FedEx Express and Modec Rollout State-of-the Art Electric Vehicles
LONDON, August 24, 2009—FedEx Express, the world’s largest express transportation company and a subsidiary of FedEx Corp. (NYSE: FDX), and Modec recently rolled out ten new state-of-the-art electric commercial vehicles for use in the United Kingdom.
The vehicles, which have been heralded as the future of urban vehicle manufacturing, are designed specifically for commercial operation in urban environments, making the vehicle quick and easy to enter and exit, and maximizing driver comfort and productivity. Based in London, the vehicles will travel an average of 13,725 miles in a year—the equivalent of more than halfway round the earth’s circumference.*
Each vehicle is branded with the FedEx EarthSmart logo, communicating the FedEx commitment to connecting the world in responsible and resourceful ways through industry-leading innovations that are more efficient and better for the environment.
The integration of the Modec vehicle into the UK fleet is part of a FedEx pledge to improve the fuel efficiency of its vehicle fleet by 20 percent and reduce carbon dioxide emissions from its aircraft fleet by 20 percent per available ton mile by 2020.
Modec vehicles feature a large, removable battery pack and can travel more than 60 miles on one overnight charge. With zero tailpipe emissions, the vehicles will save around 11 tonnes of CO2 a year compared to a similar weight diesel vehicle.**
Mark Gordon, senior manager, Operations, FedEx Express UK, said, “The couriers have praised the vans for their comfort and ease of use and are really proud to play their part in an environmentally-responsible manner.”