FedEx Readies for the Holiday Season

50 Million Packages to Move Through FedEx Network During Busiest Week

MISSISSAUGA, ON, Nov. 12 /CNW/ - FedEx Corp. expects to move more than 50 million packages through the global FedEx Express, FedEx Ground and FedEx Freight networks during the week of December 14, 2009 , its busiest week of the year. On December 14 alone, FedEx expects to process over 13 million shipments. FedEx shipped over 12 million packages on last year's busiest day of December 15, 2008 . On average, more than 7.5 million packages move through the FedEx systems daily.

"Our 5,000 Canadian team members work tirelessly to make every FedEx experience outstanding," said David Binks , president of Federal Express Canada Ltd. ("FedEx Express Canada "). "As FedEx delivers the holidays, we provide our customers with the reliability of our unmatched global networks. Canadian businesses and consumers benefit from our full portfolio of services, from small package shipping to customs brokerage to freight. FedEx does more than you think."

The FedEx family of companies is gearing up to deliver for millions of FedEx customers during the holiday season. From the overnight promise of FedEx Express, the cost-saving options of FedEx Ground, the Pack & Ship solutions from FedEx Office and more, customers can count on FedEx to deliver the holidays.

FedEx . . . Connecting the Globe during the Holidays and Beyond

According to the International Monetary Fund, global GDP growth will reach three percent in 2010, largely driven by China and India . FedEx is building out its global network with new service offerings, facility openings and domestic service which will allow Canadian exporters to reach global markets within three days.

FedEx is well-positioned for future growth in the more than 220 countries and territories where the company operates. Recent enhancements to the Canadian and global networks include:

    
    -  This past summer, FedEx Express Canada expanded its international
       shipping portfolio to provide FedEx International Economy(R) service,
       offering economical alternatives for less urgent shipments with the
       same quality and reliability for which FedEx is well known.
    -  FedEx Ground International customers can now enjoy faster service as
       the company reduced transit times in over 3,200 Canadian and U.S.
       cross border lanes.
    -  In mid-October, FedEx Express announced it completed the expansion of
       its European hub at Charles de Gaulle in Paris, France and the
       expansion of its bonded warehouse at Guadalajara International Airport
       in Jalisco, Mexico.
    -  FedEx Express accepted delivery of its first Boeing 777 Freighter,
       offering greater payload capacity and range and using 18% less fuel.
    -  FedEx Express began operation at its new Asia Pacific hub located in
       Guangzhou, China in February.
    -  FedEx Trade Networks has opened 14 new, international freight
       forwarding locations so far this year. Locations in Asia, Europe and
       Latin America, allow FedEx to deliver more comprehensive global supply
       chain solutions to customers.
    -  Recently, FedEx Express further enhanced its overnight services
       between Asia and Europe with the introduction of a new next-business-
       day service connecting mainland China, Hong Kong and Singapore with
       France and Germany.
    -  In the last year, FedEx Express began operations of a domestic next-
       business-day service in Mexico. This followed the company's successful
       domestic service launches in China, India and the UK.
    

About FedEx Express Canada

Federal Express Canada Ltd. is a global logistics and transportation company offering domestic and international shipping and electronic commerce solutions. The company uses advanced package status tracking systems, automated customs clearance services and a dedicated air and ground transportation network to serve Canadian and global markets. FedEx Express Canada employs approximately 5,000 people in over 60 facilities coast-to-coast. For more information, visit www.fedex.ca

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 $38 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 290,000 team members 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 www.fedex.com.

For further information: Ivan Ivanovitch, Ketchum Toronto, [phone], [email protected]