FedEx Express Announces Later Cutoff Time for U.S. Shipments from Taiwan

  FedEx Express Announces Later Cutoff Time for U.S. Shipments from Taiwan

                  Customers Benefit From Direct 777F Service

Business Wire

MEMPHIS, Tenn. -- November 08, 2012

In order to support the needs of its customers, from major electronics firms
to small and medium-size businesses, FedEx Express, a subsidiary of FedEx
Corp. (NYSE: FDX), is extending cutoff times by two hours for outbound
shipments from Taiwan to the U.S.

“By extending the cutoff time to 7 p.m. in major cities and industrial zones
throughout Taiwan, we’re providing our customers more time to prepare and
manage their exports and supply chains,” said Raj Subramaniam, senior vice
president, Global Marketing, FedEx Services. “With the new direct 777F
service, FedEx customers will benefit from the later cutoff time for both
FedEx International Priority ® (IP) and deferred International Economy ® (IE)
shipments.”

The new non-stop 777 will depart Taipei to the FedEx World Hub in Memphis five
days a week, offering the later cutoff time for all shipments to U.S. non-west
coast destinations Monday to Friday.

The U.S. has remained one of Taiwan’s top three business partners for the past
five years^1. Last year, bilateral trade between the U.S. and Taiwan reached
US$67 billion^2 with Taiwan’s year-on-year exports to the U.S. growing by
15.6%^3.

FedEx continues to demonstrate a commitment to environmental sustainability by
using fuel-efficient aircraft with lower carbon emissions. The 777F aircraft
engine technology reduces fuel consumption by 18 percent per pound carried and
delivers environmental benefits by producing 18% less CO2 emissions per pound
carried. Investing in 777Fs contributes to the company’s commitment to reduce
its CO2 aircraft emissions by 30% by 2020^4.

FedEx now operates eight 777F routes connecting Asia Pacific to the U.S. and
Europe^5 in addition to this new routing from Taiwan.

About FedEx Express

FedEx Express is the world's largest express transportation company, providing
fast and reliable delivery to every U.S. address and more than 220 countries
and territories. FedEx Express uses a global air-and-ground network to speed
delivery of time-sensitive shipments, usually in one to two business days,
backed by a money-back guarantee^6.

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 $43 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.

^1 Directorate General of Customes, Ministry of Finance
http://www.customs.gov.tw/StatisticWeb
^2 http://www.ustaiwanconnect.org/US-Taiwan-Relations/Trade
^3 http://www.taitra.com.tw/about_01.asp
^4 http://about.van.fedex.com/environment-efficiency-metrics#2
^5 FedEx operates direct 777F services from the following destinations to the
U.S.: Hong Kong, Shanghai, Shenzhen, Japan and Taiwan; and from Hong Kong,
Shanghai and Guangzhou to Europe.
^6 Subject to relevant terms and conditions

Contact:

In the U.S., please contact:
FedEx International Communications
Sharon Young, 901-434-8490
Mobile: 901-871-2919
sharon.young@fedex.com
 
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