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Press Releases
Vote Affirms Commitment to Customer Service
HONG KONG, February 5, 1999 - Federal Express Corp. (FedEx) and the FedEx Pilots Association (FPA) announced today that the union's membership has ratified a five-year collective bargaining agreement that takes effect on May 31, 1999, bringing the negotiating process to a successful conclusion.
"The vote affirms out pilots' commitment to serving our customers," said Ted Weise, president and chief executive officer of FedEx. "This contract keeps our pilots' compensation package competitive with peers at other major airlines, and it recognizes the vital contributions they provide in maintaining FedEx's leadership position in our industry."
Federal Express, a subsidiary of FDX Corp., connects areas that generate 90 percent of the world's gross domestic product in 24 to 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 million items to 211 countries each working day. FedEx employs more than 145,000 employees, 44,400 drop-off locations, 624 aircraft and 42,800 vehicles in its integrated global network. The company maintains electronic connections with more than a million customers via FedEx PowerShip®, FedEx Ship®, and FedEx interNetShip®. Federal Express reported revenues of US$13.3 billion for its fiscal year ended May 31, 1998.
FDX Corp., a US$16 billion holding company, provides comprehensive transportation, logistics and supply chain management solutions on a worldwide scale. FDX Corp.'s primary operating subsidiaries are Federal Express Corp., the world's largest express transportation company; RPS Inc., a business-to-business ground package carrier; Roberts Express Inc., a critical-shipment carrier; Viking Freight Inc., a less-than-truckload carrier operating principally in the western United States; and FDX Global Logistics, a contract logistics provider.
* Certain restrictions apply
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