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December 4, 2001

FedEx Strengthens Its Service Network By Opening
Two New Stations in Korat and Lam Chabang

Bangkok, December 4, 2001 - FedEx, the world's largest express transportation company, has announced the opening of two new stations: one in Korat, gateway to the country's Northeast region; and another one in Lam Chabang, in the heart of the Eastern Seaboard and its nearby Export Processing Zone (EPZ). The new stations will facilitate the access of local customers, including corporations, small-and-medium enterprises (SMEs) and individuals, to the FedEx global network.

The Korat station is FedEx's first service center in Thailand's northeast region. It provides express service including rapid, reliable, time-definite delivery of documents, packages and freight shipments worldwide. The 80 square meter facility offers its customers a 15:00 pm cut off time. Shipments are then transported to Bangkok on the same day for easy connection to their final destinations worldwide via FedEx's AsiaOne network and regional hub in Subic Bay (Philippines).

The Lam Chabang station provides FedEx customers in the EPZ area with on-site customs processing for faster customs clearance. Customers can also fax their documents beforehand to commence the process in advance. They benefit from a late cut-off time at 16:00 pm. In case of large shipments, customers can request for pick up using FedEx's one-ton trucks.

This move illustrates FedEx's continuing expansion plan in Thailand. Said Mr. Rhicke Jennings, Managing Director of FedEx Thailand: "With the opening of these two new stations, we further increase our presence in the country to better serve our customers wherever they are. These new facilities are part of our company's efforts to support country's northeastern region and the dynamic Eastern Seaboard, where there is a real need for fast and reliable international air express services."

The two new stations are the latest addition to FedEx's network in Thailand, complementing seven other FedEx service centers: four in Bangkok - Bangna, Laksi, Rama IV and Don Muang International Airport - and three in the North: Chiang Mai (two locations) and Lumphun.

FedEx Express, a $15 billion subsidiary of FedEx Corp., 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 3.3 million items to 211 countries each working day. FedEx employs approximately 144,000 employees and has more than 46,000 drop-off locations, 640 aircraft and 45,000 vehicles in its integrated global network.

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