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May 22, 2003

FedEx Renews Operational Agreement With Rangel in Portugal

Rangel has been the official Global Service Participant in Portugal since 1999 and FedEx is extending their contract to 2010.

Lisbon, May 22nd. 2003 - FedEx Express, the largest international express transportation company, announced today that an operational agreement with its Portuguese Global Service Participant, Rangel, has been extended to May 2010. Rangel Expresso S.A has been the exclusive, authorized representative of FedEx in Portugal since 1999. Their excellent performance during this period ensured the extension of the contract with FedEx.

With the extension of the agreement, FedEx customers in Portugal will continue to benefit from the extensive ground infrastructure and excellent service of Rangel throughout Portugal.

Some of the benefits of the agreement are:

  • Increased FedEx brand awareness sustained by a dynamic a marketing strategy targeting the most diversified market segments of the Portuguese economy;
  • A co-branding program that will enhance FedEx visibility on Rangel Express fleet all over Portugal and shipping centers in Lisbon and Oporto.
  • Increased volume for the overall express business coming in and out of Portugal.

"FedEx customers shipping both to and from Portugal will continue to benefit from our ongoing relationship with Rangel, said Alain Chaillé, Vice-President Operations for Southern Europe. "The renewal of this contract reflects the strong cooperative relationship we have built based on mutual trust and an understanding of the Portuguese business market. We firmly believe that Rangel will help us to become the preferred international express carrier in the country."

FedEx Express

FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3.1 million items to over 210 countries each working day. FedEx Express employs approximately 138,000 employees and has more than 55,500 drop-off locations, 652 aircraft and more than 44,200 vehicles in its integrated global network.

Rangel Group

Constituted in 1980, the Rangel Group is today one of the most active and innovative organizations in the transport and logistic sector.

Founded and lead by Mr. Eduardo Rangel, the Group is made up of nine companies with an annual turnover of 50 million euros. There are 550 employees based at head office in Porto (Maia) and in branch offices in Aveiro, Covilhã, Barcelos, Guimarães, Póvoa do Lanhoso, Vila Nova de Famalicão, Valongo, Marinha Grande, Lisboa, Sines, Funchal, Ponta Delgada and Corunha.

The Rangel Group is supported by a team of experienced professionals and offers a range of products such as logistic operations, customs activity, international road transport "Eurocargo", inter-European and inter-continental air and sea transport, national transport and express transport.

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