UPS moves deeper into cold chain with Marken acquisition

London, UK: UPS is to purchase Marken which will remain self-operating as a wholly owned subsidiary of UPS.

Marken services 49,000 clinical trial sites and its acquisition is part of a string of UPS investments and acquisitions in clinical trial logistics for drug and vaccine research.

UPS is upgrading it capability to move temperature-sensitive biological specimens in and out of more than 60 countries. With the new acquisition, UPS is looking to gain market share over FedEx and DHL, which currently dominate the market.

The high-risk, high-need nature of clinical trial and healthcare logistics makes the service a profitable venture. The losses associated with temperature-excursions in healthcare are estimated at $35 billion.

Marken’s position as a clinical trial logistics provider will help UPS break into a competitive market, since healthcare shippers place a premium on brand-reliability. Simply, as more companies outsource their clinical trials through academic partnerships or ventures, using a well-known shipper avoids logistics liabilities and consequent disputes.

WORLD NEWS

Sierra Supply Chain cuts the ribbon on new coldstore

Hamilton, Ontario, Canada: Sierra Supply Chain Services’ new coldstore in Hamilton is open for business. The 65-foot-tall expansion has nearly 164,000 sq ft of storage …

READ THE FULL STORY >

Ecooltec – a new name in refrigeration

Mülheim an der Ruhr, Germany: Ecooltec is a new name in truck refrigeration. The company’s founder is Peter Grosskopf, who set up Frigoblock in 1978 …

READ THE FULL STORY >

Schmitz expands its telematics

Ulm, Germany: Users of Schmitz Cargobull’s TrailerConnect can now access Transporeon’s real-time visibility data management system. Operators using the system can provide their customers with …

READ THE FULL STORY >

Carrier’s premium performance trailer refrigeration

Athens, Georgia, US: Carrier Transicold is introducing four new premium performance trailer refrigeration units that offer double-digit fuel efficiency improvements and lifetime compliance with emissions …

READ THE FULL STORY >

© 2022 Global Cold Chain News | Terms and Conditions | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 7 Diddenham Court, Lambwood Hill, Grazeley, Reading RG7 1JQ