FedEx, partner win $70M Canada COVID-19 vaccine logistics contract
Canadian government ramps up distribution plans after approving Pfizer vaccine Aloft with more international services (Photo: Jim Allen/FreightWaves)
FedEx Canada and partner Innomar Strategies have won a CA$90.4 million ($70.5 million) logistics contract from the Canadian government to distribute COVID-19 vaccines.
The government posted the award notice on Tuesday. FedEx (NYSE:FDX) and Innomar, the Canadian subsidiary of U.S. drug distributor AmerisourceBergen (NYSE:ABC), competed with Kuehne + Nagel, McKesson Canada and UPS Healthcare for the contract.
It came as Canada approved the Pfizer-BioNTech vaccine, the first doses of which could arrive from Belgium as early as Monday, officials said.