Advertisement
Canada markets close in 6 hours 10 minutes

  • S&P/TSX

    21,816.16
    +107.72 (+0.50%)
     

  • S&P 500

    5,007.06
    -4.06 (-0.08%)
     

  • DOW

    37,902.68
    +127.30 (+0.34%)
     

  • CAD/USD

    0.7272
    +0.0009 (+0.12%)
     

  • CRUDE OIL

    82.83
    +0.10 (+0.12%)
     

  • Bitcoin CAD

    89,293.73
    +3,238.98 (+3.76%)
     

  • CMC Crypto 200

    1,336.77
    +24.14 (+1.88%)
     

  • GOLD FUTURES

    2,399.00
    +1.00 (+0.04%)
     

  • RUSSELL 2000

    1,940.53
    -2.43 (-0.13%)
     

  • 10-Yr Bond

    4.6060
    -0.0410 (-0.88%)
     

  • NASDAQ

    15,531.47
    -70.03 (-0.45%)
     

  • VOLATILITY

    18.40
    +0.40 (+2.23%)
     

  • FTSE

    7,848.22
    -28.83 (-0.37%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6816
    -0.0005 (-0.07%)
     
MARKETS LIVE BLOG:

STOCKS OPEN MIXED AFTER ISRAEL STRIKE-FUELLED TUMBLE

Shares of Netflix, the first of the megacap techs to report, slide in early trading

FedEx delivery trucks to be all zero-emissions vehicles by 2040

Joe Lorio
Updated ·1 min read



FedEx has announced that its fleet of pickup and delivery trucks will be all-EV by 2040. The move to an all-electric fleet is part of the package-delivery company's goal to be carbon-neutral by 2040.

By 2025, half of new FedEx truck purchases will be EVs, rising to 100% by 2030. So far, the company has signed on as a buyer for GM's BrightDrop EV600 commercial van (pictured). The EV600, which GM announced in January, will have a 250-mile range and 600 cubic feet of cargo capacity, and FedEx is set to receive its first EV600s before the end of the year. Presumably, though, FedEx will need to expand its range of battery-electric trucks beyond just the GM offering, perhaps to Ford's E-Transit van, the Mercedes eSprinter, the VW I.D. Buzz Cargo, or a startup like the Bolinger Motors Deliver-E.

ADVERTISEMENT

FedEx operates a fleet of some 200,000 pickup and delivery trucks. The company says it will spend $2 billion to achieve its goal of carbon-neutrality, which in addition to an electrified truck fleet will also involve reducing the fuel demand for its planes.

"The long-term health of our industry is directly linked to the health of the planet, but this effort is about more than the bottom line — it's the right thing to do," said Mitch Jackson, chief sustainability officer in a statement.

Related video: