FedEx increases its emissions reduction goal, continues to deploy EVs

The company now has 364 hybrid vehicles and 118 electric vehicles in service.

 

In 2008, FedEx Corp. (NYSE: FDX) announced a goal of reducing carbon emissions and improving the fuel efficiency of its FedEx Express vehicle fleet by 20 percent by 2020, as compared with 2005. Today the company announced that it has nearly achieved these goals, and is setting a more aggressive target of a 30 percent reduction by 2020.

Most of today’s statement concerned aircraft emissions, but FedEx also noted its continued deployments of electric commercial vehicles in cities around the globe, including its electric-powered tricycles in Paris. In fiscal year 2012, FedEx Express increased the size of its advanced vehicle fleet by 18 percent. The company now has 364 hybrid vehicles and 118 electric vehicles in service. To date, these vehicles have logged 12.1 million miles and saved 345,000 gallons of fuel.

“FedEx is dedicated to providing sustainable solutions for our customers,” said Mitch Jackson, VP of Environmental Affairs and Sustainability. “This year’s Global Citizenship Report showcases our tireless efforts to maximize our efficiency while advancing our commitment to connect the world in responsible and resourceful ways.”

 

Source: FedEx