FedEx to invest €200m in CDG hub

International delivery company FedEx Express is to expand its operations at the Paris Charles de Gaulle (CDG) airport as part of a €200 million investment programme. FedEx said that it will implement technology that is able to increase package sorting capacity by more than 40%.

One of the new facets of the technology being used will be a sorting system that can handle larger parcels, a first for FedEx.

The company says that construction is planned to begin next summer and it will 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.”

Once TNT and FedEx have completed their merger this facility should make the combined company significantly more competitive in the European market.

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