Kentucky Trailer has announced that it is moving its operations to a new location in the Jefferson Riverport as part of an expansion that represents an investment of $18.5 million over the next several years. The move will allow the company – which has been located on South Third Street in Louisville since 1936 – to retain its existing 286 jobs in Louisville and ultimately create 182 new manufacturing jobs. The expansion will result in a total annual payroll of $20 million.
Kentucky Trailer manufactures custom-built truck trailers for numerous industries, including moving and storage, snack food, package delivery, auto transport, mobile medical, mobile command and other custom-designed uses. It also has a Louisville Division, Kentucky Trailer Services, that provides trailer repair and refurbish services, after-market parts sales and used trailer sales.
The company expects to be operational in the new facility by March 2009.
In addition, Kentucky Trailer has reached an agreement with the University of Louisville to sell its existing site to the University of Louisville Foundation for future campus expansions. U of L President James Ramsey called the agreement a “major milestone for the University of Louisville,” noting that “it opens the door for a dramatic transformation as our Belknap campus grows from 287 acres to nearly 320 acres.”
“This was a truly unique win all around for our local economy with Kentucky Trailer being able to modernize and expand local operations, maintain and grow jobs, as well as find the perfect buyer for their current property,” Louisville Mayor Jerry Abramson said.