Energy

FedEx pledges $2 billion toward carbon-neutral operations by 2040, aims for all-electric fleet

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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…



Source cnbc.com

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