Fuel Surcharge Limit Extension

On Sept. 6, 2005, FedEx Freight implemented a 30-day moratorium on increases to its standard fuel surcharge, determining it would not exceed pre-Katrina levels. As a result of Hurricane Rita, FedEx Freight has extended the moratorium on increases to its standard fuel surcharge until Oct. 31, 2005. FedEx Freight utilizes a fuel surcharge, which is updated weekly, based on fuel prices published by the U.S. Department of Energy. For more information, please visit the Fuel Surcharge page on the FedEx Freight site.

About FedEx Freight

Within FedEx Corp., the FedEx Freight Segment had annual revenues of $3.2 billion in fiscal year 2005. The Segment includes FedEx Freight, a leading U.S. provider of regional next-day and second-day and interregional LTL freight services. With corporate offices in Memphis , Tenn. , FedEx Freight is known for exceptional service, reliability and on-time performance. Through a comprehensive network of service centers and advanced information systems, FedEx Freight provides service to virtually all U.S. ZIP codes, including Alaska and Hawaii . The carrier’s regional and interregional LTL service is supported by a no-fee money-back guarantee on all eligible continental U.S. shipments. Internationally, the company serves Canada , Mexico , Puerto Rico, Central and South America, the Caribbean, Europe and Asia . FedEx Freight maintains more than 330 service centers throughout North America . The FedEx Freight Segment also includes FedEx Custom Critical, North America’s largest time-specific, critical shipment carrier; and Caribbean Transportation Services, the leading provider of airfreight forwarding services between the United States and Puerto Rico . For more information, visit the FedEx web site, fedex.com.

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 $29 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, visit fedex.com.