Teamsters Withdraw Again

FedEx Freight, a subsidiary of FedEx Corp (NYSE: FDX), announced today that the Teamsters union has withdrawn another election petition, this time at the FedEx Freight service center in Pocono Summit, PA. The union would only take this action if it recognized that it would lose. This marks the fifth election in a row, and seven out of the last eight, where the union has either withdrawn the petition or lost the vote.

“We believe in our drivers and appreciate all they do for the company,” said Mike Ducker, incoming President and Chief Executive Officer, FedEx Freight. “We are pleased with the recent results and look forward to a bright future together.”

To date, FedEx Freight drivers have voted against the union in Louisville, KY, Delanco, NJ, and Newark, NJ. In addition, the union has withdrawn petitions before the scheduled elections in Middletown, PA, South Newark, NJ, Richmond, VA, Nashville, TN, and Pocono Summit, PA.

About FedEx Freight

With corporate offices in Memphis, Tenn., the FedEx Freight Segment includes FedEx Freight, a leading U.S. provider of LTL freight services; FedEx Freight Canada, an LTL operating company serving most points in Canada; and FedEx Custom Critical, North America's largest time-specific, critical shipment carrier. FedEx Freight also serves Mexico, Puerto Rico and the U.S. Virgin Islands. For more information, visit fedex.com.

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 $46 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.

FedEx FreightMedia Relations:Michele Ehrhart, 901-434-3122

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