Asia Pacific (English)

FedEx Enhances Asia Reach to Middle East

BEIJING, February 14, 2012 -- FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, today announced the expansion of its network coverage from Asia to markets in the Middle East, providing significant service improvements to meet increasing business demand.

Building on the January 2011 launch of the first FedEx direct service between India and the FedEx Asia Pacific hub in Guangzhou, southern China, this five-times-a-week routing improves FedEx connectivity to Middle East markets.

With this new routing—Guangzhou-Mumbai-Dubai-Delhi-Guangzhou—customers shipping from major Asia Pacific markets to major Middle East countries, including the United Arab Emirates, Afghanistan, Bahrain, Iraq, Kuwait, Oman, Pakistan, Qatar[1] with the following FedEx products can now enjoy transit improvements of up to two days:

Ÿ FedEx International Priority®/FedEx International Priority® Distribution shipments originating from New Zealand.

Ÿ FedEx International Economy ® shipments originating from key Asia Pacific markets[2].

Ÿ FedEx International Priority® Freight shipments originating from key Asia Pacific markets, except New Zealand.

Ÿ FedEx International Economy® Freight shipments from key Asia Pacific markets, except New Zealand.

Ÿ Customers shipping from Middle East to Asia can also enjoy up to two days transit time improvement for IPF shipments.

“This latest route further enhances the operational strength of the FedEx international network by providing greater access to two of the fastest-moving markets in the world and supporting their economic development,” said David Cunningham, Jr., president, Asia Pacific, FedEx Express. “We are highly attuned to the increasing needs of our customers and respond with new services which keep them at the forefront of their industries in this demanding world.”

Asia and the Middle East have already recorded strong economic performances in 2011 with GDP growth projected for the full year at 7.5%[3] and 4.0%[4] respectively. Both regions’ economies are expected to significantly outpace the world’s average growth rate, expanding at a rate of 4.7% (Asia Pacific) and 4.1% (Middle East) per year for the next 20 years[5]. The total value of merchandise trade between Asia and the Middle East was US$668 billion in 2010[6] and this figure is expected to grow.

FedEx Commitment to Asia Pacific

This initiative is the latest in a series of targeted investments. Since June, FedEx has introduced a series of service enhancement initiatives to further strengthen its products and services for shippers in a growing Asian marketplace. These include the introduction of the Extra Large Pak (XL Pak) for larger shipments; expansion of FedEx International Economy and FedEx International Economy Freight services with more routes inside Asia Pacific and beyond; and deployment of a new A300-600 aircraft on the existing route between Incheon, South Korea into the FedEx Asia-Pacific hub in Guangzhou, China providing additional capacity to Europe and Asia.

About FedEx Express

FedEx Express is one of the world’s largest express transportation companies, 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[7].

[1] Improvement may vary depend on origin Asian country.

[2] Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam.

[3] Asia Economic Monitor, Asian development Bank, December 2011

[4] Regional Economic Outlook, Middle East and Central Asia, International Monetary Fund, October 2011

[5] Boeing World Air Cargo Forecast 2010-2011, November, 2010

[6] International Trade Statistics 2011, World Trade Organization

[7] Subject to relevant terms and conditions