UPS Commits to Purchase 14 Additional 747-8F Freighters and Orders 4 New 767s
February 01 2018 - 9:40AM
UPS (NYSE:UPS) today announced it has ordered 14 Boeing 747-8
cargo jets and four new Boeing 767 aircraft to provide additional
capacity in response to accelerating demand for the company’s air
services. All of the new aircraft will be added to the existing
fleet and no existing aircraft are being replaced.
The aircraft will be delivered on an expedited schedule,
building on the company’s 2016 order of 14 Boeing 747-8 freighters.
All 32 of the jets will be delivered by the end of 2022, adding
more than 9 million pounds of cargo capacity. UPS’s global
airline network includes more than 500 owned and leased aircraft.
UPS received three new 747-8 freighters in 2017.
“Our intra-U.S. next-day and deferred air shipments are
expanding to record levels, and UPS’s International segment has
produced four consecutive quarters of double-digit export shipment
growth,” said David Abney, UPS chairman and CEO. “To support this
strong customer demand, we continue to invest in additional air
capacity, providing the critical link our customers need to markets
around the world.”
In addition to growing customer demand for express services,
recent US tax reform legislation is enabling UPS to utilize tax
savings to significantly increase capital investments and to make
them earlier than previously planned.
“As we celebrate the 30th anniversary of UPS Airlines today, we
are seeing unprecedented demand for our air products,” said UPS
Airlines President Brendan Canavan. “The new freighters will allow
us to continue upsizing aircraft on routes and will create a
cascading effect that will boost capacity on regional routes around
the world.”
The 747-8 freighter carries 46 shipping containers, 34 on its
main deck and 12 in its lower compartments. The -8 has a
cargo capacity of 307,600 pounds, or approximately 30,000 packages
and a range of 4,200 nautical miles. The new -8 aircraft line has a
strong industry safety, reliability, and environmental
record. The Boeing 767 freighter has cargo capacity of
132,200 pounds and capacity for 31 air containers, 24 on the main
deck and 7 in its lower compartments. It has a range of
approximately 3,000 nautical miles. UPS currently operates 59
Boeing 767 aircraft.
“UPS has clearly tapped into the power and efficiency the 747-8
Freighter brings to the market,” said Boeing Commercial Airplanes
president and CEO Kevin McAllister. “We’re impressed with how UPS
is leveraging the airplane in its operations and excited to see
them bring additional 767s into their fleet.”
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web
at ups.com or pressroom.ups.com and its
corporate blog can be found at longitudes.ups.com. To
get UPS news direct, follow @UPS_News on
Twitter.
Jim Mayer, UPS Airlines
502-329-3014
jmayer@ups.com
Glenn Zaccara, UPS
404-828-4663
gzaccara@ups.com
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