UPS opens new $30m centre in Calgary
UPS’s new $30m distribution centre has officially opened at the Calgary International Airport. UPS said the 150,000 square foot distribution facility will let local businesses tap into global growth markets such as China, India and Mexico.
The facility doubles UPS’ package processing capability and houses 157 trucks for ground transportation to surrounding communities.
UPS said its shipment volume from the Calgary area has increased 60% since 2003. And the company noted economists predict China will become the biggest economy in the world by 2050, while the rise of the middle class in India will benefit entrepreneurs in Canada looking to capitalise on consumer demand for Western goods. In 2008, India’s purchasing power parity was $2.3 trillion, while China’s was at $8 trillion.
“Despite the recent recession, Calgary’s economy still stands as a growth engine for Canada with many businesses in the area looking to take advantage of emerging markets overseas,” said Mike Tierney, president of UPS Canada, in a statement.
