Tennessee Governor Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Axle Logistics, LLC officials announced today the company will invest $37.9 million to expand logistics operations at its Knoxville headquarters.
Axle Logistics will create 651 new jobs in Knox County over the next five years, nearly tripling its total headcount in Tennessee.
As part of the project, the company will construct an 85,000-square-foot facility adjacent to its existing operations on North Central Street. The additional space and staff will allow Axle Logistics to better meet the ongoing growth it has experienced since its founding in 2012.
Axle Logistics, LLC is a Tennessee-based, third-party logistics (3PL) company that serves an array of transportation customers across the U.S., Canada and Mexico. Today, the company is headquartered in Knoxville, Tennessee, with one satellite office in Chattanooga.
Since 2019, TNECD has supported nearly 20 economic development projects in Knox County, resulting in approximately 1,800 job commitments and $125 million in capital investment.
QUOTES
“Creating greater opportunity for Tennesseans is one of my top priorities, and I thank Axle Logistics for bringing hundreds of new jobs to the Greater Knoxville Area. Our state’s economy and quality of life will increase in the years to come because of today’s announcement.” – Governor Bill Lee
“I congratulate Axle Logistics on this expansion and thank the company for creating more than 650 new jobs in Knoxville. This region is equipped with a skilled workforce, the right educational assets and leaders that ensure Knoxville and Knox County prosper, which in turn, will also ensure this company’s success.” – TNECD Commissioner Stuart C. McWhorter
“I would like to thank the TNECD along with the Knoxville and Knox County mayors for their support in this exciting next step. Axle Logistics is committed to creating more jobs while doing our part to retain the country’s best and brightest right here in East Tennessee.” – Shawn McLeod, president, Axle Logistics
“This is an extraordinary company and a leader in the logistics industry that started with only two people – both University of Tennessee (UT) graduates – and has grown exponentially in just seven years. Not only does our area benefit from this expansion, but it also illustrates the importance of keeping talented UT graduates here in our region.” – Knox County Mayor Glenn Jacobs
“We want to create great spaces and strengthen our neighborhoods, and Axle Logistics is doing its part on North Central Street. They’ve done an outstanding job renovating and breathing new life and beauty into an abandoned car dealership that had sat vacant for decades. Now, they’re growing so fast, they’re investing in an 85,000-square-foot new building next door. Axle Logistics is the kind of company we want in Knoxville. They’ve been recognized as a top workplace, and this expansion represents hundreds of new high-paying jobs.” – Knoxville Mayor Indya Kincannon
“TVA and Knoxville Utilities Board congratulate Axle Logistics on its decision to expand operations and create hundreds of new job opportunities in Knoxville. It’s always an exciting day when we can celebrate a company’s commitment to continued growth in the region. We are proud to partner with the Knox County’s Mayor’s Office, Knox County Commission, Knox County Industrial Development Board, City of Knoxville, Knoxville Chamber and the Tennessee Department of Economic and Community Development to support companies like Axle Logistics and look forward to its continued business success in the Valley.” – John Bradley, TVA senior vice president of Economic Development
“I am grateful and encouraged Axle Logistics has chosen to expand its facility and operations in Knoxville. Tennessee’s pro-business policies and superior workforce are key drivers for corporate decision makers. This is outstanding news for the state, region and the city of Knoxville.” – Lt. Gov. Randy McNally (R-Oak Ridge)
“It’s exciting to see the expansion of Axle Logistics, a company with a great work environment. The new facility shows Knoxville is a welcoming place for a company to invest, and the promise of adding 650 additional jobs to Axle’s workforce is great economic news for the city and the county. Congratulations to Axle Logistics, as well as the local leaders and TNECD for their role in making this happen.” – Representative Gloria Johnson (D-Knoxville)
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: https://tnecd.com/
