LONDON — Boeing and FedEx have today announced a new order for 24 new freighters.

The deal is divided down into 12 Boeing 767 Freighters and 12 Boeing 777 Freighters, at a list price of US$6.6bn in total.

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This order comes following the extended demand that the cargo carrier has experienced in the last few years.

“We are taking another positive step in our fleet modernization program as we add more efficient, lower emission aircraft to our global fleet,” said David L. Cunningham, President/CEO of FedEx Express.

“The Boeing 767 and 777 Freighters have brought greater efficiency and reliability to our air operations. The 777, with its tremendous range characteristics, has allowed us to provide faster transit times around the globe. We are excited to add more of these aircraft to our fleet,” he said.

Photo: Allen Zhao

The Cargo Industry on a Rise

The air cargo industry has grown by 10% in the past year, with it forecasted to continue growing an additional 4%-5% in 2018.

Boeing has sold more than 50 widebody freighters this year, a positive trend that the manufacturer might exploit at the upcoming Farnborough Air Show in July.

READ MORE: FedEx to Purchase 50 Boeing 767-300 Freighters

FedEx and Boeing’s partnership goes back a significant amount of time with the carrier being the largest operator of the 757-F, 767-F, and 777-F types.

“This repeat order is a big vote of confidence in Boeing’s market-leading freighter family and the long-term outlook for air freight,” said Kevin McAllister, president and chief executive officer, Boeing Commercial Airplanes.

Photo: Tomas Del Coro

Enhanced Payload, Range

The Boeing 767-300ERF passenger jet will be able to carry approximately 58 tons of cargo per trip with an intercontinental range, which will make it flexible for serving long-haul, regional, or feeder markets.

The Boeing 777 Freighter can fly up to 4,900 nautical miles on one tank with a payload of 112 tons per trip.

FedEx has utilized its other triple seven freighters on direct routes to Asia from its Memphis hub. This will ensure that the FedEx workdays increase and transnational deliveries happen faster.

This announcement is another solid order for Boeing, especially as the Boeing 767 assembly line gets another lifeline with this order for 12 planes.

Featured image: First FedEx Boeing 777F Takeoff K64776-04. Photo: FedEx