E-Commerce Shipments to Drive Record FedEx Holiday Volume

HONG KONG, November 22, 2011 – FedEx Corp. (NYSE: FDX) expects to move more than 17 million shipments – almost double its daily average volume – through its global networks on December 12, the projected busiest day in company history.

Between Thanksgiving in the U.S. and Christmas, FedEx forecasts more than 260 million shipments will move through its worldwide shipping networks.  This is a 12 percent increase for the holiday season over last year when 232 million shipments were processed. 

E-commerce is playing a crucial role in generating this seasonal growth and in overall global trade in general. And China is now the world’s second largest online retail market after the U.S. In 2010, China registered US$80.7 billion (RMB 515.1 billion) online sales, doubling sales in 2009[1].

Retail inventory such as apparel, personal consumer electronics and luxury goods as well as books and other items from large internet retailers will account for a large portion of FedEx holiday volumes.

FedEx Volumes Over the Years

  • ·         Dec. 12, 2005 – 9.8 million shipments
  • ·         Dec. 18, 2006 – 10.6 million shipments
  • ·         Dec. 17, 2007 – 11.5 million shipments
  • ·         Dec. 15, 2008 – 12.0 million shipments
  • ·         Dec. 14, 2009 – 14.2 million shipments
  • ·         Dec. 13, 2010 – 15.6 million shipments

About FedEx Express

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories.  FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee[1].

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 $40 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 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.

[1] “Regulations Help Online Retail Market into Future”, Xinhuanet, 24 October 2011

For further information, please contact:

Bite Communications

Elaine Ng

Email: elaine.ng@bitecommunications.com

Phone: +852 2973 0222

Jenny Lai

Email: jenny.lai@bitecommunications.com

Phone: +852 2973 0222

SOURCE: Submitted by Bite Communications