The U.S. and Kentucky economies continue along in an economic expansion that last July became the longest in national history – more than 10 years – and the state’s wise men and women sense that 2020 will be another year of growth. They also see the state being on the cusp of much better things if it channels the benefits toward solving its problems.
The broad retail trend of growing e-commerce benefits logistics-intensive Kentucky. The state continues to leverage a geography that allows for quick delivery to the majority of a U.S. market that remains the largest and strongest in the world. UPS Airlines and Worldport operations in Louisville are expanding, as is DHL Express and its Americas Hub in Northern Kentucky. And anticipation mounts as e-commerce behemoth Amazon is in the process of establishing its first Prime Air hub facility across the street from DHL at Cincinnati-Northern Kentucky International Airport (CVG). The state’s logistics mega-assets are attracting other business and jobs as well, making the commonwealth’s management of its transportation infrastructure ever more important. This growth will feed ongoing demand for more single- and multifamily home building, a sector that in turn creates business for everyone from construction companies to appliance and mattress retailers.