FedEx highlights huge charitable donation in CSR report
FedEx has released its fifth annual Global Citizenship Report, this week, which outlines and evaluates the company’s corporate responsibility efforts.
With a core focus on the areas of Economics & Access, Environment & Efficiency, Community & Disaster Relief, and People & Workplace, the company highlighted significant savings from its sustainability efforts, along with fuel efficiency achievements and a continued support for disaster relief organizations.
Over the last year, the company has surpassed its fuel efficiency goal, donated more than $46 million to charitable organizations and contributed over $5.5 million to aid efforts during Superstorm Sandy. See below for a detailed breakdown of the report.
Energy Efficiency and new vehicles
Over the last year, the company has surpassed and revised its vehicle efficiency sustainability goal, increasing the fuel efficiency of its vehicle fleet 20 percent by 2013, seven years earlier than its 2020 goal. The company increased the overall size of its alternative-energy vehicle fleet by 18 percent in its fiscal year 2012 alone, with a total of 364 hybrid-electric vehicles and 118 all-electric vehicles. To date, these vehicles have saved almost 500,000 gallons of fuel and traveled more than 15 million miles.
During 2012, FedEx Express also introduced seven more Boeing 777 aircraft, which use 18 percent less fuel and provide greater payload capacity than the aircraft they replace. The company currently has 23 Boeing 777s providing service to 25 cities around the world and is on track to have 43 777s in service by 2023, as reported last year.
The company has partnered with a number of organizations as part of its goal of sourcing 30 percent of its jet fuel from alternative sources by 2030. The FedEx Express Fuel Sense program, an EarthSmart initiative focused on more efficient aircraft operations, has successfully identified dozens of ways to reduce fuel usage and carbon emissions.
In 2012, the company also expanded its network of solar energy facilities, generating more than 20 GWh of solar electricity and reduced CO2 emissions by an estimated 6,989 metric tons since building its first installation in 2005.
FedEx continued its long-standing support for organizations focused on disaster relief, pedestrian and road safety, and environmental sustainability, donating $46 million in direct cash contributions, donated shipping and team member contributions. Additionally, more than 16,500 team members participated in a wide variety of community service projects throughout the year.
Each year, the company sets aside space and funding for up to four million pounds of disaster relief supplies and equipment. In the days and weeks following Superstorm Sandy in November 2012, FedEx donated $1.5 million and an additional four million pounds of disaster aid on behalf of relief organizations.
In addition to the extensive resources of the FedEx global transportation network, the company has a number of social responsibility programmes. Partnering with the United Way to sponsor its annual companywide contribution campaign, FedEx offers team members in the U.S. the opportunity to participate in a payroll-deduction contribution campaign, which is currently in its 37th year.
Separately, the annual Safe Kids Walk This Way events teaching child pedestrian safety rules drew more than one million student and community participants and nearly 1500 FedEx volunteers in 502 cities.
More information about the accomplishments highlighted here and additional stories about the FedEx commitment to responsible corporate citizenship may be found in the online version of the FedEx 2012 Global Citizenship Update at csr.fedex.com.
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany