FedEx opens a new station in Marseille and reinforces its business activity in the Bouches-du-Rhône and the Var

PARIS, France, March 11, 2005 - FedEx, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has announced the opening of its new station in Marseille, enabling FedEx to make deliveries and pick-ups for customers in the Bouches-du-Rhône (13) and the West of the Var (83) counties.

Like the Rhône-Alpes, Midi-Pyrénées and Haute and Basse-Normandie regions, where FedEx has also recently opened stations, the Bouches-du-Rhône and the Var counties provide FedEx another significant opportunity for growth. This region, this region represents the third largest market for international express transportation in France. Many telecommunications, biotechnology and aeronautics firms are located in the area requiring the use of express transport services such as FedEx.

Located in Vitrolles, near Marseille-Provence airport, the station will be connected to FedEx’s international network by daily flights and road links to the FedEx European sorting center based at Roissy-Charles de Gaulle. Whether importing or exporting, customers in the region will thus have access to 24- or 48-hour express transport services to 220 countries and territories around the globe.

The Marseilles site is run by a team of about 20 recruited locally persons, consisting mainly of couriers for customer pick-ups and deliveries, plus administrative staff, operations managers and a sales force.

Customers dispatching from Marseille will be able to call on FedEx’s exclusive service to the United States. Parcels picked-up early afternoon will be delivered by 10.30 a.m. the next day. Another benefit for customers is the late pick-up service (up to 7 p.m. depending on their exact location) for guaranteed next-morning delivery to most European cities and delivery the day after next by noon to major Asian business centers.

One of FedEx’s loyal customers since 2002, Psion Teklogix, based in Aix-en-Provence, supplies mobile computing solutions and terminals to companies around the world. To help it manage equipment returns and repairs for Europe, the Middle East and Asia Pacific, FedEx provides a supply chain solution that enables Psion Teklogix to increase cycle times and improve customer service, all at lower costs.

It is the result of FedEx and Psion Teklogix working together to find the best solutions for the customers needs collaboration such as the extension the capabilities of Teknet, Psion Teklogix’s customer extranet. The API interface of FedEx ® Ship Manager is now an integral part of Teknet, allowing customers to manage custom declaration and product pick-up via a single access point, irrespective/ independently of the mode of transport or the chosen carrier .

Pascal Llorca, General Manager at Psion Teklogix says,

“With FedEx’s technology, expertise and professionalism, we can offer our customers a cutting-edge repair service. The interface with Teknet, our customer extranet, is so attractive that it is often a clinching argument in negotiations with potential customers”.

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, go here.

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 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.