Boeing announced a new order of 767s Freighter airplanes from UPS. The incremental order will increase UPS’s fleet to 108 airplanes in the hopes of assisting the global carrier with modernizing and sustainably growing its fleet.
As soon as 2025, UPS will be taking delivery of the new 767 Freighter planes, with additional planes such as the 767-300 Boeing Converted Freighter (BCF) arriving in late 2023. In regard to plane specification, the similar 767-300ER passenger plane is comparable to the 767 Freighter as both can carry up to 52.4 tons of cargo with intercontinental range, serving as a flexible platform for long haul, regional and feeder markets.
UPS Executive Vice President and President U.S. Nando Cesarone stated, “With these aircraft, our fleet will continue to be among the most modern in our industry, meeting our customers’ needs while improving our efficiency, sustainability and reliability.”
From supporting supply chains to expanding e-commerce, air cargo continues to play an important role in global trade, especially during post-covid. Moreover, The International Air Transport Association (IATA) stated that the global air cargo revenue in 2021 has more than doubled since pre-pandemic times, reinforcing the high importance of air cargo moving forward.
During Boeing’s 2022 Commercial Market Outlook forecast, it’s estimated that carriers will require 2,795 more dedicated freighters over the next 20 years. The forecast includes 940 widebodies, 555 wide-body-converted freighters and 1,300 standard body conversions. As a result, the global freighter fleet will increase to 3,610 airplanes by 2041, a substantial uptick in growth from the current total of 2,250. Today, Boeing Freighters account for 90% of the global freighter capacity and continue to be a global leader, transporting millions of tons of goods across the world. “This repeat order from UPS is a testament to the outstanding cargo capabilities of the 767 Freighter and further demonstrates Boeing’s market leadership in the freighter segment,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.
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