March 06, 2013 at 06:30 AM EST
FedEx Rolls Past Vehicle Fleet Fuel Efficiency Goal Years Ahead of Schedule

Annouces New Sustainability Goal

SOURCE: FedEx Corporation

DESCRIPTION:

MEMPHIS, Tenn., Mar. 6, 2013 /3BL Media/ - 

In 2008, FedEx Corp. (NYSE: FDX) set the U.S. transportation industry’s first fuel efficiency goal with a commitment to improve the overall fuel efficiency of the FedEx Express global vehicle fleet 20 percent by 2020, as compared with its 2005 performance. Less than five years later, FedEx Express has surpassed this goal with a more than 22 percent cumulative improvement in fuel economy for its vehicles.

Additionally, FedEx is announcing a revised, more aggressive goal that continues to move the world’s largest express transportation company forward in an environmentally-conscious manner. FedEx Express, a unit of FedEx Corp., has set a new target of 30 percent improvement in fuel efficiency for its global vehicle fleet by 2020, representing a 50 percent increase over the original goal. This revision mirrors the company’s 2012 announcement to increase its aircraft emissions goal from 20 percent to a 30 percent reduction in global aircraft emissions intensity by 2020.

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KEYWORDS: Environment, Reporting, Ratings & Rankings, FedEx, Vehicle Fuel Efficiency, fedex express, CSR Goal, Fuel Efficiency, sustainability

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