BrownCafe

An impressive fleet of aircraft

It’s not just UPS’s vast fleet of brown and golden trucks which constantly make the headlines. UPS Airlines which started international services with flights between the USA and Canada, today operates across the globe with a fleet of almost 250 freighter aircraft and works out of various hubs in the USA, Europe and Asia.

Of those 250 or so aircraft, around 190 are what one would today term as “aging models.” The carrier which also operates more modern B747-400 and B747-8 freighters still uses smaller medium range freighters such as the B757-200PF, of which they have 75 in their fleet. On top of this there are another 59 B767-300ERF freighters mainly operating on domestic and South American routes. The carrier’s fleet of Airbus A300-600RF totals 52 units, are still needed for domestic services and will also receive new avionics.

Witnesses said the truck was lifted 9-10 feet into the air before it went over onto its nose. The driver was taken from the scene to a hospital. Another UPS driver told FOX31 the driver who was in the truck will be OK.

The tornado also tore part of the roof off of a home near where the UPS truck flipped over.

UPS is stepping up investment to increase automation, buy cargo planes and build sorting facilities as it seeks to navigate a changing competitive landscape.

United Parcel Service Inc.’s effort to cash in on surging e-commerce will have to wait as the courier ramps up spending to boost efficiency and capacity.

The domestic package unit earned 11 cents for every dollar of sales in the second quarter, down from about 13 cents a year earlier, UPS said Wednesday as it reported earnings. The tighter profit margin underscored the courier’s heavy investments to cut the costs of home deliveries, which are weighing on UPS’s trademark efficiency because drivers typically handle fewer parcels per stop with them.

Richard Peretz, chief financial officer at United Parcel Service, discusses the shipper’s second-quarter performance and outlook for the company. He speaks with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.”