Tag: United Parcel Service

UPS Boeing 767 Engine Shuts Down in Flight over Atlantic

Reading Time: 1 minute A UPS United Parcel Service Boeing 767-300, performing flight from Philadelphia (USA) to Cologne (Germany) with 3 crew, engine shut down in flight. Aircraft was enroute when the crew declared emergency reporting they had needed to shut the right hand engine (CF6) down due to low oil pressure. In response to the emergency declaration ATC […]

United Parcel Service (UPS) 2016 Profit Falls 29%

Reading Time: 2 minutes United Parcel Service (UPS) reported a 2016 net profit of $3.4 billion, down 29.2% from net income of $4.8 billion in 2015, on a 4.4% year-over-year rise in revenue to $60.9 billion. UPS noted that it recorded a non-cash after-tax mark-to-market pension charge of $1.7 billion in the 2016 fourth quarter, which significantly affected its […]

Amazon To Create Own Air Fleet

Reading Time: 2 minutes Amazon.com Inc has said it has signed a deal to lease 20 Boeing 767 widebody freighter aircraft to handle more of its own deliveries in the United States. The deal comes at a time when the world’s biggest online retailer is offering ever-faster, and increasingly free, deliveries for millions of online orders. Amazon, which relies […]