DHL says it will invest $150 million to expand U.S. healthcare business

Discussion in 'The Latest Headlines about USPS, DHL, Amazon, etc.' started by cheryl, Jun 13, 2019.

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  1. cheryl

    cheryl I started this. Staff Member

    DHL says it will invest $150 million to expand U.S. healthcare business - Reuters

    Deutsche Post DHL Group on Thursday said it will spend $150 million this year to expand its U.S. healthcare distribution network capacity by roughly 40 percent.

    The investment from DHL, the healthcare logistics leader with worldwide annual medical-related revenue of more than 3 billion euros ($3.4 billion), comes as rivals United Parcel Service Inc and FedEx Corp also eye that sector for growth.

    DHL’s Supply Chain unit will add or expand nine Food and Drug Administration-compliant distribution sites for pharmaceutical, biotech and medical device companies in Indiana, North Carolina, Tennessee, Pennsylvania, California and Virginia - bringing the total of such U.S. facilities to 30.