FedEx Express Boosts Services Benefiting Eastern China Exports to Europe

Taipei, September 6, 2010 -- FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, today announced later pick ups for all FedEx international low-value shipments[1] bound for the Europe service lane[2]from Shanghai, Suzhou, Hangzhou, Ningbo and Shaoxing. From Tuesday through Friday, customers in select areas of these five cities have an additional two hours to prepare their shipments. The later pick up at 20:00 instead of 18:00[3] gives customers more time and greater flexibility in meeting their growing business demands.

This service enhancement is a part of an ongoing focus by FedEx to give customers a competitive edge by strengthening its connection between China and Europe. According to the Chinese General Administration of Customs, the country’s exports to the EU hit US $236.2 billion last year, accounting for 20 percent of China’s total overseas shipments.

“The EU is China’s biggest export market, with an average annual growth rate of 11.1 percent over the past five years[4]” said David L. Cunningham Jr., president, FedEx Express Asia Pacific. “FedEx EuroOne® network connects hundreds of European cities with a next-business-day service. This latest service enhancement reflects our commitment to enhance access to this important region for our customers in mainland China.”,

FedEx has dramatically enhanced its services between China to Europe to meet increased customer demand. Enhancements by FedEx for the China-Europe segment include the launch of the express air cargo industry’s first express direct flight from mainland China to Europe in March 2005. In February 2009, FedEx opened its Asia Pacific hub in Guangzhou, which represents its long-term commitment to providing better services and access to businesses in Asia by connecting the region with hundreds of European cities via the FedEx EuroOne® network.

[1]Applies to informal customs declaration shipments, including documents, free samples and advetising articles

[2]Applies to major countries in Europe, Africa, Middle East, Mid-west Asia

[3]Does not apply to remote areas in five cities

[4]European Commissions, July 19, 2010