Transpoint Intermodal broke ground Tuesday on a $13.5 million cargo transfer facility on Fort Wayne’s southeast side, where the company plans to create up to 64 jobs.
The new Transpoint facility, which will be located on about 74 acres near the intersection of Adams Center and Paulding Roads, will be the first of its kind in northeast Indiana. It will be developed as an intermodal ramp used to load and unload international shipping containers, truck-to-rail or rail-to-truck.
Construction on the facility is expected to be complete by April 2017, with operations beginning the following month, according to a news release.
"Here in Indiana, we know that roads mean jobs, and that is especially true for our growing logistics industry," Gov. Mike Pence said in a statement. "Global companies like Transpoint Intermodal are choosing Indiana for job creation because of our state’s central location, our continued investments in infrastructure, and our efforts to create a pro-growth business climate."
Indiana Economic Development Corp. President Jim Schellinger and Fort Wayne Mayor Tom Henry joined executives from Transpoint for the groundbreaking.
The Hagerman Group, with locations in Fort Wayne and Fishers, is construction manager for the project.
Transpoint currently operates three intermodal facilities in Mexico employing more than 40 workers.
Locally, the new jobs are expected to be added by the end of 2019. Transpoint plans to begin hiring for positions including crane operators, dispatchers and security personnel by early 2017, with a hiring preference for military veterans. The new positions are expected to pay average annual salaries of about $50,000.
"Transpoint’s investment in southeast Fort Wayne is a tremendous win for our city and the region," Mayor Tom Henry said in a statement. "It will result in good jobs for local residents and help attract more related businesses such as distribution centers, and it will provide another consistent and cost-effective transportation option for key employers throughout our region."
Transpoint Intermodal’s Fort Wayne operation will be part of a global system specializing in moving containers to and from the Far East through Chicago, resulting in savings for customers. The Fort Wayne hub will be complemented by a hub currently planned for the Valparaiso area.
Jorge Medina is chief executive officer of Transpoint, which had previously announced plans for the development.
"Transpoint Intermodal and its investors are pleased to make this investment in northeast Indiana because we are convinced this is a needed service that will enhance shipping options into and out of the region," Medina said.
The Indiana Economic Development Corp. offered Transpoint Intermodal LLC up to $550,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
The Fort Wayne Redevelopment Commission has been working with Transpoint for the last several years to make the development a reality.
The commission sold the land where the transfer facility will be built to Transpoint LLC at a reduced rate of $2,000 an acre. The Commission acquired the land at no cost in March 2004 after the Adams Center Landfill closed. The Fort Wayne City Council approved a tax phase-in for Transpoint on June 7.