DHL invests $47m in CVG cargo hub
DHL is expanding its presence at Cincinnati/Northern Kentucky International Airport, which has served as its U.S. cargo hub since 2009. The global logistics provider is investing $47 million to construct a new, 17,930-square-meter sorting facility at CVG, in addition to renovating its current facilities at the airport.
The new sort building is slated to open in November, while the renovations to DHL’s current facilities and handling equipment are expected to conclude in March 2013. DHL projects that this expansion will create 280 new jobs at CVG over the next year.
DHL Express CEO Ken Allen said that the CVG hub, which handles more than 2 million shipments each month, is key to DHL’s growth strategy. “This investment in our Americas hub is being made to support current growth, but also the significant mid- to long-term potential we see in international express volumes to and from the Americas,” he said in a statement.
“It forms part of a major ongoing investment program in our global network infrastructure, where we are continuing to add capacity in order to further enhance our service offering on key trade lanes and strengthen our leading positioning in the international, time-definite delivery market,” Allen continued.
Nearly 92 percent of DHL’s U.S. freight volumes move through its CVG hub, according to a press release. The hub also processes cargo bound for Canada, Latin America and Mexico and links more than 100 service centers and five international gateways in the U.S. to more than 220 nations.