Deutsche Post Says DHL to Invest EUR560 Million in UK E-Commerce Operations
05 Juillet 2022 - 10:01AM
Dow Jones News
By Giulia Petroni
Deutsche Post AG said that DHL plans to invest 560 million euros
($584.2 million) across its U.K. e-commerce operation as a result
of increasing demand.
"The Covid pandemic has not only driven digitalization, but also
significantly changed consumer behavior, rapidly accelerating the
growth of e-commerce and shifting shopping habits," said Pablo
Ciano, executive vice president of corporate development at
Deutsche Post DHL Group.
The German freight-and-logistics group said DHL Parcel UK will
double its capacity and grow market share, with over 4,000 jobs
created in the country.
Nearly half of the planned investment will be directed toward
the creation of a new hub in Coventry, England, that will have the
capacity to handle over 500,000 items per day and support
international e-commerce, Deutsche Post said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 05, 2022 03:46 ET (07:46 GMT)
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