Purolator president and CEO, John Ferguson. (CNW Group/Purolator Inc.)
TORONTO – Purolator plans to invest more than $1 billion in a five-year plan.
Central to the plan is a new $330 million, 430,000-sq-ft national super hub. Set to open in 2021 the facility will sit on a 60-acre plot of land in Toronto.
The facility will triple capacity and add scalable automation to accommodate peak volume periods. It will be built following the Toronto Green Standards program.
The Greater Toronto Area will also see an $8.5 million, 110,000-sq-ft terminal in North York that will add up to 135 delivery routes and sustain 200 jobs through a combination of new and existing positions. The terminal will open in September 2019 in time for peak season.
The company will also expand its Mobile Quick Stop service, more than doubling the number of trucks in the region. It is also piloting electric cargo bikes and urban self-serve parcel lockers in Toronto’s downtown core, making package delivery and pick-up more efficient and convenient.
In 2019 and 2020, more than 1,000 new vehicles with advanced technology will be introduced across the country. Purolator plans to roll out its first wave of fully electric vehicles in 2020 to complement its hybrid electric fleet.
“Today’s announcement is one of the most ambitious in our company’s history and will future-proof our business,” said John Ferguson, Purolator’s president and CEO, Purolator.
In recent years, dynamic market shifts driven by e-commerce and technology have changed the way businesses and consumers buy, sell and exchange goods. E-commerce sales are expected to reach $4.88 trillion worldwide by 2021. In the age of convenience, consumers want their packages faster with more visibility, control and flexibility throughout the supply chain. Businesses are following this trend.
Additional regional expansions will be announced across Canada over the next 12 months.