- 9 October 2019
- Transport / Logistics Services
UPS is investing $750 million to upgrade its Worldport in Kentucky over the next 15 years.
The investment comes as next-day-air deliveries grow rapidly. Healthcare, e-commerce and small businesses demand faster delivery times around the world. To meet demand, UPS Airlines is growing its capacity, infrastructure and support structure at its Louisville KY base.
“These projects are part of UPS’s overall strategy to make investments in its global logistics network to enable continued growth in strategic markets,” said UPS Airlines President Brendan Canavan. “That includes an infrastructure that allows us to continue providing our customers with safe, reliable and on-time service.”
As part of the investment UPS is building a new, $220 million hangar that will be 262,000 square feet in size. It will be able to accommodate two, 747-8F aircraft (the biggest aircraft in the fleet) for line maintenance. The hangar is to be at the opposite side of the property from the main UPS hub, and should be completed by the end of 2022. In addition to the hangar the logistics giant is adding 50 new, converted and leased 747-8Fs and 767s to its fleet by 2022.
“We are grateful for public sector support with these incentives,” said Canavan. “They are a win-win, allowing UPS to expand in Kentucky, while increasing tax revenues and creating jobs in the city and throughout the state.”
“What started as a strategic investment by UPS 30 years ago has grown into a worldwide asset for the company and the city of Louisville,” said Mayor Greg Fischer. “UPS’ continued investments in our city have created opportunity throughout our economy and across specialized logistics sectors like high-tech, biomedical and rapid prototyping. We are proud to have this outstanding corporate citizen in our city and we look forward to creating more opportunities for success and growth in the future.”