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FedEx Express Deploys Cleaner, Fuel-Saving Vehicles in Denver

Posted on: Wednesday, 21 February 2007, 09:00 CST

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), today introduced four hybrid electric medium-duty trucks into service in the Denver metropolitan area. Sen. Ken Salazar (D-Colo.) joined FedEx to unveil the vehicles at a press conference at a FedEx Express facility in downtown Denver.

Salazar, a member of the Senate Energy and Natural Resources Committee, is a leading voice in the U. S. Senate calling for alternative energy solutions to reduce dependence on foreign oil, enhance national security, protect land and water resources, and create new jobs throughout America.

"The FedEx hybrid electric truck is an excellent example of how one company can take steps to improve our air quality while reducing dependence on foreign oil," said Salazar. "I, along with a bipartisan group of my Senate colleagues, am championing efforts that will provide incentives for American automobile manufacturers and businesses to produce and use more hybrid and flex-fuel vehicles. I applaud FedEx for taking a leadership role in investing in this technology that delivers cleaner air in our community."

"The introduction of these hybrid vehicles in Denver is another milestone in our ongoing commitment to environmental stewardship," said John Formisano, vice president of Global Vehicles, FedEx Express. "FedEx thanks Sen. Salazar for his leadership, and we are hopeful that his efforts will help spur manufacturing in the hybrid sector to bring down costs and allow FedEx to introduce more of these outstanding vehicles in cities across Colorado and the country."

The FedEx Express hybrid, developed in cooperation with Environmental Defense and Eaton Corp., will deliver cleaner and healthier air and reduce climate change impacts. This new vehicle:

Decreases soot by 96 percent and smog causing emissions by 65 percent

Travels 57 percent farther on a gallon of fuel, reducing fuel costs by over a third

Operates and performs like a conventional FedEx Express medium duty vehicle

The introduction of the FedEx Express hybrid vehicles is part of an innovative alliance that began in 2000 between FedEx and Environmental Defense to create the next generation of cleaner, more fuel-efficient delivery trucks. FedEx became the first company to begin converting its medium duty truck fleet to hybrid vehicles for commercial use.

Including Denver, FedEx operates a total 93 hybrid vehicles in cities such as New York, Tampa, Sacramento and Washington, D.C.

About FedEx Express

FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, usually in one to two business days with the delivery time backed by a money-back guarantee.

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 $34 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 275,000 employees and contractors 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 fedex.com.

Source: Business Wire

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