FedEx Freight Offers 10:30 a.m. Delivery, Money-Back Guarantee

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Freight, Inc., a leading provider of regional less-than-truckload (LTL) services and an operating company of FedEx Corp. (NYSE:FDX), today added to its industry-leading services, offering delivery by 10:30 a.m. backed by a money-back guarantee.

The new service, FedEx Freight A.M., is designed to offer greater flexibility and control to shippers, whether they are meeting a unique need or as part of a planned strategy to reach a market or customer earlier in the day.

This new time-definite service is easy to use, economical and provides customers with streamlined pricing. Customers may select FedEx Freight A.M. service by making an on-line request or making a selection on the bill of lading, even at the time of pick up. This simplifies the process by eliminating the need for customers to call for a price quotation and service commitment. FedEx Freight A.M. is priced with a flat rate, enabling customers to more accurately plan budgets.

“FedEx Freight has played a leadership role in the industry by bringing on-time service to the LTL market. Today, we are enhancing our portfolio of reliable, customized solutions by offering shippers the ability to receive shipments by 10:30 a.m., backed by a money-back guarantee. As companies further compress supply chains and carefully manage inventory and cash flows, this level of service is more important than ever,” said Douglas G. Duncan, president and CEO, FedEx Freight Corp.

Shippers in a variety of market segments have asked for time-definite morning deliveries, including wholesalers, manufacturers, suppliers serving retail markets and producers of high-value goods.

FedEx Freight was formed in 2001 to provide next-day and second-day LTL service to benefit companies operating fast-cycle logistics. The company has a highly-engineered network, which it continues to refine, reducing transit times in more than 3,000 lanes in 2008.

About FedEx Freight

Within FedEx Corp., the FedEx Freight Segment had annual revenues of $4.9 billion in fiscal year 2008. 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; FedEx Custom Critical, North America's largest time-specific, critical shipment carrier; and Caribbean Transportation Services, the leading provider of airfreight forwarding services between the United States and Puerto Rico. For more information, visit the FedEx web site, 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 $39 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 290,000 employees and contractors 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.