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Press Releases
Addresses "Speed, Reliability, Technology and Teamwork" to increase presence in the Japanese market
TOKYO, October 27, 1998—Federal Express Corporation (FedEx), the world's largest express transportation company, participates in this weekend's Formula 1 race at Suzuka Circuit in Mie as one of the major sponsors of Benetton Formula 1. FedEx has been sponsoring Benetton Formula 1 since the summer in 1997 as part of its global branding program.
"The ingredients required to be a successful Formula 1 team are speed, reliability, innovative technology and outstanding teamwork," said David J. Ross, Vice President of the North Pacific Region at FedEx. "That same set of skills has enabled FedEx to lead the world's express transportation industry. Our alliance with Formula 1 racing and the Benetton team is a perfect fit."
"The sponsorship of the Japan round in two consecutive years clearly represents our commitment to the Japanese market. Formula 1 is a highly effective vehicle to deliver messages to broader audiences, and so we're looking forward to seeing our logo in Suzuka," added Mr. Ross.
After 15 races this year, Benetton Formula 1 ranks fourth in the constructor's championship, with Alexander Wurz ranking seventh and Giancarlo Fisichella eighth in the driver's championship.
FedEx currently serves more than 30 countries and territories in the Asia Pacific market with approximately 5,000 employees. The company provides the most extensive trans-Pacific airlift of any major competitor. Operating its own wide-bodied MD-11, DC-10 and A310 aircraft, FedEx offers over 260 flights per week to the following locations: Bangkok, Beijing, Cebu, Hong Kong, Jakarta, Kaohsiung, Kuala Lumpur, Manila, Osaka, Penang, Seoul, Shanghai, Singapore, Subic Bay, Sydney, Taipei and Tokyo, as well as destinations in the U.S.
Federal Express 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 with 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 in 211 countries each working day. FedEx has more than 142,000 employees, 44,700 drop-off locations, 615 aircraft and 40,900 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.
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