DHL invests $108 million in Americas Hub Expansion
The logistics company DHL announces that it is investing $108 million to expand its Americas hub facility at the Cincinnati/Northern Kentucky airport (CVG) to meet the demands of continued growth in international e-commerce and global trade.
“This multi-million dollar investment underscores the DHL commitment to the U.S. market and the integral role that our hub here plays in connecting the Cincinnati-Northern Kentucky region to our vast global network,” says Stephen Fenwick, CEO, DHL Express Americas.
The CVG hub, one of three DHL global hubs, connects the United States to the DHL global network spanning Asia, Europe and the Americas. Processing approximately 46 million international shipments annually, the CVG hub handles shipments bound for the U.S., Canada, Mexico and Latin America. It also connects nearly 100 service centers, gateways in Los Angeles and New York, and a hub in Miami to more than 220 countries and territories around the world. DHL’s two other global hubs are in Leipzig, Germany and Hong Kong.
This new investment will create a combined total investment of $280 million in the CVG hub since establishing its U.S. international operations center at the airport in 2009.
DHL has invested significantly in its global express network in recent years. In the last 18 months the company has announced major investments, including $200 million to double its European hub in Leipzig, $85 million in a new South East Asia Hub in Singapore and $177 million expansion program in the Middle East and North Africa. DHL is also modernizing its air fleet, introducing more efficient freighter aircraft with increased capacity to bolster connectivity for its global customer base.
The various expansion and equipment projects covered by this latest investment in the Cincinnati hub should be completed in late 2016.