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February 5, 2007 8:30 AM, EST

UPS Orders 27 Boeing Jets for Air Shipments

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UPS Inc. said Monday it has ordered 27 new Boeing jets to support its growing package business while providing broad options for the management of its air fleet.The 27 Boeing 767-300ER aircraft will be delivered between 2009 and 2012. While UPS did not disclose the value of the contract, Bloomberg reported the deal could be worth as much as $3.9 billion.UPS said it continues to experience strong growth in its international package business, with average export volume climbing 12% in 2006.The wide-body 767’s can be used on routes to and from Europe and Latin America and on lanes within Asia and Europe.The jets will allow UPS Airlines to improve the efficiency and speed of its air network as it eventually replaces aging aircraft, the company said.UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.