Charlotte-based freight broker RXO will invest $13.7 million and add 216 jobs over the next few years as it expands its Ballantyne headquarters. The move will also support the retention of 890 jobs already in the state.

The new jobs are expected to be added between 2026 and 2028 and pay an average wage of $89,769. Mecklenburg County’s current average wage is $84,797. The jobs will include transportation brokers, logistics specialists, technology and data analysts, sales and account managers, and administrative staff. The new positions will bring an annual payroll impact to the community of more than $19 million per year, according to the state.

RXO is expected to complete its investment in improvements/construction ($9.8 million) and personal property ($3.9 million) by Dec. 31, 2026. The expanded space will include 150,208 square feet.

RXO’s expansion comes more than two months after it completed its $1.025 billion acquisition of Coyote Logistics from UPS, making it the third-largest provider of brokered transportation in North America. Coyote Logistics generated about $3.2 billion in revenue last year. RXO reported it expected at least $25 million in annualized cost synergies in the deal.

RXO operates an extensive global logistics network, connecting shippers with independent carriers for efficient transportation of freight via trucks, as well as other various means like ocean and air carriers. Leveraging strong technological capabilities, industry expertise, and customer relationships, the company streamlines the transportation process, reducing inefficiency.

RXO’s project in Mecklenburg County will allow the company to meet increased demand and will bring opportunities for transportation brokers, operational and logistics specialists, and technology and data analysts, among others.

“RXO is thrilled to renew our commitment to Charlotte and expand our operations here,” said RXO CEO Drew Wilkerson in a statement. “North Carolina’s strategic location, robust infrastructure, and skilled talent pool make it a vital hub for the transportation industry, and we’re proud to be a part of its continued growth.”

RXO reportedly also considered South Carolina for its new headquarters. Charlotte won out because of corporate financial factors, real estate costs and state and local incentives. State incentives for the deal total more than $2.4 million, while incentives from the city of Charlotte and Mecklenburg County total $400,285.

Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by nearly $498 million. The project’s projected return on investment of public dollars is 131%, meaning for every dollar of potential cost, the state receives $2.31 in state revenue.

RXO shares have traded between $18.75 and $32.82 in the past year and closed Monday at $30.42. It has a market capitalization of $4.93 billion. Revenue for 2023 decreased by 18.1% to $3.9 billion, from $4.8 billion in 2022, according to its annual report.