FedEx Honored by National Retailer

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) was recently honored with the “Small Parcel Carrier of the Year” award from Wal-Mart Stores, Inc. (NYSE: WMT). The award represents exceptional service performance in transportation services in 2008.

“Receiving this recognition is the best measure of the true value FedEx is adding to Walmart’s transportation and logistics operations,” said David Edmonds, senior vice president of Worldwide Sales at FedEx. “Working closely with Walmart, we have been able to rise above the industry’s challenges to develop innovative solutions within their operations to meet business demands.”

FedEx Express and FedEx Ground received the award in the small-package air and ground categories.

“FedEx has set themselves apart from other carrier partners in the industry by going above and beyond to service our customers and exceeding our service expectations,” said Kelly Abney, vice president, Walmart Corporate Transportation, in a letter of recommendation.

Walmart's Carrier of the Year award is determined by overall dedication to customer service, operational excellence and the ability to offer creative solutions to the company’s complex supply chain opportunities.

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 $35 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 280,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

NOTE TO EDITORS: Additional information about FedEx can be found at www.fedex.com.

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