FedEx takes first 777 freighter

FEDEX            BOEING            LOGISTICS

Global - FedEx has taken delivery of its first Boeing 777 freighter (777F), which will allow FedEx to carry larger shipments faster between Asia and the US.

The 777F is the world's largest twin-engine cargo aircraft with a flight range the equivalent of about 6,675 land miles, with a payload capacity of 215,000 pounds (98 metric tons). This is an increase in range of more than 2,400 miles and an additional 14,000 pounds of payload over FedEx's current MD-11 freighters.

FedEx said the 777F will enable FedEx Express to fly between major markets and hubs in Asia, Europe and the US with more freight and in less time than it takes today. For example, 777F transit times from points in Asia to the US will be from one to three hours faster than its MD-11.

"The Boeing 777 is an extraordinary testament to our dedication to fleet enhancement, allowing FedEx Express to provide unmatched services to our customers around the world," said David J. Bronczek, president and chief executive officer, FedEx Express.  "Its payload capacity, range and environmental efficiencies create well-rounded, long-term strategic value for our company in meeting the global shipping demands of customers."       

The 777F is also expected to help FedEx in its sustainability drive by reducing both fuel usage and emissions by 18% each as compared to the MD-11.

"The 777F is a game changer," said Michael L Ducker, president of FedEx Express International. "Its operational efficiencies and environmental benefits alone are impressive, but combine those advantages with the service improvements it delivers and FedEx will be able to take international shipping to another level. Our customers around the world will benefit from more point-to-point routes and shorter flight times, increasing their competitiveness in the global marketplace."

FedEx also announced the retirement of its freight unit president and CEO Douglas G. Duncan. Duncan was the first CEO of the FedEx Freight unit, and took office in 2001. In a filing with the Securities and Exchange Commission, FedEx said he will step down on February 28 next year.

The company has yet to name a replacement.

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