FedEx to Spend $2.6 Billion on Air Fleet Upgrades
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The parcel giant said the addition of the new planes will not affect its earnings.
edEx will purchase and upgrade about 90 Boeing 757-200s to replace its fleet of Boeing 757s, Bloomberg reported Monday.
The new aircraft will be put into service between 2008 and 2016, Bloomberg said.
The Boeing 757-200s have greater cargo capacity and use less fuel than the older 727s, Bloomberg reported.
FedEx is ranked No. 2 on the Transport Topics 100 list of the largest for-hire carriers in the United States and Canada.
