The world’s largest express transportation company has plans to open a logistics facility in Dublin, Ireland. This will serve as the FedEx headquarters in the country.
The facility is situated at Horizon Business Park near Dublin Airport. It will have a warehouse of 14,561 square meters, which includes 30 truck-loading bays and 137 van-loading bays. Construction for the facility will start in January 2024, and will be operational in early 2025. It will also house key operations such as a pickup and delivery station, aircraft operations, and customs clearance.
Mike Roche, manager director at FedEx Express, Ireland, says: “We are thrilled to announce our expansion in Dublin, which enhances our operations in Ireland and sets us and our customers up for future growth in this important market. This new facility will also enable us to reduce transfer times to and from the airport, meaning we’ll continue to provide fast, reliable service to Irish businesses trading within the domestic market or looking to go global.”
FedEx expansion
This is one of many expansions happening for FedEx. In February 2023, the company announced the opening of a new facility in Cork, UK. This facility is a 50,000-square-foot facility and inspired by the company’s mission to become carbon neutral. It also assists the company’s growing road network and offers better air connectivity for its operations.
In June 2022, the company went ahead with a $52 million expansion of its Montgomery facility.
Longstanding history
FedEx’s history dates back to 1965 when its chairman and CEO, Frederick Smith, designed a system for time-sensitive shipments. In 1978, the company was listed on the New York Stock Exchange.
In June 2022, Raj Subramaniam was appointed the company’s president and CEO of FedEx Corporation.
Global courier express and parcel market
In a market report, Mordor Intelligence says there is an increasing demand in shipments regarding parcels in the B2C segment. “Growth in the global express markets has been driven by strong domestic e-commerce sales. Domestic markets have been growing more quickly than international markets in most regions, but the gap is narrowing significantly in some regions,” the report reads.
It also states that companies like DHL, FedEx, and UPS continue expanding globally in untapped markets. “The global express and small parcels market continues to be driven forward by e-commerce. Companies are trying to grow organically or inorganically to improve their product offerings, services, and geographical reach,” reads the report.
Globally, international players invest in regional networks, opening distribution centers and smart warehouses. These smart warehouses rely on robotics and artificial intelligence (AI) to allow these facilities to perform tasks.
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About the author
Sharl is a qualified journalist. He has over 10 years’ experience in the media industry, including positions as an editor of a magazine and Business Editor of a daily newspaper. Sharl also has experience in logistics specifically operations, where he worked with global food aid organisations distributing food into Africa. Sharl enjoys writing business stories and human interest pieces.
