Improving Business in the Wilmington Region
MegaCorp Logistics Will Create 300 New Jobs as it Expands in Wilmington
March 8, 2022 (Wilmington, N.C.) – MegaCorp Logistics, one of America’s top freight brokerage firms, will launch an expansion to its Wilmington operations over the next five years, growing its workforce by 300 jobs, company officials announced today.
“We have a presence and opportunity to expand in multiple markets, but our commitment to Wilmington is steadfast,” said Ryan Legg, MegaCorp’s Chief Executive Officer. “Our partnership with Wilmington Business Development specifically helped to reaffirm the decision and navigate the process at the local level. We are excited to continue our growth trajectory here at home.”
Founded in 2009, MegaCorp specializes in full truckload shipments servicing all U.S. business sectors. The company works with partners to arrange freight transportation and intermodal logistics to a customer base that ranges from small, privately held firms to Fortune 500 corporations. MegaCorp successfully shipped 200,000 truckloads in 2021. The company is ranked nationally as a top 40 brokerage company by Transport Topics, a transportation industry news service in Arlington, Va.
MegaCorp, which is headquartered in Wilmington, currently employs 567 people, with 375 in the region. The company’s new positions will include operations personnel, sales professionals, support staff and other workers. Salaries for the 300 new jobs will average $62,917 in annual compensation. The company’s expansion will spark nearly $18.9 million in yearly payroll impact for the region.
“As the nation struggles with supply-chain challenges, MegaCorp – a homegrown New Hanover County business – is responding with innovative logistics solutions that enhance connections among products and customers,” said Julia Olson-Boseman, Chair of the New Hanover County Commissioners. “New Hanover County and our economic development partners have been intentional in creating an environment where businesses can grow and thrive, and the expansion of MegaCorp is a reflection of that commitment. We are proud to support them in the growth of their logistics operation, the new jobs they will bring to our county, and the additional contributions they will make to our local economy.”
Wilmington Mayor Bill Saffo called MegaCorp’s expansion, “a validation of the city’s longstanding efforts to create high quality jobs by investing in the building blocks of a prosperous local economy.” He commended the city’s economic development partners for their collaboration. “Wilmington has the assets, infrastructure, and workforce that growing companies like MegaCorp need. In supporting the expansion of an established local business, these new jobs create opportunities for existing residents to share in the benefits of our growing economy,” Saffo said.
New Hanover County and the City of Wilmington both recently approved performance-based incentives in support of MegaCorp. Local government officials, along with Wilmington Business Development (WBD), worked together to facilitate the company’s selection of Wilmington for the expansion. Jacksonville, Fla., and Cincinnati, Ohio, also competed for the project.
“Supply-chain issues continue to complicate global commerce, and the answer rests in great businesses like MegaCorp that apply creative solutions, innovative partnerships and excellent management principles in addressing customer needs,” said Scott Satterfield, Chief Executive Officer of Wilmington Business Development. “I’m proud of the success that has led this Wilmington-born company to its next big step and look forward to joining our partners in supporting MegaCorp’s continued success here.”
Founded in 1956, Wilmington Business Development oversees business recruitment and industrial retention for the City of Wilmington, New Hanover County and Pender County. A private, non-profit organization, WBD supports members, partners and allies through an array of technical expertise, leadership resources and value-added business services. For additional information, visit www.wilmingtonbusinessdevelopment.com
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