Asia Pacific, Middle East & Africa (AMEA)

FedEx Opens Eighth Station in Hong Kong

HONG KONG, January 14, 2005 — FedEx Express (FedEx), the world’s largest express transportation company, today announced the opening of its eighth station in Hong Kong. The new station is part of FedEx’s commitment to meet anticipated increasing customer demands in Hong Kong for logistics related services.

“FedEx is optimistic about the prospects for Hong Kong’s express and logistics industry,” said Peter Yin, FedEx’s Regional Vice President, South Pacific, “We are seeing Hong Kong extend and refine its role as a key player in high-end logistics services. As our customers move to take advantage of opportunities provided by the growth of the Pearl River Delta region, this additional station will double our capacity in one of Hong Kong’s most important manufacturing areas, Tsuen Wan, and give us the capability to handle substantially more volume and increasing customer demands.”

Occupying an office and operating center area of 41,000 square feet, the Tsuen Wan station is strategically situated close to FedEx’s customers as well as the airport, reducing the transportation time to and from the airport for delivery of time-sensitive goods. The new station will provide handling for up to 6,400 packages per hour of any size or shape.

Mr. Yin continued, “We made a number of service enhancements in 2004, including the expansion and facility upgrade at our Gateway Operation in Hong Kong International Airport, the introduction of the noon delivery service and the additional flights to Incheon. These moves are all designed to lay a solid foundation for anticipated future demand.”

Today, FedEx operates 35 weekly flights in and out of Hong Kong. FedEx has over 1,000 employees in Hong Kong, 9 drop-off locations and 14 drop-off boxes, 11 FedEx World Service Centers at Cheung Sha Wan, Tsim Sha Tsui, Tsim Sha Tsui East, To Ka Wan, Kwun Tong, Tsuen Wan, Chai Wan, Kennedy Town, Central and Hong Kong International Airport, and eight FedEx operations stations in Cheung Sha Wan, To Ka Wan, Kwun Tong, Tsuen Wan, Chai Wan, Kennedy Town and Shatin.

About FedEx Express

FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world’s gross domestic product in one to three business days with door-to-door, customs-cleared service and a money-back guarantee*. The company’s unmatched air route authorities and infrastructure make it the world’s largest express transportation company, providing fast, reliable and time-definite transportation of approximately 3.2 million packages to more than 220 countries and territories countries each working day. FedEx Express employs more than 137,000 employees and has approximately 50,000 drop-off locations, 663 aircraft and more than 41,000 motorized vehicles in its integrated global network.

*Certain limitation applies.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $27 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 250,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit