FedEx delivers COVID-19 vaccine to more than 100 locations
FedEx reported at mid-day Monday, Dec. 14, it had delivered COVID-19 vaccines to more than 100 destinations without incident and ahead of schedule.
There are 34 article(s) tagged COVID-19 vaccine distribution:
FedEx reported at mid-day Monday, Dec. 14, it had delivered COVID-19 vaccines to more than 100 destinations without incident and ahead of schedule.
FedEx and UPS could gain $100 million to $300 million in new revenue from COVID-19 vaccine distribution in the U.S., a Bank of America research report says. Related article: COVID-19 vaccine moves through Memphis hub
“This is among the most important work in the history of our company, and we’re honored to be a part of the effort to help end this pandemic,” FedEx president and chief operating officer Raj Subramaniam said in a release.
The Canadian government has agreements with seven vaccine makers including Pfizer and Moderna.
FedEx was expected to handle about 26 million shipments on Cyber Monday, Nov. 30, and more than 24 million shipments a day on Dec. 1, Dec. 7 and Dec. 14.
FedEx is in daily contact with stakeholders in the COVID-19 vaccine supply chain, from manufacturers and distributors to government agencies to some sites where vaccines will be administered.
FedEx is hiring, buying freezers and working with pharmaceutical companies to plan a massive distribution effort for the coronavirus vaccine, in which Memphis is expected to play a crucial role.
A preliminary plan for the distribution of COVID-19 vaccines prioritizes vulnerable populations and areas hard hit by the virus.
If current trends continue, FedEx expects to have the cash to restore annual incentive compensation bonuses last paid in 2018 as well as funding an hourly incentive plan.
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