Home > Uncategorized > Logistics – the future for Morgan County

Logistics – the future for Morgan County

IT’S YOUR BUISNESS Column
HoosierTimes Sunday, July 17, 2011
By Joy Sessing

 

Indiana is called “the crossroads of America” for good reasons. Consider the following:

  • 75 percent of the nation’s population and businesses are located within one day’s truck drive of Indiana;
  • Indiana ranks first in interstate highway access with 14 interstates;
  • The state ranks ninth in rail miles;
  • The Hoosier state is among the top 10 in airborne cargo and 14th in maritime shipping;
  • The sixth largest air cargo airport in the nation is Indianapolis International Airport;
  • 724 million tons of freight travel through Indiana, making it the 5th busiest state for commercial freight traffic;
  • Perhaps more important, Indiana is among the top 10 states in per capita logistics employment.

So, what is this industry called logistics? In its simplest form, it is getting goods from one location to another. However, it is really more than that. It is also the storing of inventory, managing the supply chain, as well as directing distribution and processing of manufactured goods. Logistics companies require some similar characteristics in their locations as manufacturing firms; however, the availability of transportation networks is key.

Why is Morgan County targeting the logistics industry? Some influential developments are major factors in why logistics is a significant industry for Morgan County. The extension of I-69 is a work in progress now. Construction on it has started in Evansville and is going north. The I-69 corridor, as identified by Indiana Department of Transportation, goes through Morgan County.

Another critical development is the expansion of the Indianapolis International Airport. The airport plans to construct a new runway south of the existing ones that will expand its capabilities for increased air traffic.

The airport has plans for an “aerotropolis.” The aerotropolis concept was created by Dr. John D. Kasarda, director of North Carolina’s Frank Hawkins Kenan Institute of Private Enterprise. His strategy includes an overall plan that makes the airport a key player in global production. This is done by developing airport-related businesses near the airport and surrounding areas.

The jobs in the logistics industry are important for Morgan County. Logistics careers pay about 14.5 percent higher than average private industry jobs. It has been forecast that there will be approximately 18,000 new logistics job openings in Indiana by 2016.

Stay tuned for more information about the exciting logistics industry and its importance to the economic vitality of Morgan County and central Indiana.

 

Thanks to Conexus Indiana (conexusindiana. com) for statistical information contained in this article.

Joy McCarthy Sessing is the economic development director in Morgan County. Next week’s column will be from our executive panel with ties to the Crane Naval Surface Warfare Center.

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: