FedEx named among top 100 “Best Places to Work” in Latin America for third year in a row

Miami, Fl - June 14, 2006 - FedEx Express has been named among the 100 Top Companies to work for by the Great Place to Work® Institute (GPTW) in Latin America for a third consecutive year. FedEx was a leader in the regional category, and achieved top spots in individual country rankings for Argentina , Brazil , Chile , Mexico and Uruguay . This latest FedEx achievement was recognized last week at an awards ceremony hosted by the GPTW Institute held in Sao Paulo .

Most recently, FedEx Mexico obtained first place in the 2006 GPTW ranking, bolstering FedEx legacy as one dedicated to excellence and support for its employees.

FedEx success in this arena is no surprise to those aware of the deeply embedded workplace philosophy instilled by its founder Fred Smith and the guiding principle of FedEx management strategy across the board: the People-First Philosophy. Part of this philosophy is the People-Service-Profit concept, expounding that if employees are well taken care of and thrive in their work environments, they will deliver outstanding service to customers, which in turn yields an increased profit for FedEx shareholders.

FedEx is a strong believer in showing appreciation and recognition for good work and extra effort. It customarily hands out various awards, such as the Humanitarian Award given to employees who promote human welfare above and beyond community responsibility, the Bravo Zulu Award that allows managers to award cash to employees when they have performed beyond what is expected, and other assorted awards and recognitions handed out throughout different divisions as part of the company’s focus on people.

The Great Place to Work® Institute, Inc. is a research and management consultancy based in the U.S. with International Affiliate offices throughout the world.Its ongoing research, measurement tools, and educational services have made them leaders in helping build high-trust workplaces. The Institute recognizes companies with outstanding human resources and workforce policies.