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FedEx Archives: 2000 Press Releases

( BW)(TN-FEDEX)(FDX) FedEx Express Adjusts Rates for Domestic and International Services; FedEx Express to Issue Rate Increase

    Business Editors

    MEMPHIS, Tenn.--(BUSINESS WIRE)--Dec. 27, 2000--FedEx Corp. (NYSE:FDX) announced today that its subsidiary Federal Express Corporation ("FedEx Express") will increase list rates an average of 4.9 percent for shipments within the United States effective February 1, 2001. US export shipments generally will receive an average list rate increase of 2.9 percent. FedEx Express last adjusted rates in 1999.
    "The value that FedEx provides in streamlining customer's supply chains, with speed and information replacing working capital and inventory, is increasingly important in today's economic environment," said T. Michael Glenn, FedEx executive vice president of market development and corporate communications. "This rate adjustment ensures that FedEx Express will continue to provide the outstanding service and value, backed by the user-friendly technology, that customers expect from FedEx."
    Customers can download their rates from the password-secure FedEx Customized Rate Guide Web site. This site allows customers to download rate files or receive customized rate quotes by using a personalized RateFinder application. It also allows customers to select rates to download for specific US and international express services.
    With annual revenues of $19 billion, FedEx Corp. is the premier global provider of transportation, logistics, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Logistics, an integrated logistics, technology and transportation-solution company; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions. More than 2.5 million customers are connected electronically through the FedEx information network and approximately two-thirds of its U.S. domestic transactions are now handled on-line.

    NOTE TO EDITORS: FedEx press releases are available on the World Wide Web at http://www.fedex.com.

    --30--JMP/na*

    CONTACT: FedEx, Memphis
             Jesse W. Bunn, 901/434-7769
             jwbunn@fedex.com
             or
             Carla A. Boyd, 901/299-9722
             caboyd@fedex.com

    KEYWORD: TENNESSEE
    INDUSTRY KEYWORD: AIRLINES TRANSPORTATION E-COMMERCE