Online Shopping Boosts FedEx Holiday Volume

FOR IMMEDIATE RELEASE

Online Shopping Boosts FedEx Holiday Volume

Asia Pacific Region Gears Up for Busiest Day in FedEx History

SYDNEY, October 29, 2013–FedEx Corp. (NYSE: FDX) expects to see its busiest day in company history when it moves more than 22 million shipments around the world on December 2.

During the busiest week of the year, December 1 – 7, FedEx expects more than 85 million shipments to move through its global networks.  This is a 13 percent increase compared to last year’s busiest week. 

“In addition to e-commerce, retail inventory such as personal consumer electronics, apparel and luxury goods will drive the increase in FedEx holiday volumes and the Asia Pacific region plays an important role in the production of these goods[1],” said David L. Cunningham, Jr., president, Asia Pacific, FedEx Express.  “With the strength of our global network and our Asian operations, both small and large businesses will benefit from our connectivity within the region—as well as with Europe and North America – to ensure a successful holiday season for their customers.”

E-commerce is thriving globally at three to four times the rate of traditional retail buying in brick and mortar stores, and the Asia Pacific region is at the forefront with sales expected to grow 23%, accounting for nearly one-third of all e-commerce sales around the globe and outpacing the rest of the world[2].  With more than 18,000 committed FedEx team members across Asia Pacific and an extensive suite of shipping and delivery solutions, FedEx is poised to help customers take advantage of the continued boom in online purchasing.

FedEx expects to increase its global workforce with tens of thousands of seasonal positions to help handle the surge in holiday shipments. 

The impact of the expected higher volumes was included in the company’s earnings guidance issued in September. 

FedEx Volume Over the Years

FedEx has experienced steady growth in holiday volumes over the years.  A breakdown of the busiest days since 2007 follows:

• ·        Dec. 17, 2007 – 11.5 million shipments

• ·        Dec. 15, 2008 –  12 million shipments

• ·        Dec. 14, 2009 – 14.2 million shipments

• ·        Dec. 13, 2010 – 15.6 million shipments

• ·        Dec. 12, 2011 –17.2 million shipments

• ·        Dec. 10, 2012 –19.9 million shipments

About FedEx Express

FedEx Express is one of the world's largest express transportation companies, providing fast and reliable delivery to more than 220 countries and territories.  FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee[3].

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 $45 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 300,000 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 news.fedex.com.

Certain statements in this press release may be considered “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to future events and financial performance.  These forward-looking statements involve risks and uncertainties.  Actual results may differ materially from those contemplated (expressed or implied) by such forward-looking statements, because of, among other things, economic conditions in the global markets in which we operate, the impact of any international conflicts or terrorist activities, disruptions to the Internet or our technology infrastructure, the impact of changes in fuel prices and foreign currency exchange rates and adverse weather conditions or natural disasters, as well as the other risks and uncertainties you can find in FedEx’s and its subsidiaries’ press releases and SEC filings, including the risk factors in FedEx’s most recent annual report on Form 10-K, as updated by FedEx’s quarterly reports on Form 10-Q. 

[1] Deloitte 2013 Global Manufacturing Competitiveness Index

[2] “B2C Ecommerce Climbs Worldwide, as Emerging Markets Drive Sales Higher”, eMarketer, 27 Jun 2013

[3] Subject to relevant terms and conditions

ENDS

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