Purolator to Spend $759 Million for Faster Deliveries
- The delivery company will build a C$330 million shipping hub
- Investments in expansion to be made over a five-year period
A Purolator Courier vehicle sits parked in Toronto.
Photographer: Brent Lewin/Bloomberg
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Courier company Purolator Inc. will invest more than C$1 billion ($759 million) over the next five years to build a shipping hub in Toronto, upgrade its fleet and enhance its retail network in Canada to reach more customers.
“Today’s announcement is one of the most ambitious in our company’s history and will future-proof our business,” John Ferguson, Purolator’s chief executive officer, said in a statement.