UPS has opened a new 323,000-square-foot high-tech package sorting and delivery hub outside Paris, part of an ongoing $2 billion investment in European facilities to expand its network capacity there and facilitate cross-border trade.
UPS’ decision to invest $1B in Euro operations was based on Germany’s surging economy, growth in healthcare spending and competitors’ logistical build-out.
UPS announced this week that it has opened a $200 million expansion of its European air hub facility at the Cologne/Bonn Airport in Germany. This facility is one of the largest investments in the shipping titan’s history.