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UPS orders 18 Boeing freighters in major investment drive to boost capacity
来源： 编辑：编辑部 发布：2018/02/08 09:09:08
UPS has ordered from US aircraft manufacturer Boeing 14 more 747-8s and four 767 freighters. The new aircraft order follows an order placed in 2016 for 14 B747-8 freighters.
All 32 planes will be delivered by the end of 2022, adding nine million pounds of cargo capacity. The company's global fleet already comprises 500 owned and leased planes.
"Our intra-US 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 UPS chairman David Abney in a statement, reported American Shipper.
"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," Mr Abney added.
The company's new aircraft order is part of a US$12 billion investment in the company's Smart Logistics Network, it's employee pension fund, and an effort to enhance shareowner value.
Of the US$12 billion that the company said it was reinvesting, $7 billion will be spent over the next three years on construction and renovation of facilities, acquiring new aircraft and ground-fleet vehicles, and to "enhance the information technology platforms required to support the network, manage the business and power new customer solutions," UPS said.
The US government's legislation last December to cut tax translated into strong overall and division revenues for the global integrator in the fourth quarter.
However, UPS's decision to reinvest tax savings and profits has investors worried, and its less clear how long it will take for those investments to pay off, reported New York's Air Cargo World.
UPS said that revenue growth was up 11 per cent for the fourth quarter of 2017, year on year. The company also reported mostly positive developments in various business segments.
The company's supply chain and freight division profits were up on the back of a 21 per cent growth in revenue over the fourth quarter of 2016. UPS Freight and Coyote Logistics contributed to improved top-line results for Q4 2017.
International segment's Q4 adjusted operating profit was up 7.6 per cent year on year to $760 million. Mr Abney added that UPS has now seen "four consecutive quarters of double-digit export shipment growth.'
In the domestic segment revenue rose by 8.4 per cent in the fourth quarter driven by deferred air and ground. However, the domestic segment recorded weaker bottom line results, with the company saying that the results were "muted by additional peak operating expenses due to cyber-period volume surges and short-term costs related to capacity projects yet to come on-line."
The domestic segment is the company's biggest source of profits, revenues and volumes.
All 32 planes will be delivered by the end of 2022, adding nine million pounds of cargo capacity. The company's global fleet already comprises 500 owned and leased planes.
"Our intra-US 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 UPS chairman David Abney in a statement, reported American Shipper.
"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," Mr Abney added.
The company's new aircraft order is part of a US$12 billion investment in the company's Smart Logistics Network, it's employee pension fund, and an effort to enhance shareowner value.
Of the US$12 billion that the company said it was reinvesting, $7 billion will be spent over the next three years on construction and renovation of facilities, acquiring new aircraft and ground-fleet vehicles, and to "enhance the information technology platforms required to support the network, manage the business and power new customer solutions," UPS said.
The US government's legislation last December to cut tax translated into strong overall and division revenues for the global integrator in the fourth quarter.
However, UPS's decision to reinvest tax savings and profits has investors worried, and its less clear how long it will take for those investments to pay off, reported New York's Air Cargo World.
UPS said that revenue growth was up 11 per cent for the fourth quarter of 2017, year on year. The company also reported mostly positive developments in various business segments.
The company's supply chain and freight division profits were up on the back of a 21 per cent growth in revenue over the fourth quarter of 2016. UPS Freight and Coyote Logistics contributed to improved top-line results for Q4 2017.
International segment's Q4 adjusted operating profit was up 7.6 per cent year on year to $760 million. Mr Abney added that UPS has now seen "four consecutive quarters of double-digit export shipment growth.'
In the domestic segment revenue rose by 8.4 per cent in the fourth quarter driven by deferred air and ground. However, the domestic segment recorded weaker bottom line results, with the company saying that the results were "muted by additional peak operating expenses due to cyber-period volume surges and short-term costs related to capacity projects yet to come on-line."
The domestic segment is the company's biggest source of profits, revenues and volumes.