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May 8, 2000

FedEx Delivers World's Fastest Race Cars to Japan

FedEx as official carrier and series sponsor of the CART Series operated charters to transport CART race cars to Narita Airport

TOKYO, May 8, 2000 - Federal Express Corporation (FedEx), the world's largest express transportation company, today delivered 50 championship cars and equipment from Indianapolis to Narita. FedEx has been the series sponsor and the official express transportation company of the FedEx Championship Series since 1998. As the series moves through a 20-race schedule, which takes teams to 5 countries across 4 continents, FedEx will coordinate the international logistics and supply its aircraft to ship the entire series to races in Japan, Brazil, Australia and across the United States. The Japan race will be held over three days starting from May 11 at Super Speedway, Japan's first full-scale oval racing course, at Twin Ring Motegi in Tochigi prefecture.

"To become a top winner, and to consistently achieve that goal -- it's something both FedEx and CART strive for every day," said David J. Ross, Vice President of North Pacific Region of Federal Express. "Pushing speed, reliability, technology and teamwork to the furthest limits is a principle that series sponsor FedEx shares with CART racing, and puts into practice every day. The principle makes the ongoing relationship between FedEx and CART a natural partnership."

Federal Express Corporation began operations in Japan in 1984 and started overnight service between Tokyo and the U.S. The company gradually expanded its service network to cover Osaka and Nagoya, and now provides same-day delivery service by its own flights utilizing both New Tokyo International Airport (NRT) and Kansai International Airport (KIX). In 1995, FedEx opened its Asia Pacific Hub in Subic Bay, the Philippines, and launched AsiaOne, its new intra-Asia overnight delivery network connecting major commercial and financial centers in the region. FedEx Japan has currently 1,500 employees, 53 drop-off locations including seven fully-staffed World Service Centers, four Authorized ShipCenters, 24 Drop Boxes and 18 Stations nationwide.