FedEx Long-Term Commitment to Sustainability Gets a Boost: Emissions Reduction Goal Increased Fifty Percent

Annual FedEx Global Citizenship Report Highlights Company’s Milestones in Energy Conservation

HONG KONG, September 27, 2012—In 2008, FedEx Corp. (NYSE: FDX) announced it would seek to reduce carbon emissions intensity from its FedEx Express aircraft and improve the fuel efficiency of its FedEx Express vehicle fleet by 20 percent by 2020, as compared with its 2005 performance.  Less than five years later, FedEx has nearly achieved these goals and is today announcing a revised, more aggressive target that continues to move the world’s largest express transportation company forward in an environmentally-conscious manner.

With its 2008 emissions reduction and fuel efficiency goals, FedEx set the stage for industry-leading environmental action and public advocacy.  As the latest Global Citizenship Report details, FedEx is well on its way to achieving the 20 percent aircraft emissions intensity reduction and fuel efficiency improvement goals it set for 2020, having reduced aircraft emissions intensity by 13.8 percent and improved vehicle fuel efficiency by 16.6 percent at the end of its fiscal year 2011.  Consequently, FedEx has increased its aircraft emissions goal by 50 percent, to a 30 percent reduction in global aircraft emissions intensity by its original 2020 target date.  FedEx has also reaffirmed its commitment to sourcing at least 30 percent of its jet fuel from alternative fuels by the year 2030.

FedEx has achieved these energy efficiency and sustainability

milestones through EarthSmart Innovations and EarthSmart @ Work—specifically, its Fuel Sense initiative and its innovative “Reduce, Replace, Revolutionize” approach to network management.

In the last year, FedEx has:

·         Continued aircraft fleet replacements.  By 2015, FedEx Express will have replaced all of its less-efficient 727s with more fuel-efficient and greater payload 757 aircraft.  The company is also continuing to introduce Boeing 777F aircraft across the global network including additional 777F routes connecting Hong Kong, Osaka, Shanghai and Shenzhen to the U.S. These aircraft use 18 percent less fuel than the MD-11 aircraft while also providing greater payload capacity.  Further, FedEx Express is planning to introduce the new Boeing 767 aircraft to its fleet in fiscal year 2013, which will further contribute to its ability to meet the newly-revised aircraft emissions intensity reduction target.

·         Continued on-the-road deployments of all-electric commercial vehicles in cities around the globe.  These advanced vehicles operate alongside fuel-efficient Sprinter vans which FedEx continues to bring into service, hybrid vehicles and novel, innovative delivery solutions such as electric-powered tricycles in Paris.  In its fiscal year 2012, FedEx Express increased the size of its advanced alternative-vehicle fleet by 18 percent, with a total of 364 hybrid-electric vehicles and 118 electric vehicles in service.  To date, these vehicles have traveled a total of 12.1 million miles and conserved 345,000 gallons of fuel. The FedEx Eco-drive campaign is also contributing to fuel efficiency targets. In the past year the program has been expanded to 10 markets across the Asia Pacific region (Australia, China, Hong Kong, Japan, South Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand), changing the driving habits of over 4,000 FedEx drivers and allowing them to drive more efficiently.

·         Introduced FedEx Carbon-Neutral Envelope Shipping, a no-cost-to-consumers program that helps improve the carbon footprint not only at FedEx, but also for its customers’ businesses.  FedEx calculates that the annual carbon emissions offset by this program is equivalent to planting 2,179,487 tree seedlings and letting them grow for 10 years.

·         Continued to improve upon its network-wide recycling efforts, collecting 47.9 million pounds of recyclable waste in FY11—an increase of more than 6 million pounds from FY10. 

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

About FedEx Express

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to every U.S. address and to more than 220 countries and territories.  FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee[1].

For further information, please contact:

Rina Hiranand
Tel: +852 2973 0222
Email: rina.hiranand@bitecommunications.com

SOURCE: Submitted by Bite Communications

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