A FedEx Corp. Boeing 767-300F cargo plane sits parked at the San Diego International Airport (SAN) in San Diego, California, U.S., on Monday, April 27, 2020.
Bing Guan | Bloomberg | Getty Images
FedEx is investing at least $2 billion toward sustainable energy initiatives, including electric vehicles and carbon capture research, as part of a new pledge to become carbon neutral by 2040, the company announced Wednesday.
The Memphis-based logistics giant said it aims to replace all of its parcel pickup and delivery vehicles with a sustainable electric fleet by 2040. FedEx, which operates more than 200,000 vehicles and 680 cargo airplanes, will continue investing in alternative fuels to reduce…