Tag: Air Transport

Board approves plan to replace narrow-body aircraft fleet with Boeing 757-200 aircraft

Posted by | Sep 25, 2006 | |

FedEx announced today a USD2.6 billion, multi-year program to acquire and modify nearly 90 Boeing 757-200 aircraft to replace FedEx Express’s narrow-body fleet of Boeing 727-200 aircraft. Subject to identification of suitable 757 aircraft to purchase and the successful negotiation of agreements to purchase such aircraft, FedEx Express expects to bring the new aircraft into service during the eight-year period between calendar year 2008 and 2016.

Compared to the 727 aircraft, the 757 has a 20 percent greater payload capacity, and has an approximately 25 percent lower operating cost per pound. Replacing the older 727 aircraft with the more fuel efficient and quieter 757 aircraft will have the effect of significantly reducing operating costs over time and providing better aircraft utilization efficiencies. In addition, the program will help to reduce greenhouse gas emissions and airport noise. The program is expected to have very positive financial benefits upon completion and although startup costs will be incurred, they will not materially affect earnings. The capital impact of the program on the current fiscal year was included in the company’s recent first quarter earnings release. The total FedEx capital spending forecast for fiscal 2007 remains at USD3.0 billion.

Read More

American Airlines announces new postal contract

Posted by | Sep 21, 2006 | |

American Airlines today signed a 5-year service agreement with the U.S. Postal Service potentially worth USD500 million in revenue to American, which is the largest single contract ever awarded to American’s Cargo division.
The previous contract with the Postal Service, executed in 2003, narrowed the number of carriers from 50 to only 13 and instituted stringent new requirements for the on-time delivery of mail by contracted carriers. To accommodate the requirements of that contract, American completely re-engineered its mail processes. Today, American is a preferred carrier of the Postal Service and carries more mail than any other passenger airline.

Read More

U.S. FedEx signs airport lease, UPS on the way

Posted by | Sep 19, 2006 | |

FedEx Corp. should be starting work on its new package-sorting center near Charlotte County Airport within the next four to six weeks — and UPS won’t be far behind in expanding its airport facility.

Last week, a developer working for FedEx signed a ground lease with the airport for 4.8 acres on Golf Course Boulevard, according to Gary Quill, airport executive director. FedEx then immediately signed a lease for the 35,000-square-foot building with the developer, Orlando-based Regional Development.

In a related development, UPS has asked the Charlotte County Airport Authority to increase its ground lease on Challenger Boulevard from 2.9 to 6.5 acres for a major expansion of the distribution center it currently operates on the site.

Don Lee, District 2 airport commissioner, said UPS’s request will be discussed at Thursday’s regular Airport Authority meeting. He anticipated no objections — indeed, UPS’s expansion has been anticipated for some time, although it’s been running on a little slower track than the FedEx deal.

Read More

Lufthansa, Fraport sign air cargo partnership

Posted by | Sep 19, 2006 | |

Fraport and Lufthansa Cargo have agreed on a strategic partnership for further developing Frankfurt Airport (FRA) as an air cargo hub.

The strategic partnership will ensure joint planning of the overall airline-airport system and will intensify further the system partnership of the world’s second-biggest cargo airline and Europe’s biggest cargo airport. With this initiative, the partners are also responding to the increasingly tough competitive situation in global air cargo transportation.

“In this competition between the significant airports in global air transportation, everything depends on the quality and efficiency of the total system and on the cooperation between the airline and airport within this system,” stressed Mr Bender and Mr Lauer.

Read More

Air Force awards USD2.3B in air fleet deals

Posted by | Sep 18, 2006 | |

The U.S. Air Force on Monday announced the awards of international airlift services contracts worth up to USD2.3 billion to support the Civil Reserve Air Fleet program.

The pacts, which were awarded to more than 10 airlines individually or as teams, will be used by the civilian businesses to support Defense Department airlift requirements in emergencies when the Pentagon’s needs exceed the capabilities of military aircraft.

The contract awarded to the FedEx Corp. team, which also includes Atlas Worldwide Holdings, is worth a guaranteed USD185 million and up to USD1.02 billion, according to the Air Force.

The UPS Inc., team deal will earn at least USD25 million and as much as USD119 million, while Continental Airlines Inc., was awarded a contract for up to USD10 million.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest