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[Innovation] FedEx, UPS, Amazon Going Electric!

FedEx Corp. plans to convert its parcel pickup and delivery fleet to battery-powered, zero-emission vehicles. UPS and Amazon are also switching to electric delivery vans. Continue...

Your packages may soon be dropped off by electric delivery vans.

Earlier this month, FedEx Corp. announced ambitious plans to achieve carbon–neutral operations around the world by 2040. In order to accomplish its goal, the company will initially invest $2 billion to convert its parcel pickup and delivery fleet to battery-powered, zero-emission vehicles.

The investment will also go towards sustainable energy and carbon sequestration. To help accelerate advancements in research on the latter, FedEx has pledged $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture. The center will also delve into ways to best offset airline greenhouse gas emissions.


“We have a responsibility to take bold action in addressing climate challenges,” Frederick W. Smith, FedEx Corp chairman and CEO, said in a statement.

“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,” he added.

 

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