UPS Orders 19 Boeing 767 Freighters

Boeing Co BA secured an order for 19 of the 767 Freighters from United Parcel Service, Inc. UPS, with delivery expected between 2023 and 2025. Deal terms not disclosed.
UPS currently operates 236 Boeing freighters, including the 747, 757, 767, and MD-11.
Boeing noted the deal adds to a solid year for freighter sales, including 80 firm orders for new widebody freighters and 80 plus orders for Boeing Converted Freighters.
Boeing's 2021 Commercial Market Outlook forecasts an annual increase of 4% in air cargo demand over the next 20 years, and the global freighter fleet is predicted to grow by 70% by 2040.
Price Action: BA shares are trading higher by 4.65% at $197.28 and UPS higher by 1.80% at $206.08 on the last check Tuesday.