FedEx Recognized by Black Enterprise as one of “40 Best Companies for Diversity”

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MEMPHIS, Tenn., July 1, 2008 – Black Enterprise today announced that FedEx has made the list of “40 Best Companies for Diversity”, based on a survey of major corporations.

According to the July issue of Black Enterprise, the publication “engaged in a comprehensive outreach effort to the CEOs and diversity executives of the top 1,000 publicly traded companies and the diversity executives for the 50 leading global companies with strong U.S. operations.” The four key categories where FedEx outperformed its peers included:

Senior Management – percentage of senior management positions held by African Americans and members of other ethnic minority groups
Employee Base – percentage of African Americans and members of other ethnic minority groups represented in the total workforce of the company
Board of Directors – percentage of African Americans and other ethnic minority groups represented on their corporate boards
Supplier Diversity – percentage of total procurement dollars spent with companies owned by African Americas and members of other ethnic minority groups
“FedEx values and promotes the unique contributions, perspectives and differences of our team members worldwide,” said Judy Edge, corporate vice president of Human Resources, FedEx Corp. “This is another independent confirmation of our commitment to diversity in the workplace, by one of the most respected publications among the African-American community.”

In 2006-2007, FedEx was ranked among the Best Places to Work in more than 20 nations. To learn more about the FedEx commitment to diversity, visit diversity.fedex.com [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 $38 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 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 news.fedex.com.