Online Shopping Boosts FedEx Holiday Volume

MISSISSAUGA, ONTARIO--(Marketwired - Oct. 23, 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. The 11 percent year-over-year increase will be driven primarily by on-line retailers.

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. Retail inventory such as personal consumer electronics, apparel, and luxury goods will drive this increase in FedEx holiday volumes.

"Consumers, both in Canada and around the world, are turning to e-commerce solutions for their holiday shopping unlike ever before," said Lisa Lisson, president of FedEx Express Canada. "FedEx Express Canada's employees are ready and eager to help deliver another successful and stress-free holiday shopping season for Canadians."

E-commerce is thriving globally at three to four times the rate of traditional retail buying in brick-and-mortar stores. FedEx is prepared for this continued boom in online purchasing with a broad suite of shipping solutions designed for customer convenience, especially during the holidays, including:

• FedEx Priority Overnight® and FedEx First Overnight®, offering next business day morning delivery to most metropolitan areas of Canada, right up to December 24^th.

• FedEx International Priority® and FedEx International First®, with morning next business day delivery to select cities in the USA, second day morning delivery to most cities in Europe and Latin America, and third day morning delivery to most cities in Asia.

• FedEx Express delivery on Saturdays to most major cities in Canada and to select international points.

• FedEx Hold at Location through FedEx Express and FedEx Office locations - allows customers to better control their delivery options, minimizing missed deliveries and returns.

The unparalleled FedEx global network, offers time-definite delivery to more than 220 countries and territories that comprise more than 90 percent of the world's GDP within one to three days.

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

FedEx takes the worry out your holiday shipping with various tools such as online tracking options, packaging services, and a diverse range of custom delivery arrangements;

Visit www.fedex.ca to learn how FedEx can serve you this holiday season!

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 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.