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FedEx Archives: 1999 Press Releases

( BW)(TN-FEDERAL-EXPRESS)(FDX) FedEx Pioneers International Air-Express Service in Shenzhen; First Dedicated Express-Handling Facility Opens in China

    Business Editors

    SHENZHEN, China--(BUSINESS WIRE)--Nov. 2, 1999--Federal Express Corp.(NYSE:FDX) (FedEx), the world's largest express transportation company, today launched an international air-express service to and from Shenzhen, China's largest export city. At the same time, FedEx also opened a dedicated express handling facility at the Huangtian International Airport in Shenzhen, the first of its kind in China
    "China is a very important market for FedEx," said Michael Ducker, FedEx executive vice president for International. "We are dedicated to developing this market and providing outstanding value to our customers by introducing world-class express transportation, advanced technology and unsurpassed customer service."
    Starting today, FedEx will operate five weekly flights to and from Shenzhen, using its own MD-11 and DC-10 aircraft. The new service connects Shenzhen to the United States via the FedEx gateway at Anchorage, and to destinations throughout Asia Pacific and beyond via the FedEx regional hub in Subic Bay, Philippines. With the addition of the Shenzen flight, FedEx is also expanding its flight schedule to Beijing and Shanghai from four to five times a week.
    The new dedicated FedEx express-handling facility at the Huangtian Airport is equipped with state-of-the-art industry hardware and software, helping FedEx to further improve its efficiency and provide the highest level of service to its customers in China. Capable of processing 1,500 packages per hour, the facility features a 24-hour, on-site customs clearing service and the highly-advanced Integrated Scanning, Inventory and Sorting System (IS2 System) for inbound package scanning and sorting.
    Exporters and importers in the Pearl Delta Region are set to benefit substantially from the new service which links southern China to over 209 economies worldwide via FedEx's integrated global network.
    Eddy Chan, FedEx regional vice president for the Mid Pacific, China and Taiwan, expressed FedEx's determination to help boost southern China's economy, particularly in Shenzhen and Guangdong province.
    "The government and the private sector are looking to the high-tech industry in this region to spearhead Shenzhen's economy," said Mr. Chan. "We believe our new service and facility will complement Shenzhen's infrastructure, and in turn, help promote the growth in the high-tech sector."
    FedEx currently serves more than 30 countries and territories in the Asia Pacific market with over 5,000 employees. The company provides the most extensive trans-Pacific air lift of any major competitor. Operating its own wide-bodied MD-11, DC-10 and A310 aircraft, FedEx offers over 260 flights per week to Bangkok, Beijing, Cebu, Hong Kong, Jakarta, Kaohsiung, Kuala Lumpur, Manila, Osaka, Penang, Seoul, Shanghai, Singapore, Subic Bay, Sydney, Taipei and Tokyo, as well as destinations in the United States.
    FedEx, a subsidiary of FDX Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3 million items to 209 countries each working day. FedEx employs more than 145,000 employees and has more than 44,400 drop-off locations, 634 aircraft and 42,500 vehicles in its integrated global network. The company maintains electronic connections with more than 1.7 million customers via FedEx Powership(R), FedEx Ship(R) and FedEx interNetShip(R). Federal Express reported revenues of US$14.0 billion for its fiscal year ended May 31, 1999.

     --30--DH/na*

     CONTACT:  Federal Express Corp.
               Jesse W. Bunn, 901/395-5642
               jbunn@fedex.com

     KEYWORD:  TENNESSEE
     INDUSTRY KEYWORD:  TRANSPORTATION AIRLINES E-COMMERCE