STUTTGART : DP World Stuttgart has announced it will invest €35 million ($40 million) over the next three to five years to strengthen the capacity of its operations within the firm’s wider inland network.
The investment aims to improve the terminals rail and barge network following a recent increase in customer demand and a shortage of truck drivers in Europe. These services will also see a boost in capacity at the terminal due to their environmentally friendly nature.
“On the back of our 25th year anniversary, we are extremely proud of our work and history to date at our DP World Stuttgart container terminal. However, we see this milestone at only beginning.” said Rob Harrison, CEO of DP World Inland.
“Our investment at the terminal will help to strengthen our trimodal transport solutions, boost supply chain resiliency in the European mainland and consequently ensure the smooth flow of trade coming in and out of the port for many more years to come.”
Rashid Abdulla, CEO of DP World Europe and Russia, added, “As we continue to grow and look to expand our European operations, we are grateful for the work of our stakeholders over the first 25 years at DP World Stuttgart.”
“The proposed investment at the terminal over the coming years – particularly on our rail and barge capabilities – is evidence of our ongoing commitment to improving connectivity and trading routes across the wider region.
“As a result, our Inland network will offer an even better value proposition for all of our customers, meeting the need for greener transport while boosting resiliency. I greatly look forward to seeing the continued impact of the terminal and its operations across the region over the next 25 years and beyond.”
DP World has also invested £300 million ($415 million) to add a fourth berth at London’s Gateway Logistics Hub. Announced in September 2021, the latest addition to the hub aims to raise capacity by a third after the first six months of 2021 saw a record throughout of 888,000 TEU.