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FedEx Express Announces new Corporate Regional Headquarters to be built in La Hulpe, Belgium

Brussels, Belgium - September 14, 2007 -

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, announced today its plans to build a regional headquarters for Europe, Middle East, Indian subcontinent and Africa in La Hulpe, Belgium. The building will be designed by Mr. André Jacqmain, a leading Belgian architect.

 

This announcement follows the decision by the Collège Municipal of La Hulpe to grant FedEx building and environmental permits to begin construction on the project. Robert W. Elliott, President of FedEx Express, Europe, Middle East, Indian subcontinent and Africasaid: “After a rather exhaustive search, we believe we have found the perfect location for our campus-like headquarters in La Hulpe. It is centrally located in Europe, allows us to retain our Belgian employees, has access to international and public transportation connections and has a commercially zoned site set in natural surroundings.   Additionally we have been operating in Belgiumfor 23 years, and I think it is a great place to do business.”

 

Continuing, Mr. Elliott added, “In construction of the building, we will be utilising the most advanced technology to ensure optimum energy savings and conservation. It has been specifically designed to respect and be in harmony with the environment.”

 

The move to La Hulpe will allow FedEx to consolidate its headquarters which are currently split between three sites in Belgium. It will facilitate communication among departments and improve overall efficiency as well as providing adequate office, meeting and training space. The planned relocation will involve about 600 personnel encompassing office staff and the company’s senior management. The company’s logistics operations personnel will remain in Antwerp, Ghent, Liège, and Melsbroek.

 

FedEx has been and will continue to work closely with the Walloon regional government and all relevant public authorities in the development of the facility. Commenting on FedEx decision to relocate to the Walloon region, Jean-Claude Marcourt, Minister of Economic Affairs, Employment, Trade and Patrimony for the Walloon region said, “We are pleased and honoured that FedEx chose the Walloon region   to locate its regional corporate headquarters.  Having such a world renowned and well respected brand as FedEx demonstrates once again that the Walloon region is attractive to international investment”.

 

A website has been created providing detailed information about the facility, it can be found at  www.fedexlahulpe.be

 

 

About FedEx Express

FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories.  FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

 

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 US$35 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brands.  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 http://news.fedex.com.

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