UPS (NYSE: UPS) today announced a significant expansion of its global healthcare distribution network in five key markets in North America. Expanding locations include facilities in Burlington, Ontario, Louisville, Ky., Mira Loma, Calif., Atlanta, Ga., and Reno, Nev. The new expansions add nearly 800,000 square feet (sq. ft.) to UPS’s global network of 37 dedicated healthcare facilities, which now total nearly six million sq. ft. of distribution space.
This investment represents the most recent installment of UPS’s ongoing commitment to serve the distinctive needs of healthcare clients around the world. UPS announced the expansion of its healthcare distribution network in the Asia-Pacific region in October 2012, with the opening of three new facilities in Hangzhou, China, Shanghai, China and Sydney, Australia.
Several industry trends are driving the expansion of UPS’s global healthcare network, including increasing globalization, complex regulatory oversight, heightened focus on outcomes and a growing need for specialized healthcare services, such as temperature-sensitive solutions. The latest expansions were driven by the growth of UPS’s healthcare customers and the UPS global healthcare strategy that supports customers as they grow and adapt to these trends.
“UPS is committed to investing in our global network and supporting industry demand to meet customer needs for increased speed, flexibility and efficiency,” said Bill Hook, vice president, global strategy, UPS Healthcare Logistics. “Our healthcare customers are creating value through our broad network and single global technology platform.”UPS facilities meet all applicable government accreditations, licenses and maintain geographic-specific regulatory requirements, such as those of the Food and Drug Administration (FDA), Drug Enforcement Agency (DEA) and Health Canada, among hundreds of others. UPS healthcare facilities offer distribution space with temperature and humidity-controlled environments which help keep products in optimal conditions during storage. Each of the expanded facilities is designed to serve the warehousing and distribution needs of pharmaceutical and medical device manufacturers. Specifics of the expansions include:
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV