UPS to finance heavy Air Freight Center with Airport Bond Offering
UPS Inc. will guarantee USD42.6 million of Louisville Regional Airport Authority Special Facilities Revenue Bonds and use the proceeds to build a new terminal at the airport for handling heavy freight.
Standard & Poor’s assigned a rating of AAA/A-1+ to the bond issuance, the company said Tuesday in a statement.
UPS is ranked No. 1 on the Transport Topics 100 list of U.S. and Canadian for-hire car-riers.