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Sep 13
2011

2011 Annual Report: We’re making excellent progress toward greater fuel efficiency & implementing alternative sources of energy

by Fred Smith
Posted at 9:48 am in

annual report fuelJust like you, we’re keeping an eye on the cost of fuel. At FedEx, our vision is to help develop a new short-haul transportation system powered by electricity. I am a member of the Electrification Coalition, which recommends the creation of “electrification deployment communities” — areas where incentives would support electrification on a broad scale.

Today, FedEx is testing all-electric pickup and delivery vehicles in the U.S. and Europe. Early results indicate that operational and maintenance costs could be 70 to 80 percent lower than those costs for internal combustion engines.

View a video that highlights more of my thoughts about the future of electric vehicles.

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About This Blogger

Smith gives his perspectives on the global economy as well as issues of importance to FedEx.

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