About FedEx

FedEx Archives: 1998 Press Releases

( BW)(FDX)(FDX) FDX Comfortable With First Call Consensus

    Business Editors

    MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 20, 1998--In response to inquiries, FDX Corporation said today that it is comfortable with the First Call consensus earnings estimate of $0.96 per share for its first quarter ending August 31, 1998. Earnings in last year's first quarter were $0.86 per share excluding the effect of the UPS strike of approximately $0.25 per share. The Company's expansion plans for Asia have been on hold pending resolution of the Asian economic difficulties. FDX Corporation will report its first quarter earnings during the week of September 21, 1998.
    FDX Corp., a $16 billion holding company, provides comprehensive transportation, logistics and supply chain management solutions. FDX Corp. operating subsidiaries are Federal Express Corp., the world's largest express transportation company; RPS, Inc., business-to-business ground small-package carrier; Roberts Express, Inc., a critical-shipment carrier; Viking Freight, Inc., a less-than-truckload carrier operating principally in the western U.S., Caliber Logistics, Inc., a contract logistics provider; and Caliber Technology, Inc., a supplier of information services.

     --30--md/na*

     CONTACT:  FDX Corp., Memphis
               Media Contact:  Shirlee Clark, 901/395-3463
               or
               Investor Contact:  Elizabeth Allen, 901/395-3653
               Worldwide Web Home Page:  www.fdxcorp.com

     KEYWORD:  TENNESSEE
     INDUSTRY KEYWORD:  TRANSPORTATION TRAVEL/AIRLINES