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FedEx Archives: 1998 Press Releases

( BW)(FDX-CORP)(FDX) FDX Corporation Makes Announcement

    Business Editors

    MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 15, 1998--FDX Corp. (NYSE:FDX) today announced that Joseph C. McCarty has been promoted to the position of Chief Executive Officer of the company's Caliber Logistics Inc. subsidiary which will become part of a new organization to be named FDX Global Logistics. McCarty will also become CEO of the new organization.
    McCarty is currently the Chief Administrative Officer of FDX Corp. Previously he has served as President of both the Latin American and Asia Pacific divisions of Federal Express Corp. Thomas I. Escott, President of Caliber Logistics Inc., will become President of the North American operation of the logistics company.
    Frederick W. Smith, Chairman and CEO of FDX Corp., said, "Joe McCarty is a valuable executive who has served the FDX organization well, and we are looking forward to utilizing his strategic and leadership abilities in building our global logistics enterprise."
    Caliber Logistics Inc., headquartered in Hudson, Ohio, designs, implements and manages integrated logistics solutions for customers in targeted industries. A subsidiary of FDX Corp. and a recognized leader in the contract logistics marketplace, the company offers domestic and international transportation management, just-in-time logistics programs, contract warehousing, dedicated transportation services and finished goods distribution.
    FDX Corp., a $16 billion holding company, provides comprehensive transportation, logistics, and supply chain management solutions on a worldwide scale. FDX Corp's primary operating subsidiaries are Federal Express Corp., the world's largest express transportation company; RPS Inc., a business-to-business ground package carrier; Roberts Express Inc., a critical-shipment carrier; Viking Freight Inc., a less-than-truckload carrier operating principally in the western United States; and Caliber Logistics Inc.
    FDX press releases are available on the World Wide Web at www.fdxcorp.com

     --30--LB/na*

     CONTACT:  FDX Corp., Memphis
               Shirlee M. Clark, 901/395-3463

     KEYWORD:  TENNESSEE OHIO
     INDUSTRY KEYWORD:  TRANSPORTATION TRAVEL/AIRLINES MANAGEMENT
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