Frederick Hired as Director of Operations, FedEx Custom Critical
Former FedEx Freight Manager Returns to Ohio as New Director

AKRON, Ohio, Aug. 28, 2007 – FedEx Custom Critical, a subsidiary of FedEx Corp. (NYSE: FDX), announced that Jason Frederick has been hired as the director of Operations.

Frederick will oversee all divisions of operations, managing a team of more than 300 employees.

"I look forward to experiencing the excellent environment and culture created by the FedEx Custom Critical team," Frederick said. "The key is to maintain our focus on providing solutions to customers with a one-stop-shop mentality to solve every possible shipping need."

A native of the Akron area, Frederick brings 15 years of experience in operations to FedEx Custom Critical, the past 10 with FedEx Freight. He is relocating from Atlanta, where he served as a FedEx Freight service center manager since 2002. Frederick worked as a FedEx Freight service center manager in Youngstown before relocating to Atlanta.

Prior to his tenure at FedEx Freight, Frederick worked in operations at American Freightways in Akron. Frederick spent four years at Roadway Express as an operations supervisor and sales representative prior to his position at American Freightways.

"With his extensive operational background and solid grasp on the transportation industry, I am confident Jason will help advance our competitive position in the marketplace," said Virginia Albanese, CEO, FedEx Custom Critical.

About FedEx Custom Critical
FedEx Custom Critical provides expedited shipment solutions 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.

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 $35 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 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 news.van.fedex.com.

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