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Share Name | Share Symbol | Market | Type |
---|---|---|---|
United Parcel Service | NYSE:UPS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.18 | 0.81% | 147.10 | 147.81 | 146.58 | 147.69 | 2,039,029 | 01:00:00 |
The 208,000-square-foot facility is healthcare-dedicated and strategically located near UPS's air hub at Philadelphia International Airport. It is fully integrated into UPS's overall transportation and field stocking location (FSL) network and provides an end-to-end solution for healthcare customers seeking increased inventory visibility and control of their supply chains. This network also makes it possible for healthcare manufacturers and distributors to reach more than 80 percent of U.S. hospitals within four hours.
"The ability to decontaminate surgical kits, replenish and repackage instruments, and respond quickly to urgent medical needs is pivotal to our customers' market success, and UPS's growing warehousing, distribution and value-added services are playing a key role," says David Quintilio, UPS vice president of healthcare logistics.
This UPS announcement follows the 2014 introduction of a healthcare-compliant network of FSLs to improve time-in-transit for medical device shipments and to enhance inventory visibility. Field stocking locations are strategically placed centers designed to support warehousing and time-sensitive distribution of products for patient services.
"UPS continues to strengthen our integrated network globally to help manufacturers lower costs, streamline inventory and meet increasing demands," says John Menna, UPS vice president of global strategy, healthcare logistics. "In the U.S., building out a best-in-class, comprehensive service that integrates a loaner hub with our vast FSL and global transportation network raises the bar and further demonstrates our commitment to the healthcare industry."
This marks the latest in a series of announcements UPS has made in the healthcare space. Others include the acquisitions of Poltraf, Polar Speed, and CEMELOG, along with the opening of a new healthcare center in Roermond, Netherlands. These and other strategic investments to support pharmaceutical, biopharma and medical device companies continue to make UPS a leader in healthcare logistics.
Click here to learn more about UPS's medical device solutions.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at ups.com® and its corporate blog can be found at Longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
CONTACT: David Graves, UPS Public Relations 404-828-6798 davidgraves@ups.com
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