UPS selects Boeing to convert three 767 jets into freighters – Reuters

Boeing will convert three second-hand 767 passenger planes to freighters on behalf of package delivery company United Parcel Service, the companies said on Monday.

It is the first time UPS has converted 767 jetliners into freighters, rather than buying them as freighters directly off the production line, and it selected Boeing after a competition against other conversion providers.

 

UPS Establishes New Peak Shipping Charge

UPS (NYSE:UPS) today announced a new peak charge applicable during selected weeks in November and December 2017 for U.S. Residential, Large Packages and packages Over Maximum Limits. The new charge is designed to enable UPS to continue to provide best-in-class value to customers while offsetting some of the additional expenses incurred during significant volume surges.

“We’re focused on helping our customers achieve success during some of their most important selling seasons,” said Alan Gershenhorn, UPS Chief Commercial Officer. “To meet their requirements, UPS flexes its delivery network to process near double our already massive regular daily volume, and that creates exceptional demands.”

To meet peak volume demand, among many other investments, UPS acquires on a temporary basis and often at shorter-term premium rates, additional air and truck cargo capacity, temporary facilities, and additional sorting and delivery personnel.

Why UPS Need Not Fear Amazon – Seeking Alpha

Summary

Amazon’s efforts to build its own delivery network are seen as a threat to UPS.

However, Amazon is not the only retailer in the market.

Going forward, UPS will see increased business from other retailers and direct selling companies.