Mega Carriers Embrace Fleet Electrification With Goal to Reach Net-Zero-Emissions by 2040
Memphis, TN/Green Bay, WI – Two of America’s largest carriers are embracing fleet electrification with the goal of reaching net-zero-carbon-emissions within the next two decades.
On the same day last week, both Memphis, TN-based FedEx Corp. and Green Bay, WI-based Schneider National announced new corporate sustainability initiatives.
On Wednesday, FedEx said it has set a goal to achieve carbon-neutral operations globally by 2040.
In a statement, the transportation giant boasting almost 700 planes and more than 180,000 vehicles, said its entire FedEx parcel pickup and delivery (PUD) fleet will be zero–emission electric vehicles no later than 2040.
By 2025, FedEx insists 50% of FedEx Express global PUD vehicle purchases will be electric, rising to 100% of all purchases by 2030.
“We have a responsibility to take bold action in addressing climate challenges,” said Frederick W. Smith, Chairman and CEO, FedEx Corp. “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.”
Also as part of its green energy adoption plans, FedEx announced it is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration.
The company called vehicle electrification “the future.”
In January, FedEx Express announced it was partnering with BrightDrop, General Motors’ newest business, which will offer new electric first-to-last-mile products, from ePallets to the EV600 which is a fully electric light commercial delivery vehicle powered by the Ultium battery system.
The EV600 is targeted to have an estimated range of up to 250 miles on a full charge and available at a GVWR of less than 10,000 pounds.
It’s expected to hit the road later this year.
Also on Wednesday, Schneider announced a series of series of corporate goals to address the next steps in its objective to reach net-zero-emissions.
As part of that effort, the company said it plans to achieve net zero status for all company-owned facilities by 2035.
Additionally, the mega carrier said it plans to reduce carbon emissions by 7.5 percent per mile by 2025, and achieve a reduction of 60 percent per mile by 2035.
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Plus, Schneider said it will “double” its intermodal fleet size by 2030 with the objective of reducing carbon emissions by an additional 700 million pounds per year.
In addition to the new corporate goals, Schneider has also committed to the future of fleet electrification.
The company has been piloting the use of an electric eCascadia truck by Freightliner in California for local and regional delivery and pick up.
“We are addressing critical issues in our environment,” said Mark Rourke, president and CEO. “With our new sustainability goals, we will measure our progress and hold ourselves accountable.”
Schneider plans to release its first annual sustainability report later this year.