Freight Volume and Value
-
Current Freight Movement: In 2022, Kentucky's freight system transported 502 million tons of goods valued at $605 billion, ranking it 15th in the nation for freight value.
-
Projected Growth: From 2022 to 2050, freight moved annually by trucks in Kentucky is expected to increase by 53% in weight and 99% in value, marking the 11th highest projected increase in the U.S.
Infrastructure and Investments
-
Logistics Facilities: Since 2017, Kentucky has seen nearly 250 new or expanded logistics and distribution facilities, with investments totaling over $5.7 billion and the creation of more than 18,600 jobs.
-
Strategic Location: Kentucky is within a day's drive of 65% of the U.S. population, enhancing its appeal as a logistics hub.
Employment and Industry Growth
-
Job Creation: The logistics sector in Kentucky employs over 91,000 people, with more than 7,500 full-time jobs announced across over 115 facility expansion and new location projects since 2020.
-
Regional Development: Northern Kentucky is projected to see a 7.4% growth in logistics employment by 2025, driven by its strategic position and infrastructure.
Export Growth
-
Record Exports: In 2023, Kentucky's exports reached a record $40.2 billion, a 16.6% increase from the previous year.
-
Top Export Categories: Aerospace products and parts led exports with over $13.3 billion, followed by pharmaceuticals, motor vehicles, motor vehicle parts, and basic chemicals.
Multimodal Infrastructure
-
Riverports and Rail: Kentucky's multimodal freight system includes riverports and rail facilities that are critical for efficient freight movement.
-
Air Cargo: Cincinnati/Northern Kentucky International Airport (CVG) is a significant cargo hub, with ongoing investments to enhance its capacity.