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FedEx Launches Direct Express Delivery Service Between Manchester, U.K., and United States

Service Increases Daily Capacity from U.K. to U.S. by 50%; Adds up to 20% Daily Capacity from Europe to United States

Manchester, U.K. - August 28, 2007 - FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, announced today the launch of a dedicated direct flight between Manchester, U.K., and the U.S.

FedEx will fly a wide-body MD-11 freighter daily, Monday through Thursday, between Manchester International Airport and Memphis, Tennessee, U.S.   The flight, originating at the FedEx European Hub in Paris, will increase FedEx daily capacity on the important U.K. - to - U.S. route by up to 50% and from Europe to the U.S. by up to 20%.

             “Manchester is the fastest-growing region in the U.K., which has led to increased market demand for reliable, time-definite express transportation services,” said Robert W. Elliott, president, FedEx Express, Europe, Middle East, Indian subcontinent and Africa.

             The new flight will be the third to serve the trans-Atlantic route from the U.K.  FedEx currently flies two express freighters from Stansted in the Southeast of England to the cities of Newark and Memphis in the U.S.   This new flight will extend next-day U.S. delivery coverage within the Manchester region.   Many will also benefit from later pick-up times for packages destined for the U.S.

             “This new trans-Atlantic flight and enhanced network connectivity enables FedEx to provide its U.K. customers with greater flexibility and convenience while significantly increasing our daily capacity to the U.S., the world’s largest market,” Elliott said.

             FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to every U.S. address and to more than 220 countries and territories.   FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, usually in one to two business days with the delivery time guaranteed.

About FedEx Corp.

             FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.   With annual revenues of $35 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 280,000 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 news.van.fedex.com.

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