United Parcel Service Inc. (NYSE:UPS) is one of the best dividend stocks yielding at least 5% to buy according to hedge funds.
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On June 22, CNBC reported that United Parcel Service Inc. (NYSE:UPS) is poised to invest $48 million in 27 temperature-controlled facilities. The investment comes as the logistics powerhouse seeks to capitalize on a boom in healthcare logistics.
Consequently, the investments will allow the company to handle products that require strict temperature controls during transit. There is a growing demand for medicines that require strict temperature ranges of 15 to 25 degrees Celsius and frozen storage.
By upgrading the 27 temperature-controlled facilities, UPS strengthens its cold chain network and therefore stays ahead of a boom in medicines and pharmaceutical logistics across the Americas, Europe, and Asia. The market for temperature-sensitive biologics is poised to grow at a 8.3% compound annual growth rate through 2033, reaching $39.1 billion.
United Parcel Service, Inc. (NYSE:UPS) is a global package delivery and supply chain management company. It operates a massive fleet of ground vehicles and is one of the largest cargo airlines, providing domestic and international shipping, freight transportation, warehousing, contract logistics, and customs clearance services.
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