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August 14, 2000

FedEx Invests in New Fleet of Mercedes Benz Vehicles in Singapore

SINGAPORE, August 14, 2000 - Federal Express (FedEx), the world's largest express transportation company, has invested in a new fleet of fifteen Mercedes Benz walk-through vans as part of efforts to enhance its services to local customers. FedEx is the first in the industry to purchase the MB313 models, which will be used for FedEx's pickup and delivery operations around Singapore.

Receiving the delivery of the vans recently, Mr. Peter Yin, FedEx's Regional Vice President, South Pacific said, "This additional fleet of vans will enable us to provide customers with more efficient services. In addition to being able to accommodate the increasing demand for our services around the island, we will also be able to carry heavyweights more reliably," said Mr. Yin.

"We expect to see higher productivity among our couriers and greater efficiency of work processes with these vans. The size of the vans allow a courier to stand upright in the van, which means that the courier will be able to carry heavyweights and other packages easily, without risking injuring their backs. The vans are also fitted with shelves to facilitate better organization of shipments."

FedEx has signed a worldwide contract with Mercedes Benz to provide these vans to its worldwide offices. In Singapore, 70 percent of FedEx's fleet will eventually be replaced with the new Mercedes Benz vans.

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