The fastest-growing company in the Indianapolis area is making plans for more growth throughout the state.
Hoosier Logistics Inc. on Thursday announced plans to spend more than $1.65 million to consolidate its operations in Indianapolis under one roof and open a satellite office in Fort Wayne.
The expansion is expected to create 35 jobs in Indianapolis and 10 in Fort Wayne over the next few years, adding to the 4-year-old company’s existing workforce of 34. Positions will be in in carrier sales, account management and operations.
The company said it plans to bring corporate functions for its subsidiaries, including trucking firm Midwest Transportation Solutions and Midwest Transportation Leasing under one roof.
Hoosier Logistics, 155 E. Market St., said it is in negotiations for office spaces in Fort Wayne and downtown Indianapolis.
The Indiana Economic Development Corp. offered Hoosier Logistics Inc. up to $700,000 in conditional tax credits based on the job-creation plans in Marion and Allen Counties. The incentives hinge on the company’s ability to meet hiring goals.
The company said it also plans to spend $5 million in to purchase trucks and equipment for a new truck terminal location in Columbus.
Hoosier Logistics saw its revenue grow 630 percent from 2016 to 2018, to $42.4 million, placing it first on IBJ’s latest list of fastest-growing area companies.
The company provides logistics services including full-service warehousing, single expedited shipments, and temperature-controlled storage and delivery for health care goods and food products.