The global supply chain has monumental repercussions on the environment, causing long-term damage to ecosystems and generating record-breaking greenhouse gas emissions. But some of the world’s largest shipping companies are studying methods to reduce the footprint of their operations:
- Amazon: The company’s plans to make shipment of goods emission-free include deploying 100,000 electric delivery vehicles by 2030,
- United Parcel Service (UPS): As for transportation, the company has invested more than USD$1 billion in alternative fuel and advanced tech and already operates more than 13,000 alt-fuel vehicles.
- AIT Worldwide Logistics set a net-zero emissions target for 2035 in its first sustainability report.
- XPO Logistics Inc. (NYSE: XPO) launched a Ship Net-Zero program, giving shippers the option to purchase carbon credits to offset emissions from shipments.
- The Federal Railroad Administration announced a Climate Challenge initiative, which urges railroads and rail equipment manufacturers to achieve net-zero greenhouse gas emissions by 2050.
- CSX Corp. (NASDAQ: CSX) recognized six customers with an inaugural environmental excellence award for emission reductions from truck-to-rail conversions.
- Mitsubishi Heavy Industries signed a memorandum of understanding with electrofuels producer Infinium to advance development of electrofuels in the Japanese market.
- Cold Chain Technologies committed to saving 50 million pounds of waste from going to landfills through reusable thermal packaging solutions.
- The Federal Highway Administration highlighted several climate programs, including the Carbon Reduction Program, that could help fund electrification at truck stops.
Growth + Change = Opportunity! How are you going to capitalize on the opportunity as a freight broker, agent, dispatcher or box truck carrier!?