FedEx Chairman Frederick W. Smith Shares Views In Annual Letter to Shareowners

MEMPHIS, Tenn., Aug. 15, 2012 … FedEx Corp. (NYSE: FDX) believes its strategies to increase efficiency, improve the customer experience and adapt to dynamic global conditions will strengthen the company’s competitive position and financial performance, Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp., said in his annual letter to shareowners featured in the company’s 2012 Annual Report.

“We committed to a strong performance in FY12 and we delivered – no small feat, given the year’s challenges,” Smith said. “Our long-term strategies are working, and we believe we will improve our competitive position and our financial performance over the next several years as a result.”

Smith listed three keys to success for FedEx:

  • Take advantage of scale to improve efficiency;
  • Remain nimble and responsive to customers;
  • Run a lean, flexible organization.

To read the annual report, click here or go to fedex.com/2012annualreport.

Corporate Overview

 

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 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.

Media Contact: Jess Bunn 901-818-7463

Investor Contact: Mickey Foster 901-818-7468

Home Page: http://www.fedex.com