FedEx Express Delivers Faster Freight Solutions In Latin America and the Caribbean

MIAMI, October 23, 2006—FedEx Express, the world’s largest express transportation company and a subsidiary of FedEx Corp. (NYSE: FDX), is broadening coverage for its FedEx International Priority® Freight service in Latin America and the Caribbean to include 13 new countries throughout the region.

Already available in 10 countries in Latin America and the Caribbean, FedEx International Priority Freight service will now also be offered to businesses in the Bahamas, Barbados, Belize, Costa Rica, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Trinidad and Tobago, Peru and Uruguay.

FedEx International Priority Freight service currently provides businesses in more than 80 countries with fast, reliable, time-definite pickups and deliveries, customs-clearance services and state-of-the-art freight tracking for shipments including individual pieces up to 1,000 kg (2,200 lbs) in weight—or more, with prior approval.

Businesses relying on the FedEx International Priority Freight service can count on a faster time-to-market, broader reach, reduced inventory costs, minimized delays and improved production cycles as their control over product deliveries increases.

FedEx International Priority Freight service provides customers with flexible, scheduled pickup and delivery options, including door-to-door, door-to-airport, airport-to-door and airport-to-airport deliveries in one to three business days, along with optional customs-clearing services, at no additional cost. Customers can also opt to use a broker of their choice to clear shipments with the International Broker Select® option. Additionally, all shipments are backed by the FedEx Money-Back Guarantee®.

“When customers ship heavy freight around the world they want reliability and access to information, allowing them to meet deadlines, manage budgets or track shipment status,” said Cliff Deeds, Managing Director of Marketing for FedEx Express, Latin America and Caribbean . “With FedEx International Priority Freight services now available in more than 20 countries in Latin America and the Caribbean , businesses across the region have fast access to the global marketplace with the same reliability for their heavyweight shipments as they have come to expect for their documents and smaller packages.”

FedEx International Priority Freight service can handle a wide variety of shipments, ranging from the typical to the unique and unusual. Some of the more noteworthy shipments include a 13-foot tiger shark used in filming the movie “Jaws,” a windmill from Denmark, an eight-ton statue of a war hero, and tour equipment for Michael Jackson and The Rolling Stones.

To benefit from FedEx International Priority Freight Service, customers must schedule deliveries in advance and are subject to a negotiable weight limit of 1,000 kg per package, along with packaging guidelines outlining the need for shrink-wrapped, banded, fork-liftable and stackable packages. Though individual pieces must weigh between 68 kg (150 lbs) and 1,000 kg (2,200 lbs), there is no limit on total shipment weight and regardless of content, FedEx delivers, both throughout the Latin America and Caribbean region and worldwide.

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 guarantee.

FedEx Express Latin America & Caribbean Division services more than 50 countries and territories throughout Latin America and the Caribbean and employs more than 3,300 people committed to total customer satisfaction each business day.