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UPS, FedEx works to secure more freighters, Bloomberg reports

UPS (UPS) and FedEx (FDX) are working to secure more freighters as they deal with the indefinite grounding of the workhorse MD-11 jet while investigators probe why an engine tore off a widebody on November 4, Cailley LaPara, Julie Johnsson, and Siddharth Philip of Bloomberg reports. The grounding has complicated operations just as shipping volumes surge for the peak period through Christmas. UPS has 26 MD-11s, about 9% of its fleet, while FedEx had 28 in operation, accounting for 4% of its in-service aircraft.

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