In May 2015, DHL Express announced their plans to renovate and expand their major airport hub at the Cincinnati/Northern Kentucky International Airport. The company will invest $108 million on the project and create approximately 50 new jobs in the Covington, Kentucky, area. The expansion will help DHL Express compete better in global logistics and air cargo volume. It is the next step in all of the changes that have been happening at the company.
The DHL Express global hub in Covington will feature new automation, more storage space, and new aircraft gates. It will serve customers in more than 220 countries around the world with connecting flights to Germany, Hong Kong, and other major import cities. The expanded CVG hub will be the backbone of DHL’s intercontinental network and help their profits grow.
DHL Express has been making major investments in Kentucky since 2009. Since that time, the company has spent more than $280 million on their facilities in the state. CEO of DHL Express Americas Stephen Fenwick said, “Our new investment this year is an endorsement of our commitment to the Cincinnati/Northern Kentucky area and to our business partners who have worked alongside DHL to ensure our continental success.” The community welcomes the airport hub expansion and looks forward to the benefits it will bring to the community for several years.
DHL Express will also receive $1 million in tax incentives from the Kentucky Economic Development Finance Authority through the Kentucky Enterprise Initiative Act. The money will help DHL Express with construction costs, equipment, and any necessary research and development. It is a thank you for their investment in the state. Specific details about the expansion and a timeframe were not released to the public. Construction is expected to begin within the next couple of months as plans are finalized.