An ambitious goal for the world’s largest cargo airline, FedEx Corp. announced that it is aiming to achieve carbon-neutral operations globally by 2040 with a $2 billion initial investment. 

This initial spending is designed to advance the company’s push for vehicle electrification, sustainable energy and carbon sequestration. 

“We have a responsibility to take bold action in addressing climate challenges,” said CEO Fred Smith. “This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.”

By 2040, FedEx hopes to have its entire parcel pickup and delivery (PUD) fleet composed of zero-emission electric vehicles. The corporation...