FedEx Trade Networks Announces New President & CEO

Fred Schardt Appointed to Lead Global Freight Forwarding Arm of FedEx

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Trade Networks, a subsidiary of FedEx Corp. (NYSE: FDX) and growing international ocean and air freight forwarder, today announced the appointment of Fred Schardt as president & chief executive officer (CEO) of FedEx Trade Networks.

“I look forward to continuing our progress in expanding the FedEx Trade Networks global footprint and enhancing our services to provide customers with unmatched end-to-end international freight forwarding solutions”

In his new position, Schardt is responsible for the leadership and strategic direction of FedEx Trade Networks, as well as the company’s global operations and product portfolio.

Schardt has spent more than 35 years in the international freight forwarding, transportation and logistics industries. He joined FedEx Trade Networks in 2008 as executive vice president & chief operating officer. During his time with the company, he realigned operations and standardized service offerings to optimize the FedEx Trade Networks international freight-forwarding portfolio. He is also leading an aggressive global expansion plan, which includes an increased freight-forwarding presence and office openings in Asia, Latin America, Europe, Africa and the Middle East.

“I look forward to continuing our progress in expanding the FedEx Trade Networks global footprint and enhancing our services to provide customers with unmatched end-to-end international freight forwarding solutions,” said Fred Schardt, president & CEO, FedEx Trade Networks.

FedEx Trade Networks’ previous president & CEO, Ed Clark, retired on September 30, 2009.

About FedEx Trade Networks

FedEx Trade Networks has more than 100 years of experience in international trade. The company's advanced technology and network of worldwide locations and alliances enables it to provide comprehensive customs brokerage, ocean and air international freight forwarding, global order logistics, distribution and surface transportation, trade advisory services, and advanced e-commerce and trade facilitation solutions. FedEx Trade Networks has the resources and support to help customers of all sizes navigate the intricacies of shipping goods globally. For more information, visit www.ftn.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.