Freight transportation and logistics services provider Averitt Express said this week it is expanding its Lexington, Ky.- and Cincinnati, Ohio-based warehouse operations in an effort to meet shipper needs for flexible shared warehouse space.
Averitt has been providing warehouse services for more than ten years, providing value-added warehousing and distribution services for companies in multiple vertical markets, including medical devices, apparel and automotive, according to company officials. The company also provides international distribution services, including container transloading, and flexible, multi-customer warehouse space throughout the U.S. and build-to-suit solutions.
“The principal driver for expanding our warehousing services was customer demand,” an Averitt spokesman told LM. “Our customers were telling us they had a need for additional warehouse space, and we showed a willingness to be creative with our assets and provide them with solutions. Several months ago, we started seeing signs that indicated this would be a viable service, and it has proven to be a sustainable solution.”
And by expanding warehouse operations in these two locations the spokesman explained that Averitt is able to provide customers with more space with no long-term contract, meaning that there is less risk on their part. He said that Averitt has multiple customers in each market taking advantage of its warehousing services, and enough space for future customers to enjoy these benefits, too.
In terms of the competitive benefits for Averitt that this expansion provides, the spokesman said that its customers could have sought out other companies that provide warehousing services, but that would have required long-term contracts and higher costs. Instead, he said, Averitt can bring value-added services to the mix, coupled with four decades of transportation and logistics experience.
“As the U.S. economy begins to improve, companies are looking for flexible warehousing options to accommodate spiking inventory levels. The Lexington and Cincinnati markets are ideal locations for shippers needing space for storage, processing and distribution between the Northeast and the rest of the country,” said Phil Pierce, executive vice president of sales and marketing, in a statement.