FedEx Express, an operating company of FedEx Corp. (NYSE: FDX), today introduced its new 767-300 cargo jet scheduled to begin service this fall. The aircraft is the first of several new 767-300 freighters being added to the FedEx fleet, and represents a major step in the company’s strategically important aircraft fleet modernization program. The 767-300 joins 777s and 757s in the company’s growing fleet of more efficient, lower-emission freighters.
The 767 brings FedEx an array of double-digit efficiencies. The freighter is approximately 30 percent more fuel efficient and has unit operating costs that are more than 20 percent lower than the MD10 aircraft it will replace. The ability to share parts, tooling and flight simulators with FedEx 757 freighters is another efficiency of the 767.Across its aircraft fleet, FedEx projects a 30 percent reduction in its unit carbon emissions by the year 2020. In addition, the company has reaffirmed its commitment to sourcing at least 30 percent of its jet fuel from alternative fuels by the year 2030. With the 767 freighter, FedEx is also introducing a new “efficient container” or Unit Load Device used to hold individual packages on the aircraft. The FedEx Efficient Container is lighter and its construction includes more recycled materials. Under its aircraft fleet modernization program, FedEx began upgrading its fleet in 2007 with the addition of 757 freighters to replace 727s. The final 727 in the FedEx fleet was retired in June. In 2009, the company introduced the 777, the world’s largest twin-engine cargo freighter with a non-stop flight range of 5,800 nautical miles (6,675 statute miles) and a cargo capacity of 178,000 pounds in typical FedEx service. 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, by a definite time and date with a money-back guarantee. About FedEx Corp. FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $45 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 300,000 team members 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 news.fedex.com.