 Cabot was often overshadowed in northern Lonoke County by what at the time was the much larger city of Austin (originally named Oakland), which was briefly considered for the state capital.However, Cabot experienced growth during the 1950s and 1960s, due to its proximity to the Little Rock Air Force Base in nearby Jacksonville which opened in 1955.Major transportation routes near/through Cabot are the railroad (currently owned by Union Pacific), the "old highway to St. Louis" (currently Arkansas Highway 367), and US Highway 67/167.