UPS to add 14 cargo planes as air demand grows - WDRB 41 Louisville News

UPS to add 14 cargo planes as air demand grows

Posted: Updated:
A UPS Boeing 747-8 cargo plane (provided by UPS) A UPS Boeing 747-8 cargo plane (provided by UPS)

LOUISVILLE, Ky. (WDRB) – UPS plans to add 14 Boeing 747-8 cargo planes to its 500-aircraft fleet as demand for its air-shipping services continues to grow, the company said Thursday.

Atlanta-based UPS has its Worldport global air hub at Louisville International Airport.

UPS last announced the deliveries of new aircraft in 2008, according to spokesman Mike Mangeot.

“This is really about opportunity…Our customers are asking us for additional capacity,” UPS CEO David Abney told stock analysts on a conference call Thursday.

The company met analysts’ expectations with July-September earnings of $1.44 a share -- and slightly exceeded expectations with $14.9 billion in revenue for the period.

Kate Gutmann, UPS’ senior vice president of worldwide sales and solutions, said the company is preparing for a record holiday season with a projected 700 million deliveries – 100 million more than last year. She said the record volume is due to the “dramatic growth of online shopping.”

Executives said the company is on track to hire 95,000 temporary workers for this year’s “peak” period  -- including thousands in Louisville – despite a tight job market that makes it harder to find warehouse workers than in previous years.

UPS officials fielded multiple questions Thursday about its investment in the cargo planes given that its biggest customer – e-commerce retailer Amazon – is building its own delivery network, including 40 leased jetliners.

Abney called Amazon a “good customer” with a “strong, mutually beneficial relationship” with UPS.

“Amazon and all of the other shippers will get the benefit” of UPS’ increased capacity for air cargo, he said.

UPS chief commercial officer Alan Gershenhorn added: “Our e-commerce value proposition is really second to none …We’re excited about the overall prospects of e-commerce in the marketplace.”

Copyright 2016 WDRB News. All rights reserved.

  • Sign Up for WDRB's Sports Newsletter

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
  • Stories by Chris OttsMore>>

  • Now making money on Obamacare, Humana still plans to quit exchanges

    Now making money on Obamacare, Humana still plans to quit exchanges

    Friday, November 17 2017 1:46 PM EST2017-11-17 18:46:53 GMT
    Louisville-based Humana is unexpectedly making money on Obamacare exchange plans this year, company reports show.Louisville-based Humana is unexpectedly making money on Obamacare exchange plans this year, company reports show.

    Louisville-based Humana isn’t budging from its promise to stop selling individual plans in the Obamacare health insurance exchanges -- once and for all – in 2018. There’s only one problem: Humana is finally making money on the plans.

    More >>

    Louisville-based Humana isn’t budging from its promise to stop selling individual plans in the Obamacare health insurance exchanges -- once and for all – in 2018. There’s only one problem: Humana is finally making money on the plans.

    More >>
  • Louisville-based Almost Family to merge with bigger competitor

    Louisville-based Almost Family to merge with bigger competitor

    Thursday, November 16 2017 5:06 PM EST2017-11-16 22:06:51 GMT
    Almost Family's headquarters office in LyndonAlmost Family's headquarters office in Lyndon

    Louisville-based Almost Family Inc. plans to merge with its slightly bigger competitor LHC Group to create a national home-health care giant that will operate in 36 states and generate $1.8 billion in annual revenue.

    More >>

    Louisville-based Almost Family Inc. plans to merge with its slightly bigger competitor LHC Group to create a national home-health care giant that will operate in 36 states and generate $1.8 billion in annual revenue.

    More >>
  • Apartment complex planned on old farm land near Oxmoor mall

    Apartment complex planned on old farm land near Oxmoor mall

    Wednesday, November 15 2017 9:25 PM EST2017-11-16 02:25:57 GMT
    A rendering of the proposed apartment complex at 202 Oxmoor Lane.A rendering of the proposed apartment complex at 202 Oxmoor Lane.

    A 301-unit apartment complex is proposed for a portion of the massive, undeveloped Oxmoor Farm behind Oxmoor Center. NTS Development Co. plans to build more than a dozen 3- and 4-story apartment buildings, as well as an outdoor pool, a clubhouse and a two-story parking deck.

    More >>

    A 301-unit apartment complex is proposed for a portion of the massive, undeveloped Oxmoor Farm behind Oxmoor Center. NTS Development Co. plans to build more than a dozen 3- and 4-story apartment buildings, as well as an outdoor pool, a clubhouse and a two-story parking deck.

    More >>
Powered by Frankly
All content © Copyright 2000 - 2017 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.