FedEx aims for all-electric fleet by 2040

FedEx Corp., which operates one of the world’s largest cargo airline and vehicle fleets, has announced an ambitious goal to achieve carbon–neutral operations globally by 2040.

FedEx has set a goal to reach carbon neutrality by 2040 and as part of that effort, it said the entire FedEx parcel pickup and delivery (PUD) fleet will be zero–emission electric vehicles.

To help reach this goal, the company said it is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy and carbon sequestration.

“We have a responsibility to take bold action in addressing climate challenges,” said Frederick W. Smith, chairman and CEO, FedEx Corp. “This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.”

FedEx said that by 2040, the entire FedEx parcel pickup and delivery (PUD) fleet will be zero–emission electric vehicles. This will be accomplished through phased programs to replace existing vehicles.

For more details, go to New Power Progress.