse acquired Florence-based NTL Trucking, a freight transportation company. This bolstered Lighthouse’s growth and allowed it to increase its service offerings.
Covington Mayor Joe Meyer said Lighthouse joins a growing group of corporate headquarters in the city.
“Lighthouse had looked for months for the right space to relocate because of its growth,” Meyer said in a news release. “Just when they were ready to make a decision on a location, we were able to connect them with a building owner who had just announced plans to renovate what turned out to be the perfect building for them.”
Lee Crume, CEO of Northern Kentucky Tri-ED, said Lighthouse is a key contributor to innovation in the supply chain.
“Lighthouse is a shining example of an innovative company that is leveraging technology to grow their business and add employees in the Cincinnati region,” Crume said in the release.
In August, the Kentucky Economic Development Finance Authority preliminarily approved a 10-year incentive agreement with Lighthouse under the Kentucky Business Investment Program. The performance-based agreement can provide up to $350,000 in tax incentives based on Lighthouse’s investment and creating and maintaining 64 full-time, Kentucky resident jobs and paying an average hourly wage of $27 including benefits across those jobs.
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.
