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Logistics in the News State of Logistics 2016: Pursue mutual benefit UPS’s acquisition of Marken is made official 2017 Rate Outlook: Changing political landscapes may be reflected in pricing FTR Shippers Condition Index is in neutral prior to expected extended decline November ATA truck tonnage sees gains, continuing uneven growth pattern More Logistics News Digital Evolution: Streamlining Logistics and Supply Chain Operations Virtual Conference | Dec 8, 2016 | 1pm ET Keynote Address: The Digital Re-imagination of Supply Chains All Resources UPS said late last month it officially completed its acquisition of Marken , a provider of global supply chain solutions for the life sciences industry based in Durham, NC and London, England. The acquisition was originally announced by UPS in early November, coming a little more than three months after saying it had expanded logistics capabilities for clinical trials. Financial terms of the deal were not disclosed. UPS said that with Marken now in the fold, Marken is a wholly-owned subsidiary of UPS and provides the company with growth opportunities across the life sciences and customer base. “Healthcare logistics is a strategic market for UPS,” said Teresa Finley , UPS Chief Marketing and Business Services Officer, in a statement. “Our acquisition of Marken strengthens our portfolio and demonstrates our commitment to customers and the healthcare industry. UPS added that Wes Wheeler will continue as CEO of Marken and will report to Finley. When the deal was first announced in November, UPS said this acquisition will provide the company with growth opportunities across the life sciences customer base. And they added that clinical trials require strict regulatory compliance, streamlined logistics services, and global reach, which is where Marken’s operations of a global network of clinical supply chain services to meet increasingly complex customer demands, made it a good fit, […]