OceanX radar: It's the stupid economy! 3PLs rake it in vs Shopify's losses
Not entirely sure this all adds up…
COLOGNE/BONN, March 25, 2014 – UPS (NYSE: UPS) has celebrated the official opening of a $200 million expansion of its European air hub facilities at Cologne/Bonn Airport in Germany that will continue to serve as Europe’s window into the world of international trade and export. The expansion, which took two years to construct and has already created an additional 200 jobs, constitutes one of UPS’s largest facility investments in the company’s history and cements its position as the largest employer at the airport with more than 2,500 employees today.
“With this upgrade, we now have the equivalent of 15 football fields of sorting space for a growing export economy on the move,” said Cindy Miller, President, UPS Europe. “All of this ensures that UPS’s Cologne/Bonn air hub remains the centrepiece of the company’s European express network, a key component of UPS’s global air operations, and one of the largest and most advanced sorting facilities in the world.”