FedEx Express is to spend €200 million ($219.7 million) to increase capacity at its Paris Charles de Gaulle Airport (CDG) distribution hub, increasing capacity by 40 per cent.
Construction is set to begin in the summer of 2017 and is scheduled to be operational by 2019. The CDG hub will include an automated sorting system for large, over-sized packages, a first for FedEx Express and an increasing market trend as e-commerce grows.
FedEx Express president and chief executive officer (CEO), David Bronczek says: “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.”
FedEx Express Europe president and TNT CEO, David Binks adds: “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.”