Premium #144 – The two big US freight airlines and fleet renewal

Largely absent from industry news of late are two major US airlines that transport a lot freight, quietly and efficiently.  Since much of their traffic occurs at night, people tend to overlook these companies.  Yet these two operators, FedEx and UPS, are huge.  In 2013 FedEx reported revenue of $45bn and $2bn in profit, while UPS had $54bn and profits of $807m.

The following pictorial charts illustrate the fleets at these companies.