Fedex Express announces major investments in France
Fedex Express is planning a series of investments in its Paris-Charles de Gaulle hub and various French cities to the tune of EUR 30 million in total, as it announced at the Choose France summit last week. Fedex will invest EUR 20 million in the Fedex European hub at Paris-Charles-de-Gaulle airport during the fiscal years 2020 to 2022 to set up a new facility dedicated to heavy freight shipments and ramp equipment.
A further EUR 10 million will be invested during fiscal years 2020 and 2021 to modernise facilities and equipment across the country, particularly in new stations near Toulouse and upgrades of parcel sorting systems in Lille and Valence.
Rajesh Subramaniam, president and COO of Fedex, said: “We chose France to host our European hub, the largest Fedex air hub outside the United States, and we have continued to invest in our French operations. We have also designed our capacity and network across the country to meet the needs of our customers shipping in France and around the world.” (mw)