The investment aims to meet continuous growth in cross-border time-sensitive shipments
Delivery of the additional eight new Boeing 777 freighters starts 2022.
Boeing and DHL Express also agree on option to purchase four additional freighters
DHL Express has placed an order for an additional eight new Boeing 777 freighters, with first deliveries scheduled for 2022.
The investment marks a further step in the logistics company’s expansion of its intercontinental air network to meet customer demand in fast growing international express shipping markets.
John Pearson, CEO at DHL Express, said the company’s global e-commerce volume grew by more than 40 percent in Q4, the growth fueled by globalization, digitalization and unprecedented peak season demand.
He added that with e-commerce expected to become “an enduring megatrend,” the company has ordered the eight new wide body freighter aircraft as an “investment in our future.”
The 777 freighter is the world’s largest, longest range and most capable twin-engine freighter with a range of 9,200 kilometers and can carry a maximum payload of 102,010 kilograms. It allows DHL Express to make fewer stops and reduce associated landing fees on long-haul routes, resulting in the lowest trip cost of any large freighter.
This is especially important “given the critical role DHL plays in distributing Covid-19 vaccines and meeting the increased demand for express cargo,” said Ihssane Mounir, commercial sales & marketing senior vice president of The Boeing Company.
Preceding the new order announced December 12, DHL Express had already taken delivery of the first 10 new B777F aircraft as part of an original order of 14 aircraft made in 2018.
Amid growing demand for cross-border time-definite shipments, both companies also agreed to options and purchase rights for four additional planes.
Photo courtesy of DHL