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FedEx (FDX) Enters Into Long-Term Agreement With Atlas Air

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FedEx FDX recently announced that it entered into a long-term air freight partnership with Atlas Air Worldwide HoldingsAAWW subsidiary Atlas Air. The deal is aimed at boosting air cargo capacity during the peak shipping seasons.

Per the deal, which is a huge positive for the air freight sector, Atlas Air will provide FedEx with two 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance (ACMI) basis. The 747-400 freighters are helping FedEx support its growing express and e-commerce network. Both freighters already came online and are flying on behalf of the Memphis, TN-based package delivery company.

The new deal between the companies is in addition to the existing multi-year peak season contract that provides FedEx with........

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