FedEx Express, a subsidiary of FedEx Corp. (FDX), and SEA, the Milan’s airports management company, have announced the start of the construction site for the development of a new base of operations at Malpensa.
With more than 35,000 square meters, the new, highly-automated structure will be equipped with the latest technological systems and devices, and will triple the size of the current FedEx Express facility in Malpensa to become the third largest hub in Europe, after Paris and Cologne, to serve the freight traffic to and from Italy.
The new structure consists of 15,000 square meters of covered warehouse, 20,000 square meters for vehicles manoeuvring and parking, and more than 1,000 square meters of office space. It will be located within the Cargo City and be completed by the summer of 2016.
The investment will cost SEA 15 million euros. This new development is part of the airport operator’s 100 million investment plan for the expansion of the freight traffic infrastructure in the southern area of Malpensa’s Cargo City. In addition, FedEx Express plans to invest several million euros in equipment, systems and facilities for the new structure.
The expansion of Cargo City, where the FedEx Express facility is located, will double the airport’s freight capacity, adding three new warehouses of more than 15,000 square meters each to the two existing ones of 20,000 square meters each. Malpensa currently moves about 500,000 tons a year and thanks to the new investments, the airport will reach a handling capacity of about one million tons per year within a couple of years.
FedEx Express is the fourth-largest customer of Malpensa airport for cargo and is the first courier directly connected with the United States thanks to the direct flight between Milan Malpensa and Memphis, the only express flight in freight transport on this route providing the fastest transit times from northern Italy to the United States.
“Malpensa is the first cargo airport in Italy, and it handles 55% of total Italian goods traffic,” said Giulio De Metrio, Chief Operating Officer of SEA, adding: “It is also registering the fastest growth in Europe, reporting in 2014 a traffic increase by 9.1% compared to 2013.”
FedEx says it expects to handle through the new structure 20,000 daily shipments, 44 weekly flights to and from Malpensa and 480 connections by land, on a weekly basis. About 200 employees of the FedEx team will work in the new venue.