By 2020, FedEx Express plans to reduce carbon dioxide emissions from its aircraft fleet by 20%, and improve the fuel efficiency of its vehicle fleet by 20%
Since 2005, FedEx has reduced aircraft carbon dioxide emissions by 37% per available ton mile and improved FedEx Express vehicle fuel efficiency by 137%, reducing vehicle carbon emissions by almost one billion pounds
FedEx continues to make significant progress toward achieving its fuel efficiency goals by investing in more fuel-efficient aircraft, vehicles and facilities including:
Operating the largest fleet of commercial hybrid electric trucks in North America and the transportation industry with more than 170 vehicles The fleet recently celebrated the major milestone of more than two million miles of revenue service
Compared with conventional vehicles, FedEx E700 hybrid electric trucks, the most common hybrid in the FedEx fleet, improve fuel economy by 42%, reduce greenhouse gas emissions by approximately 25% and cut particulate pollution by 96%
FedEx Express has worked to optimise its delivery routes to ensure that the most efficiently-sized vehicle is used on each route As a result of these efforts, more than one-quarter of the FedEx Express fleet has been converted to smaller, more fuel-efficient vehicles, saving more than 45 million gallons of fuel in the past three years
FedEx has also begun upgrading its aircraft fleet by replacing narrow-body Boeing 727 aircraft with Boeing 757 planes that reduce the environmental impact, cutting fuel consumption by up to 36% whilst providing 20% more payload capacity
The company will also acquire Boeing 777 aircraft that provide greater payload capacity and use 18% less fuel on average than the MD-11 aircraft currently in operation These aircraft replacements will also significantly reduce carbon emissions
FedEx Express employees are increasing jet fuel efficiency and reducing jet fuel emissions during operations with more than 30 initiatives that range from improvements in flight planning to aircraft operation efficiencies
FedEx is also reducing the amount of fuel used when a plane is at the gate by using ground power instead of aircraft power, saving almost one million gallons of fuel per month
FedEx Express and FedEx Freight operate three solar-powered facilities in California (Oakland, Whittier and Fontana), and recently broke ground for its largest solar-powered hub to date, in Cologne, Germany The Cologne hub is scheduled for completion in 2010
Fred Green, President and Chief Executive Officer, departing after 34 years of service.
The Group delivered a profit of USD 1.2bn (USD 1.2bn) and a return on invested capital (ROIC) of 10.0% (11.7%) for Q1.
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