FedEx Express to Establish New Singapore Regional Hub

SHANGHAI, May 5, 2011 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is building a new FedEx Singapore Regional Hub within the Air Cargo Express (ACE) Hub at Singapore Changi Airport . The facility will enhance FedEx customers’ access to global markets and support Singapore ’s aim to be a leading air cargo hub in the region.

The 282,700-square-foot integrated FedEx operating facility is the second largest operation facility in the Asia Pacific region (after the Asia Pacific hub located in Guangzhou , southern China ). Slated for completion in the second half of 2012, the FedEx Singapore Regional Hub will integrate delivery, pick-up and air operations under one roof.

“The GDP of the ASEAN-5 economies is projected to expand by 5.5% and 5.75% in 2011 and 2012 respectively[1]. FedEx has already established a significant presence in Southeast Asia . With this new regional hub in Singapore , FedEx will further enhance our ability to offer customers unparalleled connectivity and enhanced services,” said David L. Cunningham Jr., president, Asia Pacific, FedEx Express.

The FedEx Singapore Regional Hub is strategically located within Changi Airport ’s free trade zone and beside the Airport Logistics Park of Singapore. It will boast a five-belt sort system with capacity to sort up to 9,000 packages per hour and house over 250 delivery vans. It will also include airside infrastructure such as two new aircraft parking bays as well as a special on-site facilitation by the Immigration and Checkpoints Authority and Singapore Customs for efficient cargo clearance. The facility will complement the operations at FedEx Asia Pacific hub, which remains the center point of the FedEx AsiaOne® network connecting the region.

About FedEx Express

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to every U.S. address and to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guara^[2].

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $38 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 290,000 team members 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 news.fedex.com

[1] World Economic Outlook, International Monetary Fund, April 2011

[2] Subject to relevant terms and conditions