FedEx Ground to Increase 2008 Rates by 4.9 Percent

FedEx Corp. (NYSE: FDX) will increase the standard list rates for FedEx Ground and FedEx Home Delivery by an average of 4.9 percent. The new rates will be effective Jan. 7, 2008.

FedEx Corp. previously announced an increase to the net average shipping rate for FedEx Express by 4.9 percent, which is composed of a 6.9 percent increase in standard list rates, offset by a 2.0 percentage point reduction in its fuel surcharge. These rates also are effective Jan. 7, 2008 and apply to U.S. and U.S. export express package and freight shipments.

Additional changes will be made to other FedEx Ground and FedEx Home Delivery surcharges effective Jan. 7, 2008. The details of these surcharges and the new rates are available at http://www.fedex.com/us/rates2008.

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 $36 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 280,000 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 http://news.fedex.com.

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