UPS 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 … [Read more...] about UPS commits to purchase additional 747-8F freighters
David Abney
UPS places order for 14 B747-8 Freighters
UPS and Boeing today announced that the US-based integrator has ordered 14 new B747-8 Freighters, worth US$5.3 billion at list prices, to meet increased demand for the company’s express services. The agreement also includes an option to purchase an additional 14 aircraft. UPS said the B747-8s will enable it to begin a cascade of aircraft route reassignments that will add significant air capacity to the company’s busiest trade lanes, "thereby optimising global air network capacity well beyond … [Read more...] about UPS places order for 14 B747-8 Freighters
UPS confirms $1.8 billion Coyote acquisition
UPS has announced that it has entered into a definitive purchase agreement to acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company for US$1.8 billion from its current owner Warburg Pincus. The US express and logistics giant said it expected to close the deal within 30 days to acquire Coyote, which was founded in 2006 and reported annual revenue of $2.1 billion in 2014. David Abney, UPS CEO said: “The brokered full-truckload freight segment is a … [Read more...] about UPS confirms $1.8 billion Coyote acquisition
UPS CEO calls for closer cooperation at APEC
UPS CEO David Abney called for closer cooperation between business and governments to work together to maximise the benefits of international trade during the APEC CEO Summit panel, Economic Reforms for Sustaining Competitiveness. In a signal to export manufacturers, Abney cited a recently launched study where key business differentiators 'quality', 'reliability', and a 'flexible supply chain' emerge as priorities for companies seeking to gain competitive advantage in a changing economic … [Read more...] about UPS CEO calls for closer cooperation at APEC
