Kentucky is a centrally located southern state. Also known as The Bluegrass State, it has a long history of manufacturing that continues today. Kentucky has a growing economy, and its cities are often listed as great places for business and community. When your company is looking for a shipping and storage hub 3PL Warehouse Companies in Kentuckyoffer an economically sensible and central base.
Kentucky has a diverse landscape with many resources, including the world’s longest cave system, Mammoth Cave National Park, and vast navigable waterways and streams. The state is bordered by rivers on three sides, the Mississippi River to the west, the Ohio River to the north, and the Big Sandy River and Tug Fork to the east. Kentucky officially became the fifteenth state in the Union on June 1, 1792. In the early 1800s Kentuckians used canoes and flatboats to travel throughout the state on the extensive waterways. They would transport goods like herbs, corn, tobacco and livestock. By the 1820’s steamboats took over and “plied the state’s waterways, transporting goods valued at more than $10,000,000 annually.”
By the 1870’s the “Age of Railroading” began in Kentucky. From 1870 to 1900 railway mileage tripled. The Louisville & Nashville, Mobile & Ohio, Illinois Central, Cincinnati-Southern, Chesapeake & Ohio and Norfolk & Western plus a host of intrastate lines competed with each other in various regions of the state. The ease of transportation that came with railways allowed for expansion of Kentucky’s economy. Coal production rose to a million tons in 1879. By the end of the century the output equaled more than 5,000,000 tons. The production of oil and natural gas also increased as did the mining of limestone, zinc, lead and flurspar. During this time manufacturing was also on the rise. “Between 1870 and 1900 the value of the state’s manufactured goods tripled to the amazing figure of $150,000,000, and the number of wage earners doubled to some 65,000. Increased manufacturing activities centered in the Bluegrass, although the production of hard-ware, dry goods, and textbooks, the milling of flour, the distilling of whiskey and the processing of plug and smoking tobacco gave Louisville commercial domination in the state.”
This strong legacy of manufacturing continues today. Manufacturing makes up 15% of the overall employment in the state while trade, transportation and utilities make up another 20%. Forbes notes that “The state has 474 motor vehicle-related facilities that employ 86,672 workers. Kentucky produces the third most cars of any state in the U.S.” Kentucky exports reached a record $22.1 billion in 2012, with products and services going to 199 countries. The cost of doing business is 5.5% below the national average. Job growth is projected to continue throughout the state. There are two well established cities that stand out as centers for business in Kentucky.
3PL Warehouse Companies in Lexington
Lexington is located in the central, Bluegrass Region of Kentucky. Forbes ranks Lexington 16th on its list of Best Places for Business and Careers. Livability also ranks Lexington on it’s list of 100 Best Places to Live saying, “But what you may not know about Lexington is its affordability, vibrant cultural scene, highly educated population, and welcoming vibe that delights both visitors and residents.” Lexington has several universities including Transylvania University, the University of Kentucky and Bluegrass Community & Technical College. Lexmark International is headquartered there, as well as ECampus.com, and Ouibox. Mayor Jim Gray says, ““Lexington is progressive, open-minded, ambitious and aspirational. There is an emerging technology scene and an entrepreneurial spirit here, which is drawing young people who want to stay and live and raise families – all encouraging signs of a progressive city.” The city also has a thriving arts community which includes a professional orchestra, two ballet companies, professional theatre, several museums and a highly respected opera program at the University of Kentucky. The Festival of Bluegrass, Kentucky’s oldest bluegrass music festival is also held in Lexington.
3PL Warehouse Companies in Louisville
Louisville is located in the northern part of the state. It is often describes as a city that has southern hospitality mixed with Midwestern progress. Louisville sits along the Ohio River. Forbes notes that, “Recently, Louisville has emerged as a major center for the health care and medical sciences industries. Louisville has been central to advancements in heart and hand surgery as well as cancer treatment.” Livability highlights that, “The airport houses the worldwide hub of UPS. Students can attend the University of Louisville, and other key economic sectors are healthcare, medical sciences and whiskey distillation.” Several Fortune 500 companies are headquartered in Louisville including Humana Inc, Yum! Brands and Kindred Healthcare Inc. The city is also home to the annual Kentucky Derby.
Kentucky is a major transportation and manufacturing hub. The state has low costs for business and an exceptional workforce. There are culturally rich and diverse cities for business and employees to thrive in. There are several airports including the Louisville International Airport. There are extensive railways with more than a dozen active companies. Many major interstate highways run through Kentucky including I-24, U.S. Route 421 and I-75. The Bluegrass State is expected to continue with steady economic growth over the coming years. When your company is looking for a transportation and warehouse hub Kentucky offers a great location with easy access to the Continental United States. Contact usfor more information on the best 3PL warehouse solutions for your company.