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2002 Press Releases

March 18, 2002

FedEx Wins Top Honors at the Asian Freight Industry Awards 2002

HONG KONG, March 18, 2002 - FedEx Express (FedEx), the world's largest express transportation company, received four major awards at the 16th Asian Freight Industry Awards 2002, organized by Cargonews Asia at the Hilton Singapore on March 14. Mr. Clifton Chua, Managing Director for Singapore and Indonesia and Mr. Sanjay Gandhi, Managing Director, Planning and Engineering Director for South Pacific, accepted the awards for Best Air Cargo Carrier - North America, Best All Cargo Airline, Best Road Haulier (Trucking) - Asia and Best Total Logistics Operator.

"We would like to thank our customers who have rated us year after year as the best total logistics operator. Through the awards, our services have gained recognition as market leader in their fields," said Clifton Chua, Managing Director for Singapore and Indonesia.

The Asian Freight Industry Awards winners were chosen from nominations by 13,000 senior industry professionals throughout Asia to nominate the best companies in 37 categories denoting industry sector and the four major trading areas in the world, namely Asia, Europe, North America and the Middle East.

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. 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 3.3 million items to 211 countries each working day. FedEx employs approximately 143,500 employees and has more than 46,000 drop-off locations, 640 aircraft and more than 45,000 vehicles in its integrated global network.

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