UPS Orders 19 Extra 767 Freighters From Boeing

Eric Kulisch

Wednesday, December 22, 2021 at 10:28 AM ET

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A UPS 767-300 cargo jet gets loaded at Dallas-Fort Worth International Airport. [Credit: Jim Allen/FreightWaves]

Key Takeaways:

UPS has ordered 19 medium widebody Boeing 767-300 freighters, with deliveries expected between 2023 and 2025, to address significant ongoing air cargo demand.
This deal concludes a record-breaking year for Boeing's freighter sales, which included 80 firm orders for large production all-cargo jets.
UPS highlights the Boeing 767 as its most versatile aircraft, having been its launch customer in 1995 and currently operating the largest fleet of this type.
Boeing forecasts a 4 percent annual increase in air cargo demand over the next two decades, projecting a 70 percent growth in the global freighter fleet.

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UPS (NYSE: UPS) has placed an order with Boeing (NYSE: BA) for 19 medium widebody 767-300 freighters in response to significant ongoing air cargo demand, the companies announced Tuesday. The express carrier will take delivery of the new aircraft between 2023 and 2025.

The deal caps a record-breaking year for Boeing freighter sales, including 80 firm orders for large production all-cargo jets and more than 80 orders for converted freighters.