(EMAILWIRE.COM, November 19, 2002 ) MEMPHIS, Tenn.,-FedEx Freight, in cooperation with FedEx Trade Networks, will now offer less-than-container-load (LCL) service to and from Europe, via FedEx Trade Networks Ocean Transport Service. FedEx Freight, a leading provider of regional less-than-truckload (LTL) service in the U.S., and FedEx Trade Networks, a provider of customs clearance, international freight forwarding and trade facilitation solutions, are both subsidiaries of FedEx Corp. [NYSE: FDX]. This service is also supported by Koninklijke Frans Maas Groep N. V. (Frans Maas), a leading provider of international freight forwarding and logistics services. "This service offers a unique value to the marketplace. It is fast, reliable and easy to use. Customers no longer have to call multiple providers to handle a single shipment to Europe. Their needs are met by a single FedEx source," said Dennie Carey, senior vice president of marketing for FedEx Freight. "We have leveraged our relationship with our sister company, FedEx Trade Networks, to meet the increasingly global needs of our customers."This service is door-to-door or door-to-port with one invoice and a single source of accountability for shipment control. The U.S. inland ground service will be provided by FedEx Freight. The ocean portion of the move will be handled by FedEx Trade Networks, acting as Federal Maritime Commission Licensed Ocean Transportation Intermediary (OTI), formerly known as a Non-Vessel Operating Common Carrier (NVOCC). Frans Maas will handle the European ocean coordination and ground transportation.Customers can call a toll free number (866-393-4685) for rate quotes, tracking, proof of delivery and assistance with documentation. "Rapid transit is one of the key differentiators of this service. FedEx Freight specializes in next-day and second-day delivery in the U. S. FedEx Trade Networks utilizes multiple sailingschedules to get the freight moving as quickly as possible to or from Europe. And, Frans Maas provides comprehensive coverage at ocean ports and has service locations throughout Western and Eastern Europe. It is a seamless, convenient service," said Ed Alderman, FedEx Freight director of international development. FedEx Freight's European service will be implemented on a phased-in approach, beginning with the Atlanta service area. States served through Atlanta include Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee. Service in the Midwest is scheduled to begin in mid-December. Service in the Northeast and Southwest is set to start in mid-February. The service will be expanded to locations in the West in mid-March.About FedEx FreightAs a member of the FedEx Corp. family of companies, FedEx Freight is the $2 billion leading provider of next-day and second-day regional LTL freight services. With corporate offices in Memphis, Tenn., FedEx Freight is composed of two operating companies, FedEx Freight East and FedEx Freight West, both known for exceptional service, reliability and on-time performance. Through a comprehensive network of service centers and advanced information systems, the two companies provide service to virtually all U.S. zip codes, including Alaska and Hawaii, plus Puerto Rico. Internationally, they provide service to North, Central and South America, the Caribbean and Europe. More information about FedEx Freight East, based in Harrison, Ark., and about FedEx Freight West, based in San Jose, Calif., can be found at www.fedexfreight.fedex.com.About FedEx Trade NetworksFedEx Trade Networks, headquartered in Memphis, Tenn., is a provider of customs brokerage, international freight forwarding, consulting, information technology, and trade facilitation solutions. Its operating companies are FedEx Trade Networks Transport & Brokerage, Inc., one of the largest customs brokers in North America and an international freight forwarder; Caribbean Transportation Services, the leading provider of airfreight forwarding services between the United States, Puerto Rico and the Dominican Republic; and FedEx Trade Networks Trade Services, Inc., which provides duty and tax data services through Worldtariff, international consulting services, and an integrated international shipping resource known as Global Trade Tools sm. More information about FedEx Trade Networks can be found at www.tnb.fedex.com.About FedEx Corp.With annual revenues of $21 billion, FedEx Corp. is the premier global provider of transportation,e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Freight, the largest U. S. provider of regional less-than-truckload freight services; FedEx Custom Critical, North America's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs clearance, international freight forwarding and trade facilitation.# # #NOTE TO EDITORS: Press releases and additional information about FedEx Corp. and its operating companies can be found on the World Wide Web at http://www.fedex.com.CONTACT INFORMATION:Media Contact: Debra PhillipsFedEx Freight901-395-2842debra.phillips@fedex.com

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