UPS commits to purchasing 14 additional 747-8F freighters and orders 4 new 767s

Aircraft to support rapid growth in U.S. and international air shipments

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 aircrafts. UPS received three new 747-8 freighters in 2017.

“Our intra-US next-day and deferred air shipments are expanding to record levels, and UPS’ 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 utilise tax savings to significantly increase capital.

“As we celebrate the 30^th 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 aircrafts on routes and will create a cascading effect that will boost capacity on regional routes around the world.”

The 747-8 freighter and the Boeing 767

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 Boeing 767 freighter has a cargo capacity of 132,200 pounds and capacity for 31 air containers, 24 on the main deck and 7 in the lower compartments. It has a range of approximately 3,000 nautical miles. UPS currently operates 59 Boeing 767 aircrafts.

The new -8 aircraft line has a strong industry safety, reliability, and environmental record. This capacity has both environmental and economic benefits. The 747-8 reduces noise by 30 per cent and carbon emissions by 16 per cent compared to the current 747-400 and the MD-11. Additionally, it is 16 per cent more fuel efficient.

“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 are impressed with how UPS is leveraging the airplane in its operations and excited to see them bring additional 767s into their fleet.”

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