FedEx Corp. Names Logue New President for FedEx Freight

Logue will succeed Douglas G. Duncan, president and chief executive officer of FedEx Freight Corp., who is retiring effective Feb. 28, 2010. To facilitate a smooth transition, Logue will serve as president of FedEx Freight beginning December 1, 2009, and will assume the CEO role upon Duncan's retirement. A seasoned leader, Logue joined FedEx Express in 1989 through the Flying Tiger acquisition. In his current role at FedEx Express, Logue serves as executive vice president, chief operating officer, FedEx Express-United States, where he is responsible for FedEx Express Air Operations, Air Ground and Freight Services, Central Support Services and Domestic Ground Operations Divisions.

In his new position, Logue will be responsible for the leadership and strategic direction of the FedEx Freight Segment, which includes FedEx Freight, FedEx National LTL and FedEx Custom Critical.

"Bill's demonstrated ability to lead complex organizations and his in-depth transport operations experience make him an excellent choice as the new president and CEO of the FedEx Freight Segment," said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. "I want to recognize Doug Duncan for his many contributions in helping FedEx build our excellent LTL services. These capabilities have strengthened the FedEx portfolio and I am confident that Bill's leadership will further enhance our performance in this key market."

About FedEx Freight

Within FedEx Corp., the FedEx Freight Segment had annual revenues of $4.4 billion in fiscal year 2009. With corporate offices in Memphis, Tenn., the Segment includes FedEx Freight, a leading U.S. provider of regional LTL freight services; FedEx National LTL, a leading U.S. provider of long-haul LTL 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. For more information, visit the FedEx web site, www.fedex.com.

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $34 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 275,000 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 Freight
Debra Phillips, 901.434.3122
debra.phillips@fedex.com