FedEx Expands Freight Forwarding Presence Globally

FedEx Trade Networks Opens Seven Locations in Asia and Latin America

FedEx Trade Networks, a subsidiary of FedEx Corp. (NYSE: FDX) and growing international ocean and air freight forwarder, today announced its expanded global presence with new freight forwarding offices in Asia and Latin America.

In Asia, the facilities are located in Singapore, Taiwan, and in Qingdao, Beijing, Guangzhou and Shenzhen, China. These new offices support the company’s international air freight forwarding operations and provide comprehensive coverage in key Asia-Pacific trade lanes. In Latin America, the company opened an air and ocean forwarding office in São Paulo, Brazil.

These openings support the company’s continuing global freight forwarding expansion plans, which include opening additional facilities and establishing alliances throughout Asia, Europe, the Middle East, Africa and Latin America.

"Global trade trends continue to point toward a demand for both air and ocean freight forwarding services" said G. Edmond Clark, president and CEO, FedEx Trade Networks. "Expanding the footprint of FedEx Trade Networks in critical growth markets will enable us to deliver a full-service transportation solution and better serve the global supply chain needs of our customers"

The expansion will result in numerous benefits for customers, including:

* Enhanced global freight forwarding services and end-to-end multimodal solutions;
* Direct access to local personnel with industry experience and local expertise to meet customer needs;
* Expanded regional access to services, including international direct distribution, and supply chain visibility, online FedEx trade tools such as WorldTariff®, and trade and customs advisory services; and
* Increased access to the FedEx global network and seamless support across other FedEx operating companies in markets.

"By enhancing our global forwarding capabilities and increasing our local market presence, we are providing an integrated and comprehensive solution for all our customers seeking to expand their business globally" said Fred Schardt, executive vice president and COO, FedEx Trade Networks. "Whether customers choose FedEx Trade Networks services as a complete package, or take advantage of individual services, we can deliver"

In 2008, FedEx Trade Networks opened flagship Asia air freight forwarding operations in Hong Kong and Shanghai.

About FedEx Trade Networks

FedEx Trade Networks has more than 100 years of experience in international trade. The company’s advanced technology and network of worldwide locations and alliances enables it to provide comprehensive customs brokerage, ocean and air international freight forwarding, global order logistics, distribution and surface transportation, trade advisory services, and advanced e-commerce and trade facilitation solutions. FedEx Trade Networks has the resources and support to help customers of all sizes navigate the intricacies of shipping goods globally. For more information, visit www.ftn.fedex.com.

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 $35 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 280,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.