FedEx Custom Critical Launches New Time-Definite Service
Expedited Product Portfolio Enhanced with Addition of Surface Expedite Network

AKRON, Ohio, March 29, 2006 – FedEx Custom Critical, Inc., a subsidiary of FedEx Corp. (NYSE: FDX), introduces a new, time-definite service that provides users with additional delivery options and cost savings for their expedited freight shipments. The new service, FedEx Custom Critical Surface Expedite Network^SM, utilizes the expedited transportation know-how of FedEx Custom Critical and the operations of FedEx Freight to accelerate shipments through the FedEx Freight network. 

Surface Expedite Network enables customers to choose the hour by which the freight will be delivered (such as by 11 a.m.) or a one-hour delivery window (for example, between 10 and 11 a.m.). The freight receives priority loading and treatment throughout the FedEx Freight system.

FedEx Custom Critical brings the same customer service experience to Surface Expedite Network that it has provided on its other surface and air services for more than 25 years, including proactive customer notification of pickup and delivery. The company also has the capability to recover a shipment that is already in transit and shift the freight to another expedited FedEx solution to meet a changing delivery time.

“This new solution will help our customers expedite their freight and reduce their transportation costs,” said Virginia Albanese, vice president of service for FedEx Custom Critical. “Accelerating shipments through scheduled networks is typically more cost-effective than utilizing an entire truck or aircraft. The combination of the on-time performance of FedEx Freight and the customer service expertise of FedEx Custom Critical is a unique opportunity to utilize the strengths of both companies to benefit our customers.”

In addition to this new service offering, FedEx Custom Critical has renamed its core services to better describe its service options. The new names are as follows: 

Exclusive-use services

• FedEx Custom Critical Surface Expedite Exclusive Use^SM
  Formerly Surface Expedite® (exclusive-use vehicles)
• FedEx Custom Critical Air Expedite Exclusive Use^SM
  Formerly CharterAir® (arrangement of exclusive-use, charter aircraft) 

Network services

• FedEx Custom Critical Air Expedite Network^SM
  Formerly Point-to-Point (time-specific, premium airfreight)
• FedEx Custom Critical Surface Expedite Network^SM

About FedEx Custom Critical
FedEx Custom Critical provides expedited shipment services throughout North America and internationally. Among its divisions are Surface Expedite, for exclusive-use shipping and time-definite services; Air Expedite, for an array of expedited air solutions to meet customers’ critical delivery times; and White Glove Services, for shipments that require extra care in handling, temperature control or specialized security. FedEx Custom Critical is an operating subsidiary of FedEx Corp.

About FedEx Freight 
Within FedEx Corp., the FedEx Freight Segment had annual revenues of $3.2 billion in fiscal year 2005. The Segment includes FedEx Freight, a leading U.S. provider of regional next-day and second-day and interregional LTL freight services. With corporate offices in Memphis, Tenn., FedEx Freight is known for exceptional service, reliability and on-time performance. Through a comprehensive network of service centers and advanced information systems, FedEx Freight provides service to virtually all U.S. ZIP codes, including Alaska and Hawaii. The carrier's regional and interregional LTL service is supported by a no-fee money-back guarantee on all eligible continental U.S. shipments. Internationally, the company serves Canada, Mexico, Puerto Rico, Central and South America, the Caribbean, Europe and Asia. FedEx Freight maintains more than 330 service centers throughout North America. The FedEx Freight Segment also includes FedEx Custom Critical, North America's largest time-specific, critical shipment carrier; and Caribbean Transportation Services, the leading provider of airfreight forwarding services between the United States and Puerto Rico. For more information, visit the FedEx web site, fedex.com.

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 $32 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 260,000 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.

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