FedEx Corp. (NYSE:FDX) and Cardinal Health (NYSE:CAH) announced today that they have formed a strategic alliance that will enable the companies to leverage their market-leading capabilities to provide 3PL solutions. By combining the global transportation and logistics capabilities of FedEx with the healthcare expertise and specialized facilities of Cardinal Health, both companies can create tailor-made supply chain solutions for the healthcare industry. In addition to providing access to more than 40 warehouses and distribution facilities across the United States, the FedEx-Cardinal Health strategic alliance offers customers a variety of benefits, including:
- Access to extensive global transportation networks, including the world’s largest cargo airline
- Delivery options that include direct-to-patient services and delivery to specific departments in the hospital
- Significant regulatory experience in the healthcare industry
- Access to facilities throughout the world – many located near hospitals, business centers and other strategic locations
- A single point of contact for supply chain and transportation needs
- Inventory and transportation visibility across the networks
FedEx and Cardinal Health have been working together for more than 10 years to create collaborative 3PL solutions for the healthcare industry. This next phase of this relationship will provide a stronger, more competitive 3PL offering for customers of both companies.To learn more about FedEx healthcare shipping solutions, visit http://www.fedex.com/us/healthcare/. For more information on Cardinal Health, visit http://www.cardinalhealth.com/. About Cardinal Health Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $101 billion health care services company that improves the cost-effectiveness of health care. As the business behind health care, Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers, clinical laboratories and physician offices focus on patient care while reducing costs, enhancing efficiency and improving quality. Cardinal Health is an essential link in the health care supply chain, providing pharmaceuticals and medical products and services to more than 100,000 locations each day and is also the industry-leading direct-to-home medical supplies distributor. The company is a leading manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company operates the nation's largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease. Ranked #19 on the Fortune 500, Cardinal Health employs 34,000 people worldwide. More information about the company may be found at www.cardinalhealth.com and @CardinalHealth on Twitter. FedEx HealthCare Solutions FedEx HealthCare Solutions is committed to offering specialty services to the healthcare industry. In addition to core shipping services, FedEx also offers customized solutions including temperature-controlled ground and air transport, a high degree of visibility and compliance with 24-hour monitoring, and end-to-end solutions to handle storage, fulfillment and distribution of inventory. Features such as the new Boeing 777F aircraft being deployed between the U.S. and Asia also benefit healthcare customers who need shorter transit times and later pickups.
A dedicated healthcare support team works hand-in-hand with companies to engineer ideal solutions to help healthcare customers stay competitive.About FedEx Corp. FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $45 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.