Boeing, UPS orders 747-8 freighters from Boeing

Boeing (NYSE: BA) has received an order from UPS (NYSE: UPS) for 14 747-8 Freighters, in an agreement that includes an option to purchase an additional 14 of the cargo airplanes, the company said.

UPS said the 747-8 will allow it to upsize its network in new and existing markets

The 747-8 Freighter is an efficient freighter that provides cargo operators low operating costs and has 16 percent more revenue cargo volume than the 747-400F. The airplane also reduces the noise footprint around an airport by 30 percent compared to its predecessor.

With 109 747-8 passenger and freighter airplanes delivered to customers around the globe, the fleet is performing with the highest dispatch reliability and utilization of any four-engine airplane in service.

UPS is a logistics company, offering solutions that include transporting packages and freight, facilitating international trade and deploying advanced technology to more efficiently manage the world of business.