FedEx Launches Domestic Service in Mexico

FedEx Express Nacional Extends Portfolio of Services and
Introduces World Class Express Shipping across Mexico
MEMPHIS, Tenn.--(Business Wire)--
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the
world's largest express transportation company, announced today the
introduction of FedEx Express Nacional, a domestic next-business-day
service that provides highly reliable, convenient and quality express
shipping solutions across Mexico. This follows the Company's domestic
service launches in China, India and the UK, and is the first FedEx
domestic service offering in Latin America.

"We are responding to an opportunity in the market for a domestic
service in Mexico, delivering the same high-quality service,
reliability and unparalleled transportation expertise FedEx provides
in 220 countries and territories around the world," said Juan N.
Cento, president of FedEx Express, Latin America and Caribbean
Division. "Adding domestic service to our broad portfolio of
international products increases our ability to further facilitate
commerce for customers doing business in Mexico, demonstrating our
continued commitment to the market and our confidence in its future
growth."

FedEx Express Nacional begins operations on Oct. 6, 2008. The
service features delivery to any address in Mexico, online tracking
and tracing, and is backed by the FedEx money-back guarantee(a). It
includes:

-- FedEx Express Nacional 10:30 AM (FedEx Priority Overnight(R)
): Next-business-day delivery in Mexico for documents and
parcels weighing up to 68 kg, by 10:30 a.m.

-- FedEx Express Nacional Dia Siguiente (FedEx Standard
Overnight(R) ): Next-business-day delivery by the end of the
business day. Also for packages weighing up to 68 kg.

(a) Conditions apply

As part of the broad FedEx portfolio of shipping solutions, FedEx
Express Nacional offers customers in Mexico the convenience of working
with a single provider for both their domestic and international
shipping needs. This service expansion builds on the success of FedEx
domestic service offerings in key markets such as China, India and the
UK.

"Mexico continues to be one of the fastest-growing markets in the
express industry and a key part of FedEx international growth and
profitability," said Michael L. Ducker, president International, FedEx
Express. "Our established presence in Mexico throughout the past 17
years has provided Mexican businesses with unmatched access to the
global economy. Now, with FedEx Express Nacional, customers also have
world class domestic express solutions to reliably ship within the
country's 32 states."

FedEx Express Nacional will initially create more than 180 jobs in
operations, planning, engineering, sales and customer service, adding
to the 1,000 currently employed at FedEx Express Mexico. The
operational hubs for FedEx Express Nacional will be located in Toluca
and in San Luis Potosi.

FedEx Express Nacional services will be available at all existing
FedEx facilities in Mexico beginning Oct. 6, 2008, as well as through
its network of FedEx Authorized ShipCenters(R) across the country. For
more information about FedEx Express Nacional, contact FedEx Customer
Service at 5228-9904 (from within Mexico) or visit
http://fedex.com/mx.

About FedEx Express

FedEx Express is the world's largest express transportation
company, providing fast and reliable delivery 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.

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
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
www.news.fedex.com.

FedEx International Media Relations
Janella Loaiza, 901-434-7763
Janella.loaiza@fedex.com

Copyright Business Wire 2008