LAKE FOREST, CA -- (Marketwire) -- 10/22/08 -- CryoPort, Inc. (OTCBB: CYRX) today announced that it has reached an agreement to begin shipping frozen specimens for Quest Diagnostics. This is the initial phase of a multi-stage program. This first phase involves shipments made for Quest Diagnostics Clinical Trials from their laboratory in Gurgaon, India to multiple locations in the U.S. The shipments will be sent using the CryoPort Express(TM) One-Way Shipper and their transportation will be managed by Federal Express.
This could be a positive for CYRX as people become more wary of DHL, and may switch to FedEx for their cold-chain shipping.
---------- NEW YORK (CNNMoney.com) -- Global delivery company DHL announced Monday that it was cutting 9,500 jobs as it discontinues air and ground operations within the United States.
DHL said its DHL Express will continue to operate between the United States and other nations. But the company said it was dropping "domestic-only" air and ground services within the United States by Jan. 30 "to minimize future uncertainties."
DHL's 9,500 job cuts are on top of 5,400 job reductions announced earlier this year. After these job losses, between 3,000 and 4,000 employees will remain at DHL's U.S. operations, the company said.
DHL's U.S. pullback should help competitors FedEx Corp (FDX, Fortune 500) and UPS Inc. (UPS, Fortune 500), said Donald Broughton, analyst for Avondale Partners.
Read for yourself... companies working with CYRX (on behalf of FedEx) include Quest Diagnostics, Dupont, Mayo Clinic, Advinus Therapeutics (of the TaTa group in India) and ABC Labs. This will be a blockbuster... prerevenue company with a disruptive technology. FedEx likely to acquire Cryoport at some point but not at current prices. Get in while the gettin ins good...