FedEx Expands Zero-Emission Fleet in Japan with 17 Electric Trucks to Support 2040 Carbon Neutral Goal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: NASDAQ.COM
- Electric Truck Deployment: FedEx has expanded its fleet in Japan with 17 electric trucks, utilizing Mitsubishi Fuso eCanter and Isuzu ELF EVs, supporting its goal of achieving carbon neutrality by 2040 and demonstrating its commitment to environmental sustainability.
- Significant Emission Reduction: Each electric truck has a payload of 1.5 tons and is expected to reduce tailpipe emissions by approximately 3.3 metric tons per vehicle annually, significantly lowering the carbon footprint of urban deliveries and aiding Japan in its target of a 60% reduction in greenhouse gases by 2035.
- Urban Delivery Optimization: The new electric trucks will primarily operate in high-density urban routes such as Tokyo, Kanagawa, and Osaka, enhancing delivery efficiency while maintaining the speed and quality expected by customers, thereby strengthening FedEx's competitive position in the market.
- Support for Climate Goals: The introduction of these electric trucks aligns with Japan's goal of achieving net-zero emissions by 2050, making FedEx's initiative not only compliant with national policies but also a crucial part of its global sustainability strategy.
Analyst Views on FDX
Wall Street analysts forecast FDX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FDX is 271.61 USD with a low forecast of 200.00 USD and a high forecast of 320.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
11 Buy
7 Hold
2 Sell
Moderate Buy
Current: 309.660
Low
200.00
Averages
271.61
High
320.00
Current: 309.660
Low
200.00
Averages
271.61
High
320.00
About FDX
FedEx Corporation provides customers and businesses with a portfolio of transportation, e-commerce, and business services. The Company offers integrated business solutions utilizing its flexible and efficient global network. Its segments include Federal Express, FedEx Freight, and Corporate, other, and eliminations. Federal Express segment includes express transportation, small-package ground delivery, and freight transportation, and it also operates combined sales, marketing, administrative, and information-technology functions in shared service operations for United States customers. FedEx Freight segment includes FedEx Freight (LTL freight transportation) and FedEx Custom Critical (time-critical transportation). Corporate, other, and elimination segments include FedEx Dataworks, Inc. (FedEx Dataworks), FedEx Office and Print Services, Inc. (FedEx Office), and FedEx Logistics, Inc. (FedEx Logistics). FedEx Logistics offers customs brokerage, specialty transportation, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
