FedEx Express is to expand its distribution hub at Paris-Charles de Gaulle (CDG) Airport in a €200million investment. The shipping company said that it will implement technology able to increase packaging sorting capacity by upwards of 40 per cent.
The hub will have an automated sorting system for larger packages, a first for FedEx Express.
Construction is expected to begin next summer and be fully operational by 2019.
“This investment is part of the company’s network expansion strategy, creating more capacity and enabling more business connections in Europe and around the world,” said David Binks, president, FedEx Express Europe and CEO, TNT. “This new expansion, coupled with the recent TNT acquisition, supports the evolving needs of our customers and the global marketplace while increasing our ability to support trends like cross-border e-commerce.”
President & CEO, David Bronczek, FedEx Express, said: “At FedEx, we have the ability to pick up, transport and deliver an item from 95 per cent of the people on the planet, and most every business in the world, within one to two business days. This strategic expansion in Paris is an example of how we will continue to invest to move goods faster and more reliably across borders, which means our customers can decrease costs, improve their supply chain and identify new opportunities for growth and profitability.”
