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2005 Press Releases

April 26, 2005

Peter Yin Named Vice President of North Pacific Region at FedEx

TAIWAN, April 26, 2005 - FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), the world's largest express transportation company, today announced that Peter P. Yin has been named Vice President of FedEx North Pacific, succeeding David J. Ross. Mr. Yin is responsible for planning, organizing and implementing all corporate strategies and operations in one of the company's most dynamic operating divisions, the North Pacific region. The region comprises Japan, Korea, Taiwan, Guam and Saipan

"At FedEx, we always look to the long term when building our senior leadership," said David L. Cunningham, Jr., President, Asia Pacific, FedEx Express. "This management change will enhance our processes of sharing best practices and growth strategies from around the entire region. Peter is committed to the future of this region and has the requisite skills, experience, leadership and dedication to accomplish the mission. An effective transition is expected that will allow FedEx to continue to provide service excellence to its customers across the region."

Mr. Yin joined the company's U.S. domestic operations in 1984 as senior marketing analyst. Four years later, he was promoted to marketing manager. In 1991, he was named managing director of market analysis. In 1992, he became managing director of market development, Asia Pacific, based in Hong Kong. He was promoted to vice president of Asia Pacific marketing, communications and customer service in 1993, and he further assumed the role of Vice President of operations in Hong Kong and Macau in 1999. Mr. Yin moved to Singapore in 2000 to become Vice President of FedEx South Pacific.

Mr. Yin is a graduate of the University of Minnesota, where he obtained a Ph.D. in Sociology. He also is a former assistant professor at Memphis State University.

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 $29 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 250,000 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 fedex.com.

About FedEx Express
FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the worldˇ¦s gross domestic product in one to three business days with door-to-door, customs-cleared service and a money-back guarantee. The companyˇ¦s unmatched air route authorities and infrastructure make it the worldˇ¦s largest express transportation company, providing fast, reliable and time-definite transportation of approximately 3.2 million packages to more than 220 countries and territories each working day. FedEx Express employs more than 138,000 employees and has over 50,000 drop-off locations, 671 aircraft and more than 41,000 motorized vehicles in its integrated global network.

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