I'd be very surprised if thats a new development

True…I wldnt have guessed 50% more tho. 😳

ahhh… got it now. :-)

FedEx is following the Bigger AND Better way of running a business.

who needs growth and a better business when you can rock a beard and “business like” facial piercings? Take that Fred!

CAPEX I UPS I FDX
2016 $2.965B $4.818B
2017 $5.227B $5.116B
2018 $6.283B $5.663B
2019 $6.380B $5.490B
2020 $5.412B $5.868B

5YR SUM $26.267B $26.955B

FexEx management said in the Q4'FY21 earnings call that FY'22 planned CapEx of $7.2B is about 8% total revenue, with half slated for growth and half for "important projects" like fleet replacement (which UPS has not undergone in recent history). In the UPS Investor & Analyst Day, UPS said CapEx moving forward will be about 5% total revenue with 35% to maintenance and 65% to growth.

At the end of 2016 UPS had 237 Browntails. In very late Sept 2017 we got our first 747-8; by mid-2022 the fleet will have grown by 53 airframes (28 747-8, 20 B767, 5 MD11) to a total of 290 Browntails.

awesome growth. Hopefully Ms. Tome will keep it going

Not gonna happen. After we take delivery of the last few frames, that will most likely be it for growth. Carol Davis :eek: did mention the need to start a fleet replacement program for the MD's within 3 years. The A300's are relative low time and cycle frames, and soon to undergo a $150M technology upgrade, so doubt we will get rid of them anytime soon. The first 34-35 75's are older with Pratt engines, tired birds, but nothing in the market to replace it, so we will most likely keep them (and the rest of the 75's) for many years. 76's all relatively young, as well as the 74's. So we shall see what they buy to replace MD, 'cause I doubt we will be getting any more growth airframes. We've heard over and over the disadvantages of the A330, A350 (wingspan), length of the 777X, etc. If Boeing decided to make the 767-4X, that may be a good option. But it's all speculation at this point.

well that sucks

He doesn’t know, nor do any of the rest of us……only Atlanta knows.