FedEx to invest $1.5 billion in logistics hub in Paris at Charles de Gaulle Airport

FedEx to invest $1.5 billion in logistics hub in Paris at Charles de Gaulle Airport

Posted By : STAT Times 18-10-2016 00:00:00

Oct 18, 2016: FedEx Express to invest in logistics hub at Charles de Gaulle Airport (CDG) in Paris to double the capacity of its logistics activities. The commitment of FedEx consists of an investment of 200 million euros and a 30-year lease.

This was announced in the presence of the President of the French Republic, François Hollande.

"This investment is part of our growth strategy. Our network creates additional capacity and enables more business relationships across Europe and around the world, "said David Binks, president of FedEx Express Europe and CEO of TNT.

"The expansion, combined with the recent takeover of TNT, supports the ever-evolving needs of our customers and global markets. At the same time, we are even better able to meet trends such as cross-border e-commerce. "

The construction of the new facility is scheduled to start in the summer of 2017 and is scheduled to go into operation in 2019.

After completion, there will also be an automatic sorting system for oversized shipments - this is unique to FedEx Express worldwide and takes account of the growing trend of growing e-commerce. As part of the company's sustainability strategy, the new building will be HQE (High Quality Environmental Standard) and Breeam certified, which means it is built with environmentally-friendly materials and equipped with LED lighting. In conjunction with the important investment, FedEx assumes that new jobs will be created in addition to existing jobs in CDG.

"At FedEx, we are able to pick up, transport and deliver a shipment of 95 percent of all people and almost any business worldwide," said David Bronczek, president & CEO, FedEx Express. "The expansion of our Paris hub is an example of how we continue to invest to transport goods more quickly and reliably across borders. For our customers, this means they can reduce costs, improve their supply chain, and find new opportunities for growth and profitability. "

FedEx Express has been active in France since 1985.

In 1999, Paris-Charles de Gaulle became the central European hub and is currently the largest FedEx hub outside the US. The FedEx hub in Cologne and the TNT hub in Liège, Belgium will continue to play an important role for the company.

TNT Express also plans to open a new facility in the Parisian region.

FedEx has made significant investments in France in recent years, has opened 19 stations since 2011, and bought the national Carrier Tatex in 2012. FedEx is now present in 48 French cities.

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