FedEx Ranked Highest Among Multinational Express Companies in Wall Street Journal Asia’s “Asia 200” List

HONG KONG, Nov. 27, 2008 — FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE:FDX) and one of the world’s largest express transportation companies, leads other international industry peers as the best-performing multinational express transportation company in the Asia Pacific region, according to the recently published Wall Street Journal Asia’s “Asia 200 – Asia’s Most Admired Companies” survey.

FedEx ranked 22^nd in the overall leadership ranking of multinationals with operations in the Asia Pacific region, establishing a clear lead over industry peers. FedEx also outperformed its peers on the five attributes that aggregated to the overall score: quality of products and services; corporate reputation, such as good corporate governance and workplace and environmental policies; management’s long-term vision; innovativeness in responding to customer needs; and financial soundness.

“The Asia-Pacific region is an important part of the FedEx global strategy so we are honored to be considered a leader in the industry by the business community in this region,” said David L. Cunningham Jr., president of FedEx Asia Pacific. “This is a testament to the FedEx team’s commitment to consistently deliver outstanding FedEx products and experience.”

“Asia 200 – Asia’s Most Admired Companies” is an annual survey which identifies and ranks Asia ’s top 200 publicly-traded companies. The Journal’s subscribers as well as more than 2,400 executives and professionals from twelve Asian countries and territories (including Australia , mainland China , Hong Kong , India , Indonesia , Japan , Malaysia , the Philippines , Singapore , South Korea , Taiwan and Thailand ) participated in the survey.

Earlier this year, FedEx was named by FORTUNE magazine as among the most admired companies in the United States and the world for seven consecutive years, and one of FORTUNE’s Best Companies to Work For in 10 of the past 11 years.

Survey Methodology

The Wall Street Journal Asia’s “Asia 200 – Asia ’s Most Admired Companies” survey uses the Dow Jones Wilshire Global Total Market Index to identify a number of the world’s top publicly traded companies. The Journal then invited its subscribers and more than 2,400 executives and professionals from 12 Asia-Pacific countries and territories to participate in the survey. In China , the survey also polled users of our Chinese language site, Chinese.wsj.com. In India , the survey also polled subscribers to the English-language business daily Mint.

The overall leadership score was obtained by asking readers to rate companies on five attributes: innovativeness in responding to customer needs; corporate reputation; management’s long-term vision; quality of products and services; and financial reputation.

Respondents also were asked to rank the relative importance of the five attributes in determining leadership. The more important an attribute was regarded by the respondents, the more weight it was given. The better a company did on the more-important attributes, the higher its overall ranking.