Technology is transforming the transportation industry, and Kentucky companies are plugged into the latest developments.
Verst Logistics began as a trucking company but has grown into a diversified logistics company today, including packaging and other operations. Personnel, technology investments drive double-digit growth in a fast-changing market, says Verst Logistics CEO Paul Verst to the Lane Report's Mark Green.
Another major player in logistics in the region is the homegrown Verst Group Logistics, a family-owned business created in 1966 that is headquartered in Walton, not far from the airport. The company stresses that anything deliverable by truck it can “pick, pack and ship” to its destination inside of two days to 85 percent of the U.S. population.
Kentucky has an undeniable geographical advantage when it comes to product distribution and it shows. Since January 2001, Kentucky has logged 400-plus announcements about companies either locating logistics or distribution facilities in the state or expanding existing operations, according to the New and Expanding Industries Report from the Cabinet for Economic Development. The companies created 23,500 jobs and saved about 550 in jeopardy of elimination, the report said. Paul Verst, president and CEO of Verst Group Logistics, based in Walton, heads a 3PL company that has grown steadily in recent years. “The big change that you’ve seen is that in the past logistics was never a board room topic,” Verst said. “But it is now because they are beginning to see how much money is being invested in it.” Verst also talked about how e-commerce is “exploding” and creating plenty of opportunities for companies that handle logistics and distribution.