FedEx Custom Critical Honors Independent Contractors
 With Four Star Award

GREEN, Ohio, Aug. 26, 2008––FedEx Custom Critical, Inc., North America’s largest provider of expedited time-critical shipments and a subsidiary of FedEx Corp. (NYSE: FDX), recently honored its top-performing independent contractors at its annual Four Star Awards celebration. The award recognizes the top 50 independent contractors who exemplify the company’s dedication to superior customer service and safe driving.

All of the winners and their spouses or guests spent three nights at The Ritz-Carlton in Naples, Fla., for a celebration in their honor.

This is the ninth year for the Four Star Award.  In order for an independent contractor to qualify for the award, he or she must meet customer service and safety criteria over the course of a year. In case of ties, the award goes to the contractors who delivered the most shipments over the
contest period.

“Our independent contractors display two characteristics we value most: being safe and taking care of the customer,” said Virginia Albanese, president and CEO of FedEx Custom Critical. “It’s our pleasure to honor them for all their hard work.”

About FedEx Custom Critical

FedEx Custom Critical provides expedited shipment solutions throughout North America and internationally. Among its divisions are Surface Expedite®, for exclusive-use shipping and time-definite services; Air Expedite®, for an array of expedited air solutions to meet customers’ critical delivery times; and White Glove Services®, for shipments that require extra care in handling, temperature control or specialized security. FedEx Custom Critical is an operating subsidiary of FedEx Corp.

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.