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UPS has announced its plan for building one of its largest infrastructure investments outside the US at London Gateway as part of a larger development plan across Europe. The plan is to build a 32,000 sqm facility site with handling capacity of around 30,000 packages per hour, at London Gateway-DP World logistics as a UK hub and UPS gateway for International transportation and logistics network. The facility is anticipated to be ready by summer 2017.

“The plan reaffirms UPS’s commitment to the UK and our confidence in its economy. It is part of our nearly $2 billion in infrastructure investments across Europe over the next five years. Through these investments, we will continue to do what UPS does best, which is to reliably and efficiently connect our customers of all sizes to destinations all over the world.”, Luis Arriaga,UPS Managing director for the UK, Ireland, and Nordics.

As per Drewry Sea and Air Shipper Insight, the average rate for air freight is still showing an upward trend during September ($ 3.22/Kg) since its lowest rate in June 2015 ($ 2.86/Kg). However the rates are still lower than the same period last year. As per consultants, the trend would remain upward for the remaining months of the year considering the peak season for end of the year but the same high rates of average $3.92/Kg of November 2014, is not to be expected and acheived.