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MarketScreener Homepage  >  Equities  >  Nyse  >  United Parcel Service, Inc.    UPS

UNITED PARCEL SERVICE, INC.

(UPS)
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United Parcel Service : UPS Healthcare Enhances Dry Ice Production Capabilities, Launches Mobile Freezer Storage Units

11/24/2020 | 12:27pm EST

US 11/24/20

Atlanta, GA

  • Enhanced capability allows UPS Healthcare to produce 1,200 lbs. of dry ice per hour in the U.S. and Canada.
  • UPS Healthcare is collaborating with Stirling Ultracold to supply portable freezers for storage of vaccines at a range of -20°C to -80°
  • Services are in response to complex, urgent demands for approved COVID-19 vaccine storage and distribution efforts when the time comes.

UPS (NYSE:UPS) today announced service enhancements to aid in the massive distribution efforts for COVID-19 vaccines in the coming months. As part of these enhancements, UPS Healthcare now can produce up to 1,200 lbs. of dry ice per hour in its U.S. facilities to support the storage and transportation of cold chain products, such as frozen vaccines, in accordance with manufacturer storage requirements. The increased production also allows UPS to make dry ice available for U.S. and Canadian hospitals, clinics and other points of care requiring dry ice to store vaccines locally. Dry ice will be sourced at UPS Worldport® and can be available next day.

A major spike in demand is causing logistics providers to plan for what some analysts fear may be a dry ice shortage, as pharmaceutical companies strategize getting hundreds of millions of their vaccine doses safely to communities around the U.S. and internationally.

'Enhancing our dry ice production capabilities increases our supply chain agility and reliability immensely when it comes to handling complex vaccines for our customers,' says Wes Wheeler, president of UPS Healthcare. 'Healthcare facilities in Louisville, Dallas and Ontario will ensure we have the capability to produce dry ice to sufficiently pack and replenish shipments as needed to keep products viable and effective.'

In addition to dry ice production, UPS will also launch, in collaboration with Stirling Ultracold, a joint effort to provide portable ultra-low temperature (ULT) freezers. These portable freezers will be distributed and used in smaller point of care facilities requiring a more permanent solution for longer term freezer storage. UPS will be working with Stirling to offer the Stirling ULT25 and Undercounter Model SU105 to thermally protect critical vaccines requiring ultra-low temperatures ranging anywhere from -20°C to -80°C.

'We are truly proud to partner with UPS in this critical effort. As the leading manufacturer of small and portable ULT devices, Stirling Ultracold freezers integrate well with UPS Healthcare logistics to provide complete cold-chain of custody for COVID-19 vaccines from the drug manufacturers to medical facilities,' says Dusty Tenney, CEO of Stirling. 'This program will help ensure vaccines remain effective next year, and for years to come, as future vaccines and biologics are developed to keep the world healthy and safe.'

About UPS Healthcare

UPS Healthcare operates 128 facilities in 32 countries which are regulated under Good Manufacturing Practices (GMP). UPS Healthcare services include: inventory management, temperature-controlled packaging and shipping, storage and fulfillment of medical devices, labs and clinical trial logistics. UPS Healthcare's global infrastructure, its newest UPS Premier® visibility service, its track and trace technology, and its global quality system are well-suited to meet today's complex logistics demands for the pharmaceutical, medical device and laboratory diagnostic industries. Visit ups.com/healthcare.

Disclaimer

UPS - United Parcel Service Inc. published this content on 24 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2020 17:26:09 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 82 558 M - -
Net income 2020 6 520 M - -
Net Debt 2020 17 743 M - -
P/E ratio 2020 21,2x
Yield 2020 2,51%
Capitalization 137 B 137 B -
EV / Sales 2020 1,88x
EV / Sales 2021 1,77x
Nbr of Employees 377 640
Free-Float 82,7%
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United Parcel Service, Inc. Technical Analysis Chart | UPS | US9113121068 | MarketScreener
Technical analysis trends UNITED PARCEL SERVICE, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 172,92 $
Last Close Price 158,90 $
Spread / Highest target 32,2%
Spread / Average Target 8,82%
Spread / Lowest Target -53,4%
EPS Revisions
Managers and Directors
NameTitle
Carol B. Tomé Chief Executive Officer & Director
William R. Johnson Non-Executive Chairman
George Williams President-US Operations & Senior Vice President
Brian Newman Chief Financial Officer, Treasurer & Senior VP
Juan R. Perez Senior VP, Chief Information & Engineering Officer
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