FedEx Freight Continues Strategic Expansion and Growth Throughout U.S.

FedEx Freight Continues Strategic Expansion and Growth Throughout U.S.

    Business Editors/Transportation Writers

    MEMPHIS, Tenn.--(BUSINESS WIRE)--March 28, 2005--

Leading LTL carrier opens four centers and expands a fifth to meet increasing demand for its portfolio of shipping solutions
    FedEx Freight, a subsidiary of FedEx Corp. (NYSE: FDX), continues its aggressive nationwide expansion by opening four new service centers and expanding a fifth facility to meet growing customer demand throughout the United States.
    "Increasing capacity remains an important business goal as FedEx Freight continues its long-term growth strategy focusing on next-day and second-day regional markets," said Douglas G. Duncan, president and CEO of FedEx Freight. "Our efforts to build new facilities and upgrade current centers underscore our commitment to exceeding customers' service and reliability expectations in these growing markets."
    A leading provider of regional and interregional less-than-truckload (LTL) services in the U.S., FedEx Freight continues to grow as more customers entrust their fast-cycle logistics needs to a carrier with a reputation for quality, certainty and service excellence - all backed by the power of the FedEx brand.
    Newly-constructed and recently-opened facilities include state-of-the-art service centers in Des Plaines, Ill., Salem, Ore., Texarkana, Ark. and Springfield, Mass. In addition, a supplemental building at the company's Long Island center in West Babylon, N.Y., will enhance area service and capacity capabilities.
    While the new Des Plaines, Salem and Texarkana centers replace older facilities in their respective areas, the center in Springfield marks the first FedEx Freight facility in that area. Increasing breadth of service to the busy I-90 and I-91 corridors and the New England region, the center includes 23 doors and 18,000 square feet of dock, office and shop space on a four-acre site. The Springfield facility employs 20 full- and part-time employees.
    The new 44,000-sq.-ft. facility in Des Plaines, Ill., which includes 76 service doors, is instrumental in meeting growing demand in the busy Chicago metropolitan area and the Great Lakes region. The 10,000-sq.-ft. Salem, Ore., center is helping meet capacity needs in Oregon and the Pacific Northwest. Equipped with 28 service doors on a six-acre site, the facility replaces a 24-door center.
    Situated on an eight-acre site, the 17,000-sq.-ft. Texarkana service center features 36 doors, replacing a 24-door, three-acre complex. The new Arkansas facility will help meet increasing demand along the bustling I-30 corridor. The Long Island facility has added a nearby building to increase its size from 30 to 60 doors, doubling freight handling capabilities. Increasing capacity and maximizing service to the New York City metro area, the current and new buildings include more than 17,000 square feet of office, dock and shop space on seven acres.
    These service center openings follow other recent expansions, including the addition of a new center in Gardena, Calif., and expanded facilities in Youngstown, Ohio, and Pocono Summit, Pa. FedEx Freight also recently announced plans for a new center near Sacramento, Calif., scheduled to open in 2006.

    About FedEx Freight

    Within FedEx Corp., the FedEx Freight Segment had annual revenues of $2.7 billion in fiscal year 2004. The Segment includes FedEx Freight, a leading U.S. provider of regional next-day and second-day and interregional LTL freight services. With corporate offices in Memphis, Tenn., FedEx Freight is known for exceptional service, reliability and on-time performance. Through a comprehensive network of service centers and advanced information systems, FedEx Freight provides service to virtually all U.S. ZIP codes, including Alaska and Hawaii. The carrier's regional and interregional LTL service is supported by a no-fee money-back guarantee on all eligible continental U.S. shipments. Internationally, the company serves Canada, Mexico, Puerto Rico, Central and South America, the Caribbean, Europe and Asia. FedEx Freight maintains more than 330 service centers throughout North America. The FedEx Freight Segment also includes FedEx Custom Critical, North America's largest time-specific, critical shipment carrier; and Caribbean Transportation Services, the leading provider of airfreight forwarding services between the United States and Puerto Rico. For more information, visit the FedEx web site, 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 $29 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 250,000 employees and contractors 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 fedex.com.

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CONTACT: FedEx Freight, Memphis Debra Phillips, 901-434-3122 debra.phillips@fedex.com www.fedex.com

KEYWORD: ARKANSAS MASSACHUSETTS TENNESSEE OREGON ILLINOIS NEW YORK INDUSTRY KEYWORD: AIRLINES TRANSPORTATION PRODUCT SOURCE: FedEx Freight

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