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FedEx Expands Reach of FedEx International Economy Service in Asia

October 11, 2011

TAIPEI, October 11, 2011 FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has further strengthened its FedEx International Economy® (IE) and FedEx International Economy® Freight (IEF) services in Asia.  IE and IEF services will now be available from more points of origin inside Asia Pacific to more destinations inside the region and beyond.

IE and IEF offer a more economical, time-definite delivery service for less-urgent shipments with the same level of quality and reliability that FedEx prides itself on.  FedEx has now added Macau into the IE network as well as new lanes between Australia and New Zealand, and Asia and major African markets[1], Jordan and the Ukraine.  New IEF lanes now connect Australia and New Zealand and China and Costa Rica.

 “Asia Pacific remains a key driver of the global economy.  The region’s export growth rate is expected to be 7.6% in 2011 and 8.5% in 2012[2],” said David L. Cunningham Jr., president, FedEx Express Asia Pacific.  “FedEx aims to provide a comprehensive portfolio of services to cater for various customer needs.  Since the launch of IE and IEF services in Asia, we’ve been providing flexible shipping alternatives to our customers allowing them to connect to the world more efficiently and cost-effectively.”

The key features of IE and IEF services include:

·         Competitive rates

·         Delivery in two to five business days typically

·         24-hour shipment status tracking at and via e-mail

·         Customs clearance

·         Money-back guarantee[3]

Currently, FedEx offers IE and IEF services in 14 key markets in Asia: Australia, mainland China, Hong Kong, Indonesia, Japan, South Korea, Macau, Malaysia, New Zealand, Singapore, Taiwan, Thailand, The Philippines, and Vietnam.

[1] African markets include South Africa, Nigeria, Morocco, Ghana, Tunisia, and Mauritius.

[2] Asia-Pacific Trade and Investment Report 2011, The UN Economic and Social Commission for Asia and the Pacific (ESCAP), July 25, 2011

[3] Subject to relevant terms and conditions