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)

Copyright (c) 2022 Dow Jones & Company, Inc.
Deutsche Post (XE:DPW)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Deutsche Post Charts.
Deutsche Post (XE:DPW)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Deutsche Post Charts.