FedEx aims for all-electric fleet by 2040

By Mike Brezonick10 March 2021

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.

MAGAZINES
NEWSLETTER
Delivered directly to your inbox, Diesel News Network newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail: alister.williams@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
Hitachi to increase product and service offering in the Americas
Name change for Hitachi subsidiary following ending of Deere JV as the company looks to expand into the Americas
JLG enters agriculture market
JLG has introduced a new telehandler line geared toward the agriculture sector, names ag director of channel development 
Merecedes-Benz GenH2 truck receives road approval
License to use fuel-cell trucks on public roads seen as major step to series production