United Parcel Service Inc. (UPS), the world’s largest package delivery company, will increase its presence in Louisville with as many as 300 new full- and part-time jobs through a nearly $310 million investment in its ground shipping operation, Gov. Steve Beshear and Louisville Mayor Greg Fischer announced today.

The more than 580,000-square-foot expansion of the UPS Centennial Ground Hub facility in Louisville comes in response to increased e-commerce and traditional retail package volume.

The project will roughly double the company’s current sorting capacity and add additional sorting automation equipment, including automated conveyor systems, six-sided address label decode tunnels and label applicators.

The hub’s proximity to the UPS Worldport at the Louisville International Airport allows UPS to provide end-of-runway express service to its customers in Louisville and surrounding areas.

Construction will begin in 2016 and is expected to finish by 2019. The project will not affect pickup and delivery operations.