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FedEx commits €1.4 billion to Paris Charles de Gaulle hub
FedEx has announced a commitment of over a billion euros to its logistics hub at Charles de Gaulle (CDG) airport in Paris.
This includes an investment of €200 million in a new sorting facility, which is due to open in 2019, and a 30-year lease on the hub.
The new facility will increase sorting capacity by over 40%, according to FedEx. It will include automated sorting for large and oversize packaging, making it the first of its kind for the company.
The number of oversized parcels has increased due to the growth of ecommerce in recent years, and FedEx seeks to stay ahead of emerging market trends.
CDG became FedEx’s main European hub in 1999, its largest outside of the US. Its expansion forms part of FedEx’s strategy in Europe, where the company has another hub in Cologne, Germany, and will be making use of the TNT hub in Liege, Belgium, following FedEx’s acquisition.
French president Francois Hollande attended the announcement ceremony this morning.
(Source: Air Cargo News)