Some commercial airlines, including Delta Air Lines, still fly older 757s and 767s over three decades old, but cargo operators like FedEx Express and UPS Airlines operate even older fleets, with some aircraft surpassing 40 years of age.

Following the tragic crash of a UPS MD-11 cargo plane in Louisville on November 4, which resulted in 14 fatalities, FedEx has announced the grounding of its entire MD-11 fleet.The decision by FedEx comes ahead of a federal aviation order issued on Saturday,

UPS and FedEx's fleets of MD-11 planes are grounded, which can each carry thousands of packages. Logistics experts say some cargo could shift to passenger planes, trains and trucks.

The FAA has mandated a nationwide grounding of the McDonnell Douglas MD-11 in the wake of UPS 2976, in which an MD-11 crashed shortly after takeoff when its left engine detached from the aircraft's wing.

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FedEx Express is encouraging pilots to move to regional passenger carrier PSA Airlines as direct-entry captains, with the opportunity to flow through to legacy American Airlines. The regional carrier is sweetening the deal with a $250,000 signing bonus.

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After a UPS plane crashed last week, leaving over 10 people dead, the delivery company and FedEx have decided to ground all MD-11 planes.