Post&Parcel--FedEx has signed a deal with Boeing to purchase 27 new 767-300F aircraft, to replace its medium widebody MD10 cargo aircraft, some of which are now 40 years old.

As it released its latest financial results today, the shipping company said it will be delaying the delivery of 11 Boeing 777F aircraft, as it seeks to adjust its international fleet to changes in global market demand, particularly in Asia. Read more!