Palmer Trucks announces $17 million investment in Indy, plans to create 220 jobs

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INDIANAPOLIS – Palmer Trucks, a family-owned logistics company, will expand operations in Indianapolis, creating up to 220 new jobs by the end of 2022 as part of a $17 million investment.

Gov. Eric Holcomb and Mayor Joe Hogsett were among those in attendance Tuesday to make the announcement.

The third-generation truck sales, parts and service provider has been in operation for more than five decades. The state said it’s one of the largest privately held businesses in Indiana.

“For 55 years, they have helped burnish our city’s reputation as the Crossroads of America, which is among our proudest, if not our most proud, title,” Hogsett said. “They will create hundreds of new jobs for the residents of Indianapolis while putting to use a fantastic industrial location on our city’s far east side.”

The expansion is especially notable while the country is in the midst of the coronavirus pandemic, which has disrupted daily life and battered the business sector, a point the governor also made.

“Today we are facing unprecedented challenges for sure,” Holcomb said. “But it’s days like today, commitments like we’re seeing today, that prove that Indianapolis, Indiana, is full of not just hope and promise but also of opportunity for Hoosiers who may be looking for some certainty in life.”

Holcomb commended the company for its corporate citizenship and its commitment to the city and state.

“It’s not just appreciated, it is so helpful in a time like this,” Holcomb said.

John Nichols, CEO of Palmer Trucks, said the company was proud to be a part of the city’s growth and history, adding that the investment was the largest in the company’s history “so far.”

“I’m really proud to be able to announce this today,” said Nichols, who also touched on the pandemic. “We never closed during all of this, we didn’t get anybody sick, and hopefully didn’t discourage anybody. We didn’t lay anybody off, but it’s been tough.”

Palmer plans to invest more than $17 million to expand operations in Indy. The company will establish a new facility, Kenworth of Indianapolis – East, and upgrade Kenworth of Indianapolis – West.

On the east side, Palmer will purchase and equip the former Celadon Group facility at 9704 E. 30th Street. It will house a diesel technician training center, parts warehouse, body shop, corporate offices and full-service Kenworth dealership.

Palmer expects the building to be fully operational by fall. If you are interested in applying with Palmer, click here.

Investments at the west side facility at 2929 Holt Rd. will allow the company to co-locate its Palmer Power & Truck Equipment operations there.

The company employs 650 people, including 350 in Indiana. Eldon Palmer founded the company in 1965. Palmer Trucks has a network of full-service dealers across Indiana, Kentucky and Ohio.

The Indiana Economic Development Corporation offered the company up to $2.9 million in conditional tax credits based on its job creation plan.

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