World Airways also flies two freighters a day for UPS Supply Chain Solutions (formerly Menlo). You are correct that UPS's publicly-announced plan appears to be to bring that flying into UPS Airlines and away from the contractor network.
See the following press release, about moving heavy freight to Louisville:
Early 2006, World signed a contract to fly for Menlo/UPS until September 30, 2006.
This press release didn't mention the other DC10F, and for a short while, it didn't appear that World was indeed flying that domestic DC10 turn (DAY
). Then, after it appeared that Arrow and others were late on a few flights, World returned. Although I can't find it, I believe that another press release came out then about Menlo, or it could have been a comment made in an investor conference call; either way, it seemed to indicate that the second DC10F would fly until June, and it seemed to indicate that both that and the other DC10 would fly until June. Hard to analyze whether it would fly *after* June.
Of course, what happens to World doesn't necessarily reflect UPS's plans for CAT. Contracting until at least June doesn't mean that flying won't continue after June, or can't be discontinued before June, but it might give a clue as to the present thinking of UPS management, which is, of course, subject to change.
Hope this helps.
[Edited 2006-04-15 22:37:08]