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April 22, 1999

FedEx to Launch New Technology System for Pick-Up and Delivery Services

TOKYO, April 22, 1999 - Federal Express Corp. (FedEx), the world's largest express transportation company, announced today that the company will introduce a new remote dispatch system, the Digitally Assisted Dispatch Systems (DADS), to enhance its pick-up and delivery services for local customers.DADS will utilize the latest telecommunications infrastructure, DoPa, developed by NTT Docomo.

DADS enables couriers and delivery service agents to upload package information into the company's centralized mainframe system, COSMOS, on a real-time basis every time the shipment is scanned.

The company plans to first introduce the new system in the greater Tokyo area, followed by Western Japan later this year. DADS will assist FedEx to maintain and enhance efficiencies in pick-up and delivery operations, as well as further increase service levels in the area of package tracking.

"DADS is an ideal pick-up/delivery control system that FedEx first developed for use in the U.S." said David J. Ross, Vice President of North Pacific Region. "The system will provide our Japanese customers with even faster and more accurate information on the status of shipments in the FedEx system."

In addition, DADS, which uses two-way data communications, makes it possible for couriers to receive pick-up requests from a dispatcher through a dedicated computer terminal installed in a vehicle. Traditionally, the dispatcher sent the request to the courier over the wireless phone.

FedEx currently serves more than 30 countries and territories in the Asia Pacific market with over 5,000 employees. The company provides the most extensive trans-Pacific all-cargo air lift of any major competitor. Operating its own wide-bodied MD-11, DC-10 and A310 aircraft, FedEx offers over 260 flights per week to Bangkok, Beijing, Cebu, Hong Kong, Jakarta, Kaohsiung, Kuala Lumpur, Manila, Osaka, Penang, Seoul, Shanghai, Singapore, Subic Bay, Sydney, Taipei and Tokyo, as well as destinations in the US.

Federal Express connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3 million items to 210 countries each working day. FedEx employs more than 142,000 employees and has more than 44,700 drop-off locations, 615 aircraft and 40,900 vehicles in its integrated global network. The company maintains electronic connections with more than a million customers via FedEx Powership®, FedEx Ship® and FedEx interNetShip®. Federal Express reported revenues of $13.3 billion for its fiscal year ended May 31, 1998.

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